2013 is set to be a crucial year for market integration in the Asia-Pacific. The launch of the TPP negotiations will be followed by RCEP (ASEAN plus Australia, China, India, Japan, Korea and New Zealand) announced at the East Asia Summit in November, together with the surprise announcement of the three-party FTA between China, Japan and Korea (CJK).
Each of these endeavours – the "21st Century standards" of TPP, the pan-Asian coverage of RCEP, or China opening up towards Korea and Japan – would deliver significant boost to trade and consolidate supply-chains if they live up to their promise. But they would also divert trade away from the EU. An upcoming study by Kenichi Kawasaki compares the economic impact across the board for all major FTA/RTAs on the table.
But competition or the complementarity between these agreements is also under debate. Can the Asian economies maintain consistent regulations with overlapping regional agreements and FTAs? How will the economic slowdown and the new leadership in China, Korea and Japan affect their priorities on trade? What lies ahead for EU competitiveness and trade negotiations with the Far-East, including China?
Speakers and commentators:
Guy de Jonquières, Senior Fellow, ECIPE
Kenichi Kawasaki, Consulting Fellow of Research Institute of Economy, Trade & Industry (RIETI) and Counsellor of Cabinet Secretariat of Japan.
Heesang Kim, Economic Counsellor, Korean Mission to the EU
Peter Berz, Head of Unit, DG Trade, TBC
Please join us for an exciting lunch debate on the race between trade agreements in the Far-East.
A sandwich lunch will be served.