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RCEP tariff adjustment and its impact on intra-regional trade(PDF)

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

Issue:
2021年01期
Page:
47-55
Research Field:
国际经济与贸易
Publishing date:
2021-02-20

Info

Title:
RCEP tariff adjustment and its impact on intra-regional trade
Author(s):
LI Zhiyuan;  LIN Yichun
School of Economics, Fudan University, Shanghai 200433, China
Keywords:
Regional Comprehensive Economic Partnership(RCEP);  tariff commitment;  import of capital goods;  intermediate goods;  consumer goods;  tariff reduction;  China-Japan-ROK Free Trade Area
PACS:
F744; F125
DOI:
-
Abstract:
In order to analyze the impact of Regional Comprehensive Economic Partnership(RCEP)on the trade of goods in the RCEP free trade area, this paper takes China’s import tariffs as the entry point and combines the import data of Chinese customs from 2000 to 2013 as well as the data of WITS tariffs from 2005 to 2014 to study the impact of RCEP tariff reduction. It is found that according to China’s tariff commitment to other RCEP member states, 90% of the products imported from the RCEP zone will achieve zero tariff in the long run, among which, the imports from Japan and South Korea will enjoy more significant tariff reduction or exemption than those from other RCEP member states. Intermediate goods and consumer goods from Japan and South Korea, resource-intensive products from Australia and New Zealand, technology-intensive intermediate goods and resource-intensive intermediate goods from ASEAN countries will all increase with tariff reduction. The intra-industry division of labor between China and RCEP countries will be further deepened, and inter-industry trade will also provide more choices to meet the needs of consumers.

References:

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Memo

Memo:
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Last Update: 2021-02-20