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Impact of China's Accession to the Bangkok Agreement on Intraregional Trade Flows

Author

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  • Ravi Ratnayake

    (Trade Policy Section, International Trade and Industry Division, UN ESCAP Email: ratnayaker@un.org)

Abstract

Regional Trading Arrangements (RTAs) have been recognized as useful building blocks of a broader trade liberalization strategy over the past two decades with nearly 150 RTAs notified to the WTO. The Bangkok Agreement (BA) established in 1975 is one of the oldest among them. BA was established to promote intra regional trade through exchange of tariff concessions by Bangladesh, India, Sri Lanka, the Republic of Korea and Lao PDR. China has recently acceded to BA. Due to limited membership and product coverage BA has had limited success in promoting intraregional trade in the past. The accession of China is expected to inject dynamism to it. This article examines the impact of China's accession to the Bangkok Agreement on other member countries. The analysis of the article shows that accession of China is likely to generate vast trading opportunities for the current member countries of BA.

Suggested Citation

  • Ravi Ratnayake, 2002. "Impact of China's Accession to the Bangkok Agreement on Intraregional Trade Flows," South Asia Economic Journal, Institute of Policy Studies of Sri Lanka, vol. 3(2), pages 147-162, September.
    • Handle: RePEc:sae:soueco:v:3:y:2002:i:2:p:147-162
    DOI: 10.1177/139156140200300202
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    References listed on IDEAS

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    1. Sam Laird & Alexander Yeats, 1990. "Quantitative Methods for Trade-Barrier Analysis," Palgrave Macmillan Books, Palgrave Macmillan, number 978-1-349-11141-1.
    2. Kelegama, Saman, 2001. "Bangkok agreement and BIMSTEC: crawling regional economic groupings in Asia," Journal of Asian Economics, Elsevier, vol. 12(1), pages 105-121.
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    Cited by:

    1. Dilip K. Das, 2008. "South Asia's Integration with the Rest of Asia: a survey," Asian-Pacific Economic Literature, The Crawford School, The Australian National University, vol. 22(1), pages 25-40, May.

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