Regional Comprehensive Economic Partnership(RCEP)is the world’s largest regional trade agreement,signed by ten ASEAN countries and five regional trade partners.In January 2022,the RCEP officially took effect,which not only marks the triumph of multilateral cooperation,but more importantly,will be significant contributor to global economy.At present,facing the wave of digital globalization,RCEP could put more emphasis on the international cooperation in technology innovation,digital infrastructure,and cross-border e-commerce,making digital economy boost RCEP’s goal to deeper economic integration.Member states can achieve long term success through jointly establishing cooperation mechanism on digital economy,and working to build community with digital sharing for RCEP parties,which also help revive economic strength in the big recession caused by COVID-19 pandemic.Furthermore,this study finds that the former“Tiger Cub”economies which are Indonesia,Thailand,Malaysia,and Philippines stand a credible chance of becoming the new“Tiger Cub”economies in Asia-Pacific,for their rapidly rising digital markets.
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