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ASEAN: Regional Integration and Reforms

Author

Listed:
  • Mari PANGESTU

    (Faculty of Economics, University of Indonesia)

  • Lili Yan ING

    (Economic Research Institute for ASEAN and East Asia (ERIA) and University of Indonesia)

Abstract

Over recent decades, the Association of Southeast Asian Nations (ASEAN) has advanced a policy of regional integration, starting with the ASEAN Free Trade Area, followed by the ASEAN+1 free trade agreements with its six main trading partners, and now with ASEAN+6. For ASEAN to further advance regional integration in the East Asian context, it should continue to focus on trade in goods, investment, and services, to smooth out the process of trade creation and investment realisation. East Asian integration is designed not to be just an ‘extensive regional trade agreement’, but more a ‘responsive vehicle’ that consists of trade and investment commitments combined with facilitation, to improve the effectiveness of the implementation of trade and investment agreements and the liberalisation agenda for all members. To keep regional integration viable, it should adopt an open regionalism policy.

Suggested Citation

  • Mari PANGESTU & Lili Yan ING, 2015. "ASEAN: Regional Integration and Reforms," Working Papers DP-2015-69, Economic Research Institute for ASEAN and East Asia (ERIA).
    • Handle: RePEc:era:wpaper:dp-2015-69
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    References listed on IDEAS

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    10. Mari Pangestu & Sjamsu Rahardja & Lili Yan Ing, 2015. "Fifty Years Of Trade Policy In Indonesia: New World Trade, Old Treatments," Bulletin of Indonesian Economic Studies, Taylor & Francis Journals, vol. 51(2), pages 239-261, August.
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    13. Kazunobu HAYAKAWA & Nuttawut LAKSANAPANYAKUL & Shujiro URATA, 2015. "Firm-level Impact of Free Trade Agreements on Import Prices," Working Papers DP-2015-33, Economic Research Institute for ASEAN and East Asia (ERIA).
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    16. Venkatachalam ANBUMOZHI & Alex BOWEN & Puthusserikunnel Devasia JOSE, 2015. "Market-Based Mechanisms to Promote Renewable Energy in Asia," Working Papers DP-2015-30, Economic Research Institute for ASEAN and East Asia (ERIA).
    17. Misa OKABE, 2015. "Impact of Free Trade Agreements on Trade in East Asia," Working Papers DP-2015-01, Economic Research Institute for ASEAN and East Asia (ERIA).
    18. Rully PRASSETYA & Ponciano INTAL Jr, 2015. "AEC Blueprint Implementation Performance and Challenges: Standards and Conformance," Working Papers DP-2015-42, Economic Research Institute for ASEAN and East Asia (ERIA).
    19. repec:tpr:journl:edfpol:v:14:y:2015:i:2:p:71-90 is not listed on IDEAS
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    22. Sudarno SUMARTO & Sarah MOSELLE, 2015. "Addressing Poverty and Vulnerability in ASEAN: An Analysis of Measures and Implications Going Forward," Working Papers DP-2015-63, Economic Research Institute for ASEAN and East Asia (ERIA).
    23. Erlinda M. MEDALLA, 2015. "Towards an Enabling Set of Rules of Origin for the Regional Comprehensive Economic Partnership," Working Papers DP-2015-03, Economic Research Institute for ASEAN and East Asia (ERIA).
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    Cited by:

    1. Mari Pangestu & Lili Yan Ing, 2016. "ASEAN: Regional Integration and Reforms," Asian Economic Papers, MIT Press, vol. 15(2), pages 44-60, Summer.
    2. Raju, Arun & Roy, Partho S, 2019. "Renewable Natural Gas Research Center Project," Institute of Transportation Studies, Working Paper Series qt0055g3kb, Institute of Transportation Studies, UC Davis.
    3. Mohsen Bahmani-Oskooee & Muhammad Aftab, 2017. "Asymmetric Effects of Exchange Rate Changes and the J-curve: New Evidence from 61 Malaysia–Thailand Industries," Review of Development Economics, Wiley Blackwell, vol. 21(4), pages 30-46, November.
    4. repec:era:wpaper:dp-2015-72 is not listed on IDEAS
    5. Felten, Björn & Weber, Christoph, 2018. "The value(s) of flexible heat pumps – Assessment of technical and economic conditions," Applied Energy, Elsevier, vol. 228(C), pages 1292-1319.

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    More about this item

    Keywords

    ASEAN; integration; global value chains; free trade agreement; reforms;
    All these keywords.

    JEL classification:

    • F1 - International Economics - - Trade
    • F14 - International Economics - - Trade - - - Empirical Studies of Trade
    • F15 - International Economics - - Trade - - - Economic Integration
    • F6 - International Economics - - Economic Impacts of Globalization

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