The Free Trade Area Of The Asia- Pacific : A Constructive Approach To Multilateralizing Asian Regionalism
AbstractThis paper examines the prospect of realizing regional economic integration via the mechanism of a Free Trade Area of the Asia-Pacific (FTAAP). The FTAAP initiative represents a politically ambitious, high potential benefit option for achieving Asian regional integration. Among its desirable attributes, the FTAAP initiative could help revive and promote a successful conclusion of the Doha Round negotiations; constitute a â€œPlan Bâ€ hedge if Doha fails; short-circuit the further proliferation of bilateral and sub-regional preferential agreements that create substantial new discrimination and discord within the Asia-Pacific region; defuse the renewed risk of â€œdrawing a line down the middle of the Pacificâ€ as East Asian, and perhaps the Western Hemisphere, initiatives produce disintegration of the Asia-Pacific region rather than the integration of that broader region that the Asia-Pacific Economic Cooperation (APEC) forum was created to foster; channel the Peopleâ€™s Republic of China (PRC)-United States economic conflict into a more constructive and less confrontational context; and revitalize APEC, which is of enhanced importance because of the prospects for Asia-Pacific and especially the PRC-US fissures. An incremental approach to the FTAAP, explicitly embodying enforceable reciprocal commitments, offers the best hope delivering on the conceptâ€™s abundant benefits.
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Bibliographic InfoPaper provided by East Asian Bureau of Economic Research in its series Trade Working Papers with number 23200.
Date of creation: Dec 2011
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Regional Economic Integration; free trade area; the Asia-Pacific; Asian regionalism; APEC;
Other versions of this item:
- Bergsten, C. Fred & Noland, Marcus & Schott, Jeffrey J., 2011. "The Free Trade Area Of The Asia-Pacific: A Constructive Approach To Multilateralizing Asian Regionalism," ADBI Working Papers, Asian Development Bank Institute 336, Asian Development Bank Institute.
- C. Fred Bergsten & Marcus Noland & Jeffrey J. Schott, 2011. "The Free Trade Area Of The Asia- Pacific : A Constructive Approach To Multilateralizing Asian Regionalism," Governance Working Papers 23200, East Asian Bureau of Economic Research.
- O16 - Economic Development, Technological Change, and Growth - - Economic Development - - - Financial Markets; Saving and Capital Investment; Corporate Finance and Governance
- O53 - Economic Development, Technological Change, and Growth - - Economywide Country Studies - - - Asia including Middle East
- R11 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Regional Economic Activity: Growth, Development, Environmental Issues, and Changes
This paper has been announced in the following NEP Reports:
- NEP-ALL-2012-03-14 (All new papers)
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