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The Influence of Regional Cooperation on Export Potential of the APEC 54 List of RCEP Countries

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Investing on Low-Carbon Energy Systems

Abstract

This study shows quantitatively how much benefit each member countries within the RCEP grouping will gain in terms of increased not only actual but also potential exports in low-carbon energy and green goods (LEG). The empirical results using data on LEG trade by RCEP member countries from 2011 to 2014 indicate that regional cooperation along with free trade in LEG would increase both actual and potential exports of LEG of all RCEP member countries. The policy implication is that RCEP countries within the regional framework should work seriously and consistently to eliminate not only tariffs, but more importantly non-tariff barriers within the grouping to promote the use of LEG.

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Notes

  1. 1.

    Global value chains are typically created by integrating goods and services from various countries into one composite production network to produce a single product or service.

  2. 2.

    A detailed discussion on the APEC list of environmental goods can be seen in Reinvang (2014). One of the important aspects of the APEC list from the sustainable development point of view is that it includes environmental goods components that facilitates developing countries to participate in global value chains.

  3. 3.

    It is worth noting that APEC has historically played a major role in the international governance arena as an ‘incubator’ of pioneering initiatives concerning trade and trade policies (Drysdale 2009). For example, the World Trade Organisation’s (WTO) Information Technology Agreement (ITA), which came into force in 1997 with the objective of eliminating all taxes and tariffs on information technology products by signatories, was significantly influenced by the APEC-led processes (Vossenaar 2013).

  4. 4.

    An example of such technologically superior energy-efficiency relevant product is light emitting diodes (LEDs). The International Energy Agency (IEA) confirms that lighting accounts for about 19 % of global electricity production. If LED is used wordwide, then it would save electricity consumption by about 40 %.

  5. 5.

    Sugathan (2013) has provided a brief, but comprehensive comparison of the WTO 153 list, the OECD list, and the APEC 54 list of environmental goods.

  6. 6.

    During the 19th ASEAN Summit in November 2011, the Regional Comprehensive Economic Partnership (RCEP) was introduced.

  7. 7.

    A preliminary estimation revealed that the coefficients of the variables of ‘common language’ and ‘common borders’ were not statistically significant. Hence, these variables were dropped from the final estimation.

  8. 8.

    WTO’s TBT Agreement (Article 6.3) encourages members to reach agreements on mutual recognition of results of each other’s conformity assessment procedures.

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Author information

Authors and Affiliations

  1. The Australian National University, Canberra, Australia

    Kaliappa Kalirajan

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  1. Kaliappa Kalirajan
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Correspondence to Kaliappa Kalirajan .

Editor information

Editors and Affiliations

  1. Economic Research Institute for ASEAN and East Asia (ERIA), Jakarta, Indonesia

    Venkatachalam Anbumozhi

  2. Crawford School of Public Policy, Australian National University, Canberra, Australia

    Kaliappa Kalirajan

  3. Faculty of Economics, Keio University, Tokyo, Japan

    Fukunari Kimura

  4. Asian Development Bank, Manila, Philippines

    Xianbin Yao

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Kalirajan, K. (2016). The Influence of Regional Cooperation on Export Potential of the APEC 54 List of RCEP Countries. In: Anbumozhi, V., Kalirajan, K., Kimura, F., Yao, X. (eds) Investing on Low-Carbon Energy Systems. Springer, Singapore. https://doi.org/10.1007/978-981-10-0761-3_13

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  • DOI: https://doi.org/10.1007/978-981-10-0761-3_13

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  • Publisher Name: Springer, Singapore

  • Print ISBN: 978-981-10-0760-6

  • Online ISBN: 978-981-10-0761-3

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