Abstract This article provides a detailed economic and legal analysis of the Regional Comprehensive Economic Partnership (RCEP) with regard to foreign investment with the objective to give an assessment of the impact of this new treaty on investment policies and flows in the Asia-Pacific region. Part One analyzes recent foreign direct investment flows in the ASEAN+ 6 countries, focusing on sectors of rapid growth and participation in global value chains and offers an overview of the RCEP rules on investment from an economic and legal perspective. Part Two analyzes the impacts of deep integration agreements on investment, as in the ASEAN Comprehensive Investment Agreement and RCEP’s rules on investment, with particular emphasis on the actual and potential role of small and medium-sized enterprises. The final section looks forward, with best case and plausible-scenario analysis of future impacts on FDI within RCEP, if deep integration progresses among the 16 countries.

中文翻译：

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RCEP与世界贸易格局的变化

摘要本文提供了有关外国投资的区域全面经济伙伴关系（RCEP）的详细经济和法律分析，目的是评估该新条约对亚太地区投资政策和资金流动的影响。第一部分分析了东盟+ 6国家最近的外国直接投资流量，重点关注快速增长的部门和参与全球价值链的过程，并从经济和法律角度概述了RCEP投资规则。第二部分分析了深度整合协议对投资的影响，例如《东盟全面投资协议》和RCEP的投资规则，其中特别强调了中小企业的实际和潜在作用。最后一节展望