Katana VentraIP

Comprehensive Economic Partnership for East Asia

The Comprehensive Economic Partnership for East Asia (CEPEA) is a Japanese led proposal for trade co-operation, free trade agreement, among the 16 present member countries of the East Asia Summit. All those movements and efforts were taken over by the following Regional Comprehensive Economic Partnership.[1]

Southeast Asia

Timor-Leste

East Asia

China

South Asia

India

The 16 countries are:

East Asia Free Trade Agreement[edit]

13 of the 16 nations (excluding India, Australia and New Zealand) are also simultaneously negotiating an East Asia Free Trade Area.[11]


The two processes are not alternatives and both are being pursued simultaneously[12]

  • the came into force on 1 January 2010;
  • a comprehensive economic partnership agreement with Japan[13] came into force on 1 December 2008;
  • the ASEAN Korea Free Trade Agreement,[14] the trade in goods provisions came into effect on 1 June 2007, an agreement for trade in services was signed in 2007 and the trade in investments provisions were signed in 2009;[15]
  • a free trade agreement with Australian and New Zealand (jointly) AANZFTA[16] that came into force on 1 January 2010;
  • the ASEAN-India Trade in Goods (TIG) Agreement came into effect on 1 January 2010.[17] India has formally signed the Trade in Services & Trade in Investments Agreement with ASEAN. The Services Agreement will open up opportunities of movement of both manpower and investments from either side between India and ASEAN. Nine out of ten ASEAN countries have signed the same. Philippines is completing its domestic procedure and it is expected to sign soon;[17]
  • ASEAN–China Free Trade Area

    The 16 members are presently involved in a series of separate arrangements among the members of the grouping. The 10 members ASEAN have established the ASEAN Free Trade Area. Australia and New Zealand have the long established Closer Economic Relations.


    Between the 16 members bilateral and multilateral arrangements are in place or under negotiation.


    ASEAN has the following arrangements in place:


    plus China, Japan and South Korea are researching (as at October 2009) a joint arrangement between the three countries (China–Japan–South Korea Free Trade Agreement) with talks hoped to commence in 2012;[18]


    plus


    China has the following additional arrangements in place:


    plus


    Japan has the following additional arrangements in place:


    plus


    South Korea has the following additional arrangements in place:


    plus


    Australia has the following additional arrangements in place:


    plus


    India has the following additional arrangements in place:


    plus


    multiple additional bilateral arrangements between one or more ASEAN members separately.


    In addition individual members of ASEAN may also have other arrangements in place beyond the arrangements negotiated by ASEAN as a bloc i.e., Singapore by itself outside of ASEAN has a series of FTAs.[33]

    East Asian Community

    East Asia Summit

    Rules of Origin

    Market access

    Free-trade area

    Tariffs

    (A free tool developed by International Trade Centre, which identify customs tariffs, tariff rate quotas, trade remedies, regulatory requirements and preferential regimes applicable to products, including Comprehensive Economic Partnership for East Asia)

    Market Access Map

    (A free tool jointly developed by International Trade Centre, World Trade Organization and World Customs Organization which enables traders to find specific criteria and general origin requirements applicable to their products, understand and comply with them in order to be eligible for preferential tariffs. The tool is very useful for traders who want to gain benefit from Comprehensive Economic Partnership for East Asia)

    Rules of Origin Facilitator