Trump dumps Trans-Pacific Partnership:Is the Chinese RCEP the alternative?

January 23, 2017

Dr Jeffrey Wilson says the RCEP offers a radically different model for trade .

Dr Jeffrey Wilson says the RCEP offers a radically different model for trade .

With President Trump withdrawing the U.S. from the Trans-Pacific Partnership (TPP), many analysts have begun to view the China-led Regional Comprehensive Economic Partnership (RCEP) agreement as a potential replacement.

In a policy report produced under a research partnership with the Perth USAsia Centre, Dr Jeffrey Wilson from Murdoch’s Asia Research Centre looks at the previously obscured RCEP trade agreement.

“With the TPP on the brink of collapse, many now view the RCEP as a potential replacement. However, RCEP offers a radically different model for trade multilateralism,” said Dr Wilson, a Research Fellow with the Perth USAsia Centre.

“It promises a lower level of reform ambition, and offers a membership model in which China is the leader and lynchpin of Asian regionalism. As RCEP moves to completion in 2017, it may usher in an historic shift from an Asia-Pacific to Indo-Pacific regional economic order.”

The Australian Institute of International Affairs published a blog on Dr Wilson’s report, The Regional Comprehensive Economic Partnership: An Indo-Pacific approach to the regional trade architecture?

The full report can be viewed here.

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