Year: 2024
Type: article
Abstract: Subject and purpose of work The participation of ASEAN member states (AMS) in the Regional Comprehensive Economic Partnership (RCEP) alters the international economic environment and reshapes their development ties with the European Union (EU). Materials and methods This article thus examines RCEP’s implications to EU, especially on trade, investment, and policy harmonization. Results In particular, it presents both gains and barriers to deeper ASEAN-EU relations. On the one hand, the opportunities lie in ASEAN’s enhanced bargaining position and prospective initiatives in digital economy and sustainable development. On the other hand, challenges may arise from regulatory disparities and competitive demands. In addition, ASEAN is required to strike a balance between its obligations with RCEP and the EU. Conclusions The article hance emphasizes the importance of strategic dialogue and cooperation to align standards, promote mutual benefits, and mainstream sustainable development in the evolving geopolitical context. It seeks to contribute to a profound understanding of how regional trade dynamics influence global development cooperation frameworks.
Authors: Francisco Magno, Jovito Jose Katigbak
Institution: De La Salle University
Language: English
Field: Social Sciences
Domain: Social Sciences
Open Access status: diamond
OpenAlex ID: W4408256285