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/).
Cite this article
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 -