Why do ASEAN Countries, Japan and South Korea Join Both IPEF and RCEP

Abstract

In recent years, the world economy has gradually emerged the phenomenon of anti-globalization, especially the trade frictions between China and the United States and since 2020. Since the beginning of the year, the global pandemic of the novel coronavirus has caused a serious blow to the world's economic system, especially the transnational trade, which has almost completely stopped due to Covid-19, and the trade friction between China and the United States has not changed. This paper takes the post-epidemic era and the Sino-US trade war as the background of the great era, and from the perspective of ASEAN countries, Japan, and South Korea, through SWOT analysis and other methods, studies how these countries seize the current opportunities, especially those from. The opportunities of IPEF and RCEP take the lead in realizing the economic recovery after the epidemic.