Sithanonxay Suvannaphakdy

Sithanonxay Suvannaphakdy

Lead Researcher, ASEAN Studies Centre, ISEAS – Yusof Ishak Institute

Sithanonxay Suvannaphakdy (PhD) is an economist with more than seven years research experience in regional economic integration, economic development, and public administration. His career has focused on research and project management in trade, economic development and sustainable development programs. These cover multiple scales including project, program, national and regional scales. He works extensively with the private sector, public sector, bilateral development agencies and multilateral financial institutions. Since January 2020, he has served as a Lead Researcher at the ASEAN Studies Centre, ISEAS – Yusof Ishak Institute, where he undertakes policy-oriented research on ASEAN’s economic integration with particular focus on ASEAN Economic Community (AEC).

Pedestrians along Nanjing Road near the Bund in Shanghai, China, on 27 February 2022. (Qilai Shen/Bloomberg)

Chinese membership in the CPTPP: Greater benefits than downside risks

A study has shown that if China joins the CPTPP, global income gains from the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) will quadruple to US$632 billion annually. With an eye to the economic benefits, a majority of Southeast Asians view China's membership of the CPTPP positively, the 2022 State of Southeast Asia survey report finds. ISEAS researcher Sithanonxay Suvannaphakdy further notes that Chinese membership of the CPTPP will help to ease China-US trade tensions. However, there are concerns about China's ability to abide by the rules of the CPTPP.