Asia-Pacific mega trade deals (RCEP, CPTPP): Which role for the US, and what are the implications for the EU?
While it has long been reluctant to engage in institution-based regional economic integration, East Asia is now home to two mega trade deals: the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) and the Regional Comprehensive Economic Partnership (RCEP).
Interestingly, the United States, although traditionally a key player in the region, is not party to either of these arrangements. Given their weight and importance, these two agreements can leave neither EU governments nor European companies indifferent. While the latter can make the best of these agreements by enhancing their presence in the region, the former should take the necessary steps to avoid being side-lined in the definition of the rules of the game in East Asia. To that end, joining the CPTPP may be the most appropriate move. Incidentally, such a move may also induce the US to come back into the game as well.
> Please read the book on the Institute of International Relations' website.
Available in:
Regions and themes
Share
Related centers and programs
Discover our other research centers and programs
Center for Asian Studies
Asia is a nerve center for multiple global economic, political and security challenges. The Center for Asian Studies provides documented expertise and a platform for discussion on Asian issues to accompany decision makers and explain and contextualize developments in the region for the sake of a larger public dialogue.
The Center's research is organized along two major axes: relations between Asia's major powers and the rest of the world; and internal economic and social dynamics of Asian countries. The Center's research focuses primarily on China, Japan, India, Taiwan and the Indo-Pacific, but also covers Southeast Asia, the Korean peninsula and the Pacific Islands.
The Centre for Asian Studies maintains close institutional links with counterpart research institutes in Europe and Asia, and its researchers regularly carry out fieldwork in the region.
The Center organizes closed-door roundtables, expert-level seminars and a number of public events, including an Annual Conference, that welcome experts from Asia, Europe and the United States. The work of Center’s researchers, as well as that of their partners, is regularly published in the Center’s electronic journal Asie.Visions.
Find out more
Discover all our analyses
China’s Strategy Toward Pacific Island countries: Countering Taiwan and Western Influence
Over the past decade, China has deployed a diplomatic strategy toward the Pacific Island Countries (PICs). This strategy pursues two main objectives: countering Taiwan's diplomatic influence in the region and countering the influence of liberal democracies in what Beijing refers to as the "Global South."
Opening up the G7 to South Korea to Address Contemporary Global Challenges
The G7’s global influence has diminished as powers like China reshape international governance through initiatives such as BRICS and the Shanghai Cooperation Organisation (SCO). With the G7 now representing just 10 per cent of the world’s population and 28 per cent of global GDP, its relevance is increasingly questioned.
Expanding SPDMM as a pivotal institution in the Pacific – A French perspective
The South Pacific Defence Ministers’ Meeting (SPDMM) is the only forum that brings together defense ministers from the wider South Pacific — including Chile, which is hosting it for the first time. This heterogeneous group of countries with varying resources, capacities, and interests — Australia, Chile, Fiji, France, New Zealand, Papua New Guinea (PNG), and Tonga — are united by their shared determination to strengthen cooperation on maritime security and humanitarian assistance and disaster relief (HADR) activities.
EU’s Derisking From China: A Daunting Task
With economic security as a major concern, the EU has recently turned to “derisking” from China. The EU strategy entails reducing critical dependencies and vulnerabilities, including in EU supply chains, and diversifying where necessary, while recognizing the importance and need to maintain open channels of communication.