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《长安大学学报（社科版）》[ISSN:1671-6248/CN:61-1391/C]

Issue:

2022年05期

Page:

68-79

Research Field:

国际经济与贸易

Publishing date:

2022-11-30

Info

Title:

Analysis on the economic cooperation between China, Japan and South Korea in the context of RCEP

Author(s):

YUAN Huiai¹;  YUE Hongzhi¹;  ZHAO Lihong²

(1. School of Economics and Management, Northwest University, Xi’an 710127, Shaanxi, China; 2. School of Economics and Management, Tibet University, Lhasa 850000, Tibet, China)

Keywords:

Regional Comprehensive Economic Partnership(RCEP);  China;  Japan;  and South Korea;  tariff concession;  economic cooperation;  anti-globalization;  free trade agreement;  foreign direct investment

PACS:

F116; F125; F744

DOI:

-

Abstract:

As an East Asian plan in the international economic and trade order, the “Regional Comprehensive Economic Partnership”(RCEP)is a powerful response to anti-globalization and trade protectionism in recent years. It can provide new momentum for the recovery, integration, prosperity and development of regional industrial chains, global free trade as well as restorative growth of the world economy. By analyzing the bilateral trade and investment status of China, Japan and South Korea, combined with the specific provisions of RCEP, this paper analyzes the opportunities and challenges faced by China, Japan, and South Korea in economic and trade cooperation in the context of RCEP, and studies the development path of economic and trade cooperation among the three countries. The study found that in the context of RCEP, China, Japan, and South Korea have a high degree of integration of trade in goods, strong tariff concessions, and service trade and investment opening up to boost the industrial layout of the three countries. However, they face many political challenges such as historical issues and the negative impact of the US economic hegemony. China, Japan and South Korea need to seize the opportunity of the signing of RCEP, use the policy dividends brought by RCEP to expand in-depth cooperation in trade, service, investment and other fields, resolve political differences through economic and trade cooperation, enhance mutual benefit and mutual trust, realize positive economic and political interactions, improve the overall social well-being of the three countries, and promote the development of the Asia-Pacific region towards economic integration.

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Last Update: 2022-11-30