The Influence of Regional Cooperation on Export Potential of the APEC 54 List of RCEP Countries

Abstract

This study shows quantitatively how much benefit each member countries within the RCEP grouping will gain in terms of increased not only actual but also potential exports in low-carbon energy and green goods (LEG). The empirical results using data on LEG trade by RCEP member countries from 2011 to 2014 indicate that regional cooperation along with free trade in LEG would increase both actual and potential exports of LEG of all RCEP member countries. The policy implication is that RCEP countries within the regional framework should work seriously and consistently to eliminate not only tariffs, but more importantly non-tariff barriers within the grouping to promote the use of LEG. Show more