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Asia-Latin America Free Trade Agreements : An Instrument for Inter-Regional Liberalization and Integration?

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  • Ganeshan Wignaraja

    (Asian Development Bank Institute (ADBI))

  • Dorothea Ramizo
  • Luca Burmeister
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    Abstract

    Trade integration and free trade agreement (FTA)-led cooperation between Asia and Latin America has increased since the early 2000s. Using new criteria, this paper examines whether Asia-Latin America FTAs have facilitated market-led integration by liberalizing trade and behind the border regulatory barriers. Overall Asia-Latin America FTAs provide the foundations for inter-regional integration by liberalizing goods and services trade as well as some regulatory barriers. Future FTAs can support deeper integration by reducing residual regulatory barriers. Other policy priorities include forming a large inter-regional FTA, stimulating business use of FTAs and accelerating structural reforms.

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    File URL: http://www.eaber.org/node/23332
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    Bibliographic Info

    Paper provided by East Asian Bureau of Economic Research in its series Governance Working Papers with number 23332.

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    Date of creation: Sep 2012
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    Handle: RePEc:eab:govern:23332

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    Web page: http://www.eaber.org
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    Related research

    Keywords: Trade integration; Free Trade Agreement; Asia-Latin America FTAs; regulatory barriers; inter-regional integration; behind the border;

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