China’s Goal 1.3 Regional Comprehensive Partnership Pact Shawn Goh Revival of Silk Road The Future of Global Commerce Singaporean Alumni NYU & Columbia ‘15
Jul 14, 2015
China’s Goal
1.3 Regional Comprehensive Partnership Pact
Shawn Goh
Revival of Silk Road
The Future of Global Commerce
Singaporean Alumni NYU & Columbia ‘15
CHINA’s RCEP
Regional Comprehensive Economic Partnership
Key Competitor CHINA Key Exports 2013
• EU rose 17% in July, ’14 from July ’13
• U.S. jumped 12.3 %, the biggest gain since Nov. 08
• ASEAN gained 11.9 %. The trade surplus for the first 7mths widened to $150.6B from $125.9B in 2012. The previous surge in trade surplus was in monthly record was $40.1B in November 2008. RCEP-FTA: “Counter-weight”
~Based on customs data compiled by Bloomberg ‘14
Competitive Landscape China’s Revival Silk Road
Historical Trading Route
Competitive Landscape Up-coming Trading Routes
Competitive Landscape Up-coming Trading Routes
Regional Comprehensive Economic Partnership
Competitive Landscape Up-coming Trading Routes
RCEP Regional Comprehensive Economic Partnership
Global Trends
Market Size: Over 3B people 45% of global population
Combine GDP: $17.23 Trillion USD, 1/3 or global GDP
FTA will integrate through ASEAN + 1
China’s Counterweight to TPP
ASEAN, Australia, China, India, Japan, Korea & New Zealand