FTA, Free trade agreement, China RCEP
Transcript of FTA, Free trade agreement, China RCEP
China’s Goal
1.3 Regional Comprehensive Partnership Pact
Shawn Goh
Revival of Silk Road
The Future of Global Commerce
Singaporean Alumni NYU & Columbia ‘15
CHINA’s RCEP
Regional Comprehensive Economic Partnership
Key Competitor CHINA Key Exports 2013
• EU rose 17% in July, ’14 from July ’13
• U.S. jumped 12.3 %, the biggest gain since Nov. 08
• ASEAN gained 11.9 %. The trade surplus for the first 7mths widened to $150.6B from $125.9B in 2012. The previous surge in trade surplus was in monthly record was $40.1B in November 2008. RCEP-FTA: “Counter-weight”
~Based on customs data compiled by Bloomberg ‘14
Competitive Landscape China’s Revival Silk Road
Historical Trading Route
Competitive Landscape Up-coming Trading Routes
Competitive Landscape Up-coming Trading Routes
Regional Comprehensive Economic Partnership
Competitive Landscape Up-coming Trading Routes
RCEP Regional Comprehensive Economic Partnership
Global Trends
Market Size: Over 3B people 45% of global population
Combine GDP: $17.23 Trillion USD, 1/3 or global GDP
FTA will integrate through ASEAN + 1
China’s Counterweight to TPP
ASEAN, Australia, China, India, Japan, Korea & New Zealand