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최신자료
The Determinants of Product-Specific Rules of Origin: An Econometric Analysis in the Regional Comprehensive Economic Partnership
ADB
2024.01.31
Rules of origin differ among overlapping free trade agreements, raising firm compliance costs, discouraging utilization of trade preferences, and hindering regional value chains.
This study exploits a unique dataset comparing the restrictiveness of product-specific rules of origin (PSRO) between the Regional Comprehensive Economic Partnership (RCEP) and other free trade agreements in Asia based on manufacturing requirements. Using maximum-likelihood models, the econometric analysis shows that economic sectors, political economy determinants, and negotiating capacities significantly influence PSRO stringency under the RCEP.