Nozdrev Stanislav
Regional Trade Integration in Asia and the Pacific: Assessing Opportunities
Publication Type:


DOI 10.24412/2072-8042-2023-11-7-22

The article examines the current trends in trade integration of Pacifi c Asia, its features and prospects aft er the establishment of the Regional Comprehensive Economic Partnership Agreement (RCEP). For a long period, the rapid expansion of intraregional trade was largely facilitated by the Association of Southeast Asian Nations (ASEAN), but in recent years the key indicators point to its slowdown. Under these conditions, with the new agreement (RCEP), which includes more participants, Asian countries in the long term expect to strengthen their role in global trade as major suppliers of industrial products on the basis of global and regional value chains supported by trade and investment agreements. At the same time, they are challenged to overcome negative trends in the regional economy due to the ongoing deglobalization, fragmentation of markets and the creation of new barriers to exports.


Keywords: countries of Asia and the Pacifi c | regional integration | RCEP | foreign trade regime | global value chains | intra-industry division of labour | free trade agreement |



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