- Jürgen Matthes / Galina Kolev ·
- IW-Policy Paper Nr. 28 ·
- 21 December 2020
RCEP: What the trade agreement means for the EU and the German economy
RCEP is relevant for Europe, but it is over-estimated in some respects. Compared with EU trade agreements, trade liberalisation remains low. This is mainly because, already before, about five sixths of intraregional trade took place between partners under bilateral free trade agreements (FTAs), so that tariffs reduction is low overall.