Economic Implications of the Regional Comprehensive Economic Partnership for Asia and the Pacific

The RCEP has the potential to shape trade and investment patterns in Asia and the Pacific well into the future and to influence the direction of global economic cooperation at a challenging time. Results of the study presented in this paper suggest that the RCEP could generate sizable global income gains. Together with the Comprehensive and Progressive Agreement on Trans-Pacific Partnership, it is also expected to strengthen the region’s manufacturing supply chains, raising productivity and increasing wages and employment.