Proceedings of the 2nd International Conference of Law, Government and Social Justice (ICOLGAS 2020)

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The Covid-19 Situation: The Role of Guiding Principles in Regional Comprehensive Economic Partnership (RCEP) in ASEAN Economic Recovery

Authors
Amalina Binti Ahmad Tajudin
Corresponding Author
Amalina Binti Ahmad Tajudin
Available Online 14 December 2020.
DOI
10.2991/assehr.k.201209.310How to use a DOI?
Keywords
ASEAN, RCEP, SME
Abstract

This paper investigates the impact of the Regional Comprehensive Economic Partnership (RCEP) trade agreement that is expected to boost 45% of the world’s population economy by 2021. With ASEAN and 5 developed nations participating in RCEP, one area of concern is how these different nations could achieve a balance of trade. While most countries struggled to recover economically after Covid-19, the objective of this paper is to determine whether ASEAN could benefit as a region in the RCEP under the application of Guiding Principles. This paper relies on secondary data to identify whether the Guiding Principles of the agreement would assist ASEAN in economic recovery post-pandemic period. More importantly, ASEAN needs to thrive in the small and medium enterprises (SME) and the paper relates the application of the Guiding Principles upon the progression of SMEs in ASEAN. The RCEP ought to be adaptable to countries of different statuses because every country has different needs and capacity to trade. The paper finds that for RCEP to sustain as a successful trade agreement in the long-term, Guiding Principles must be adhered to by customizing the trade needs of not only each member country but also ASEAN as a region.

Copyright
© 2020, 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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Volume Title
Proceedings of the 2nd International Conference of Law, Government and Social Justice (ICOLGAS 2020)
Series
Advances in Social Science, Education and Humanities Research
Publication Date
14 December 2020
ISBN
10.2991/assehr.k.201209.310
ISSN
2352-5398
DOI
10.2991/assehr.k.201209.310How to use a DOI?
Copyright
© 2020, 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/).

Cite this article

risenwbib
TY  - CONF
AU  - Amalina Binti Ahmad Tajudin
PY  - 2020
DA  - 2020/12/14
TI  - The Covid-19 Situation: The Role of Guiding Principles in Regional Comprehensive Economic Partnership (RCEP) in ASEAN Economic Recovery
BT  - Proceedings of the 2nd International Conference of Law, Government and Social Justice (ICOLGAS 2020)
PB  - Atlantis Press
SP  - 346
EP  - 352
SN  - 2352-5398
UR  - https://doi.org/10.2991/assehr.k.201209.310
DO  - 10.2991/assehr.k.201209.310
ID  - Tajudin2020
ER  -