Regional Comprehensive Economic Partnership (RCEP) – The Geopolitical and Economic Implications on Malaysia

DOI

10.2991/assehr.k.210805.068How to use a DOI?

Keywords

Regional comprehensive economic partnership (RCEP), small and medium enterprises (SMEs), free trade agreements, Malaysia, ASEAN

Abstract

Regional Comprehensive Economic Partnership (RCEP) is a regional multilateral free trade agreement between the Asia-Pacific nations of China, Japan, South Korea, Malaysia, Singapore, Indonesia, Thailand, Cambodia, Brunei, Laos, the Philippines, Myanmar, Vietnam, Australia and New Zealand. With the signed of RCEP among these fifteen countries, a world’s largest trading bloc which covering nearly a third of the global economy is formed. Furthermore, the involvement of almost all the major East Asia trading nations has make RCEP significant in terms of its sheer scale. As an economic cooperation arrangement, RCEP will spur the partners continuing to deepen the economic integration between their economies. The question is being asked more and more, especially since the negotiations for the RCEP was successfully concluded in 15 Nov 2020, is RCEP really about trade or is it more concerned with the world’s geopolitical climate? This paper focuses on geopolitical considerations associated with Malaysia’s membership of RCEP and the economic implications on Malaysia SMEs. Malaysia stands to benefit, but must move forward positively in both its domestic organization and external negotiations to optimize its gains.

Copyright

© 2021, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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TY  - CONF
AU  - Wei Ying Chong
PY  - 2021
DA  - 2021/08/08
TI  - Regional Comprehensive Economic Partnership (RCEP) – The Geopolitical and Economic Implications on Malaysia
BT  - Proceedings of the International Conference on Economics, Business, Social, and Humanities (ICEBSH 2021)
PB  - Atlantis Press
SP  - 427
EP  - 432
SN  - 2352-5398
UR  - https://doi.org/10.2991/assehr.k.210805.068
DO  - 10.2991/assehr.k.210805.068
ID  - Chong2021
ER  -