Korea Trade Review (무역학회지)

Korea Trade Research Association (한국무역학회)
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An Analysis of Intra-Regional Trade and Backward Linkages on Global Value Chains among the RCEP Members

RCEP 참여국의 역내 무역 및 후방참여 연계성 분석

  • Hyun-Jung Choi (Department of International Trade and Business, Kangwon National University) ;
  • Hyun-Hoon Lee (Department of International Trade and Business, Kangwon National University)
  • 최현정 (강원대학교 국제무역학과) ;
  • 이현훈 (강원대학교 국제무역학과)
  • Received : 2021.07.31
  • Accepted : 2021.08.29
  • Published : 2021.08.30
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Abstract

The Regional Comprehensive Economic Partnership (RCEP) signed by the 15 Asian countries in 2020 forms the world's largest free trading bloc. Using data for the period 2001 - 2019, this study evaluates global value chains (GVCs) among the RCEP members, with a primary focus on GVC backward participation which involves imports intermediates embodied in exports. This study finds that the RCEP's intra-regional linkages, particularly with the ASEAN members, are significantly higher than its extra-regional linkages in trade and GVC backward participation. Among the individual RCEP member countries, Korea is found to have a particularly strong intra-regional linkages with the ASEAN members in both trade and GVC participation.

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