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provides the incentive to do so. There are, however, two concerns that could affect
this objective. First, failure to bring the COVID-19 pandemic under control. Second,
a slowing of global economic growth. Either individually or in combination it is
possible that one or more countries may feel their economies are not strong
enough at the moment to join RECP.
RCEP is very important to Australia particularly since President Trump pulled the
U.S. out of the Trans-Pacific Partnership. Australia needs all the insulation it can
get for its economy through multilateral efforts that promote trade by lowering
tariffs and restrictions on trade. Australia sees benefit in belonging to a wide
regional arrangement as this will impose some restraints on China’s behaviour and
make it more predictable.
Suggested citation: Carlyle A. Thayer, “ASEAN 36th Summit: Key Issues,” Thayer
Consultancy Background Brief, June 25, 2020. All background briefs are posted on
Scribd.com (search for Thayer). To remove yourself from the mailing list type,
UNSUBSCRIBE in the Subject heading and hit the Reply key.
Thayer Consultancy provides political analysis of current regional security issues and
other research support to selected clients. Thayer Consultancy was officially
registered as a small business in Australia in 2002.