CKGSB Releases New Report on RCEP, Discusses Whether Multilateralism Leads to Economic Growth in Asia Pacific

JAKARTADAILY.ID – Drawing from its extensive network of partners in the Asia Pacific, China's leading business school Cheung Kong Graduate School of Business (CKGSB) publishes a new report titled "RCEP: Can Multilateralism Lead to Economic Growth in Asia Pacific?"

This report examines the impact of the Regional Comprehensive Economic Partnership (RCEP), which entered into force on January 1, 2022. SRW&Co., a regional management consulting firm, supported the report.

Accounting for nearly a third of the world's population and almost 30 percent of global GDP, RCEP is expected to be the most consequential trade agreement in history.

Also read: Trina Solar Constructing New Energy Industrial Park Project in Xining, China

"This report is one of the first to bring together insights from 20 experts across 10 RCEP member countries analyzing how the agreement will change the economic and political landscape in the 21st century," CKGSB said in a statement published on the PR Newswire website last month.

Contributors in the report represent leading schools like CKGSB, Chulalongkorn University, and Prasmul-Eli; multilateral institutions like the Asian Development Bank; influential political figures like Indonesia's former Trade Minister, Japan's RCEP negotiator, Indonesia's Consul General in Shanghai, Philippine's Commercial Counsellor, and Australia's Commissioner to Greater China for Victoria; and senior leaders of successful companies like Alibaba Group, United Overseas Bank and Fortune Korea.

The first section of the report discusses the geopolitical and economic shifts that will likely take place. The second section looks at the development of cross-border e-commerce and the establishment of a digital economy. The final section examines how tariff liberalization will expand trade between the member countries, sparking new sectors and elevating technical know-how.

Also read: Indonesia Looks to China to Promote Legal and Sustainable Timber Products and Improve Trade

"RCEP represents Asia's response to an increasingly fractured world. Asia's proactive role in supporting globalization will also help increase its influence on the world stage," writes CKGSB Founding Dean, Xiang Bing. At a time when multilateralism is being challenged, will RCEP prove the skeptics wrong? Can it represent an opportunity to leverage liberalized trade and supply chain optimization while turbo-charging Asia Pacific's economies?

JakartaDaily.id will write a series of articles, extracting views from experts who contributed to CKGSB's latest report.

Contributors to the report include:

• Xiang Bing, Founding Dean and Professor of China Business and Globalization, CKGSB
  Tao Zhigang,  Professor of Strategy and Economics and Associate Dean, CKGSB
• Liang Wentao, Former Deputy Director General of the Department of Asia Affairs, Ministry of Commerce, PRC; Alumnus of the Executive. He is also a graduate of the MBA Program and ASEAN New Economy Leadership Program from Cheung Kong Graduate School of Business
• Dr. Piti Srisangnam, Associate Professor and Director of ASEAN Studies Center, Chulalongkorn University
• Jong Woo Kang, Principal Economist, Economic Research and Regional Cooperation Department, Asian Development Bank (ADB)
• Li Haitao, Dean’s Distinguished Chair Professor of Finance, Associate Dean for Business Scholars Program, Associate Dean for Alumni Affairs and the Development Foundation, Director of the Family Business Research Center, CKGSB
• Dr. Edward Tse, Founder & CEO, Gao Feng, Advisory Company; Professor of Managerial Practice of Strategy, CKGSB
• Zhang Kaifu, Head of Taobao Operations, Alibaba Group, Former CKGSB Professor
• Tetsuya Watanabe, Vice-President, Research Institute of Economy, Trade, and Industry (RIETI)
• Gita Wirjawan, Former Trade Minister, Indonesia
• Deny Wachyudi Kurnia, Consul General of Indonesia in Shanghai
• Brett Stevens, Commissioner to Greater China, State Government of Victoria, Australia
• Glenn Penaranda, Commercial Counselor at the Philippine Trade & Investment Center, Embassy of the Republic of the Philippines in China, CKGSB New Economy Leadership Program Alumnus
• Liky Sutikno, Chairman of Indonesia, Chamber of Commerce in China
• Loh Wee Keng, Chairman of Malaysian Chamber of Commerce and Industry in China
• Suan Teck Kin, CFA, Head of Research, Executive Director, Global Economics and Markets Research, United Overseas Bank (UOB)
• Cyrillus Harinowo, Independent Commissioner of BCA Bank, CKGSB ASEAN Global Leadership Program, Alumnus of CKGSB
• Saran Song, Co-Founder, and CEO of Amru Rice (Cambodia) Co. Ltd, CKGSB ASEAN Global Leadership Program Alumnus of CKGSB
• Michel D. Yoon, Head of Global Company Research, Fortune Korea of CKGSB
• Deddi Tedjakumara, CEO of Prasetiya Mulya, Executive Learning Institute

Find the latest news on Indonesia in English on JakartaDaily.id, available on Google News

***