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RCEP –
Seize your Opportunity

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KEY FINDINGS

01

  • The entire Asian-Pacific region - including China - has committed to improve trade links between countries to lay the foundations for higher economic growth
  • RCEP is the largest free trade agreement in history with its member countries accounting for about 31% of global GDP and about 30% of global population

02

  • RCEP’s objective is to facilitate the expansion and liberalization of trade for about 92% of regional goods and 65% of all service sectors
  • Products with 40% value added and/or sourced content from within the RCEP region qualify as localized under the cumulation rule and are treated as originating goods

KEY FINDINGS

03

  • Many RCEP members are party to international investment agreements and bilateral FTAs
  • The RCEP countries have introduced a simplified rule book that addresses non-tariff trade barriers to accelerate trade
  • Still, critics have observed that RCEP falls short behind the gold standard of CPTPP on intellectual property, government procurement, labor law or environmental regulations.

04

  • China contributes with 17.7 tln. USD approximately 60% to RCEP's GDP.
  • China’s five-year GDP growth of 58% stands out compared to ASEAN and Germany with both 22% and the World with 20%.

KEY FINDINGS

05

  • Strong economical bond between Germany and RCEP countries exist already
  • 13% (173 bn. €) of all German exports are sent to RCEP countries
  • 17% (192 bn. €) of all German imports coming from RCEP countries
  • 178 bn. € in foreign direct investment (FDI)
  • 1,3 mio. Employees
  • 5,000 companies

06

  • RCEP offers an interesting opportunity with increasing future potential for European companies.
  • One way is to tap into RCEP’s trade zone by utilizing already existing FTAs and new upcoming ones, which are currently in negotiation between the EU and individual RCEP members
  • The key advantage of RCEP for Western companies is the opportunity to balance their investments in the Asia-Pacific region against an overly large exposure to China

KEY FINDINGS

07

  • astutus consult’s and Vindelici’s connections in the RCEP region, and representations in Malaysia and Shanghai, makes securing high value contacts, understanding the region, and developing multi-national supply chains an uncomplicated endeavor
  • We support you in diversifying local production, value- and supply chains in the ASEAN and RCEP region
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Carsten Bauer

Christoph Stürmer

Mark Braun

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