Regional Comprehensive Economic Partnership

Author(s): Abdur Razzaq * .

DOI: 10.2174/9789815123227123010012

Regional Trade Deal with China for a New Digital Economy

Pp: 132-145 (14)

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  • * (Excluding Mailing and Handling)

Abstract

SHS investigation development is considered from the geographical and historical viewpoint. 3 stages are described. Within Stage 1 the work was carried out in the Department of the Institute of Chemical Physics in Chernogolovka where the scientific discovery had been made. At Stage 2 the interest to SHS arose in different cities and towns of the former USSR. Within Stage 3 SHS entered the international scene. Now SHS processes and products are being studied in more than 50 countries.

Abstract

The Regional Comprehensive Economic Partnership (RCEP) will be one of the most important free trade agreements in the history of the Asia-Pacific region and the world. Its objective is to improve trade ties across the Asian-Pacific region's economies. In the midst of the COVID-19 pandemic that has spread over the world, it has emerged as a topic that can have an influence on business. As China is one of the RCEP members that possesses a strong economic background, the country is innovating in the way it trades by taking advantage of the digital economy; even during the pandemic. It is apparent that China's economy benefits from this strategy to some extent. This study is an exploratory research using secondary data to investigate whether or not the RCEP will pose as a new economic platform in the Asia-Pacific region. The findings show that China's economy recovers partly due to the implementation of this digital system, becoming the world's first to do so. Throughout the outbreak of COVID-19, the country has demonstrated that it is inventive and capable of supporting its economy and speeding its development. The RCEP agreement will have a greater impact on China and on the participating members. 

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