Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/256664 
Year of Publication: 
2021
Series/Report no.: 
SWP Comment No. 3/2021
Publisher: 
Stiftung Wissenschaft und Politik (SWP), Berlin
Abstract: 
The signing of the Regional Comprehensive Economic Partnership (RCEP) on 15 November 2020 establishes the world's largest free trade area. The agreement was hailed as an important step forward for the international trade system: protectionism is no longer the only visible option for the third decade of the twenty-first century. But RCEP is a relatively weak instrument. It consolidates existing trade agreements in the region, but does not represent a breakthrough to a liberal economic space. It lacks the potential to make the Asia-Pacific region into a monolithic trading bloc, nor does it contribute to overcoming growing political tensions in the Indo-Pacific.
Persistent Identifier of the first edition: 
Document Type: 
Research Report

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