The Regional Comprehensive Economic Partnership (RCEP) agreement, signed in November 2020, comes shortly after the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) entered into force and the US-China Trade War escalated. We use a computable general equilibrium model...

Asia-Pacific economic development is at a decisive point. The particular system of open trading is breaking down, and no longer has clearcut American support. East Asia can now provide a majority of the market's growth required for its own export expansion, but cannot carry the whole load alone....