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Abstract
The author discusses the process of growing dualism in the Pacific Rim, which manifests itself in the creation of two competing trade and economic projects in the region, led by China and the United States. The article makes a comparative assessment of benefits for Russia from convergence with these competing Pacific Rim projects. The author argues that for Russia, the competition is largely illusory, given the tightly integrated corporate structures in the region. A significant change in the structure of trade that would require a reduction of institutional barriers is needed.
Notes
1. The TTP initially included Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, the United States, and Vietnam.
2. The RCEP may include the following countries: Brunei, Vietnam, Indonesia, Cambodia, Laos, Malaysia, Myanmar, Singapore, Thailand, the Philippines, China, Japan, South Korea, India, New Zealand, and Australia.
3. These countries include Indonesia, Columbia, South Korea, Thailand, Taiwan, and the Philippines.
4. Given the possible increase in the number of member countries, in future TTP will be understood as the initial format of the agreement, and TPP+ as its expanded format, also including Indonesia, Columbia, South Korea, Thailand, Taiwan, and the Philippines.
5. In conversion, the following coefficients were used: anti-dumping—0.25; quota allocation—0.6; prohibition of deliveries—2 [Citation25]. According to the results of the estimation, the ad valorem equivalent of non-tariff limitations came to: anti-dumping—up to 40%; quota allocation—up to 100%; direct prohibition of deliveries—up to 350%.
6. Given the possibility of China joining the RCEP, the full import duty within this association may be higher than in the TPP and TPP+.