This paper develops a new model of a trade agreement that puts at center stage the competing interests between firms within a sector. Larger firms favor trade liberalization whereas smaller firms favor protection. Lobbying by firms for or against the agreement is modelled as an all-pay auction, thus incorporating the feature that binding contracts over contributions for policies cannot be writt...

RCEP was initiated by ASEAN in 2012. After eight years of negotiations, it established 15 members 10 countries including China, Japan, South Korea, Australia, New Zealand and ASEAN. This agreement has injected strong impetus into member state economic development. By comparing analyzing the trade volume agricultural products between China its 2021 2022, this paper finds that under influence RCE...

In pursuing policies of trade liberalisation and growth promotion within the framework of regional economic integration, WTO membership and globalisation, major Asian economies had achieved economic ‘miracles’ in the past decades. Recently however, they face many challenges, economically and politically (Tran Van Hoa, 2002), compounded by a global (especially the US) economic slowdown (IMF, 200...