International Conference on Eurasian Economies
24-25 August 2021 – Istanbul, TURKEY and ONLINE
Paper properties
Paper ID : 2577
Status : Paper submitted to journal
Language : Turkish
Topic : International Trade and Globalization
Presenter: Ph.D. candidate Fatma Uzunses
Session : 2B Uluslararası Ticaret
Regional Comprehensive Economic Partnership Agreement and the European Union-China Comprehensive Agreement on Investment within the Framework of New Searches in COVID-19 Pandemic and the World Economy: An Eco-Political Analysis
COVID-19 Pandemisi ve Dünya Ekonomisinde Yeni Arayışlar Çerçevesinde Bölgesel Kapsamlı Ekonomik Ortaklık Anlaşması ve Avrupa Birliği-Çin Kapsamlı Yatırım Anlaşması: Bir Ekonomi-Politik Tahlil
- Prof. Dr. İsmail Hakkı İşcan (Bilecik Şeyh Edebali University , Türkiye)
- Ph.D. candidate Fatma Uzunses (Bilecik Şeyh Edebali University, Türkiye)
Abstract
The Regional Comprehensive Economic Partnership Agreement (RCEP), which is seen as the world's largest free trade agreement among ten ASEAN countries from the Asia-Pacific region and five non-regional countries, was signed on November 15, 2020. On the other hand, the European Union (EU) and China are the two most important countries in international trade. China and Europe trade on average over 1 billion Euros per day. The EU-China Comprehensive Agreement on Investment (CAI), signed on December 30, 2020, has provided the parties with the opportunity to open their markets to each other, and the Chinese side has granted quite extensive concessions to the EU. As a result the pandemic period, China's joint ventures with Asian countries and the EU are important for both parties in terms of reducing the economic cost of uncertainty. Also the new administration of the USA will take a stand against the possible contraction in world trade and the competition of China and/or the EU.
JEL codes: F02, F13, F53
Session 2B: Uluslararası Ticaret
