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Preferential Trade Agreements in the Asia-Pacific Region

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  • Tubagus Feridhanusetyawan
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    Abstract

    Preferential trade agreements (PTAs) in the Asia-Pacific region have proliferated rapidly over the past five years and are creating a complex web of intersecting bilateral and regional trade agreements. This paper describes the proliferation of these PTAs, discusses their characteristics and implementation, and assesses their potential effects. Realizing the potential gains from Asia-Pacific PTAs requires a commitment to liberalize sensitive sectors, to maintain consistent provisions, and to enforce agreements. Other factors, including administrative complications, also could undermine any potential gains.

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    Bibliographic Info

    Paper provided by International Monetary Fund in its series IMF Working Papers with number 05/149.

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    Length: 40
    Date of creation: 01 Jul 2005
    Date of revision:
    Handle: RePEc:imf:imfwpa:05/149

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    Keywords: Asia; Trade; rules of origin; regional trade; trade agreements; free trade; tariff reduction; economic cooperation; trade agreement; trade liberalization; regionalism; economic integration; bilateral agreements; open regionalism; tariff reductions; tariff rates; free trade agreement; investment liberalization; mutual recognition; preferential trade; national treatment; preferential tariff; trade diversion; regional trade agreements; free trade area; trade area; trade facilitation; free labor; trade in services; free labor mobility; preferential trading; preferential agreements; tariff lines; world trade; intraregional trade; regional integration; trade intensity; bilateral trade; bloc trade; nontariff barriers; common market; preferential trade agreements; bilateral trade agreements; regional agreements; unilateral liberalization; multilateral trade; member country; open trade; intra-regional trade; export subsidies; multilateral liberalization; liberal rules; regional cooperation; regional trade arrangements; trade bloc; multilateralism; trade arrangements; intrabloc trade; trade flows; competition policy; trade negotiations; mfn tariffs; external tariffs; elimination of tariffs; trading system; agreement on trade; trade restrictions; international trade; dispute settlement; trade barriers; increasing integration; preferential tariff reduction; world trade organization; intra-asean trade; negotiating parties; economic community; tariff data; quantitative restrictions; regional integration agreements; average tariff; regional approach; trade regimes; tariff levels; dispute settlement mechanism; regional trade agreement; economic partnership agreement; preferential trade liberalization; trading partners; preferential treatment; preferential trading agreements; trading agreements; trading arrangement; multilateral trade liberalization; trade integration; trading agreement; multilateral trade negotiations; trading arrangements; most-favored-nation; intellectual property; preferential trade agreement; transition period; andean pact; external tariff; equitable treatment; expanding trade; trade policies; safeguard measures; reciprocal basis; tariff heading; free trade in goods; regional system; trade block; tariff concessions; free trade areas; extra-regional trade; safeguard actions; external trade policies; merchandise trade; external trade; bilateral trade agreement; multilateral approach; discriminatory measures; nonbinding basis; preferential agreement; zero tariff; unilateral trade; preferential arrangement; regional grouping; export prospects; investor protection; policy harmonization; process of trade integration; regional approaches; nonpreferential trade; market integration; free flow; average tariffs; world economy; trade facilitation measures; regional trading arrangements; preferential trading arrangements; border barriers; intermediate inputs; trade relations; regional value content; regional initiatives; competitive liberalization; patterns of trade; nonpreferential trade liberalization; intra regional trade; trade areas; extra-bloc trade; global trade; agricultural liberalization; investment restrictions; evidence of trade diversion; trade liberalizations; liberalizing trade; global trading; free trade agreements; reducing tariffs; economic interdependence; global trade analysis; unilateral trade liberalization; process of liberalization; global exports; domestic providers; trade deflection; bilateral agreement; zero tariffs; international trade agreements; preferential trade arrangements; plurilateral trade agreements; open trade regime; economic union; trade regime; restrictive rules of origin; trade policy forum; trade preferences; preferential tariffs; transitional periods; preferential ? tariff;

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    1. Arvind Panagariya, 2000. "Preferential Trade Liberalization: The Traditional Theory and New Developments," Journal of Economic Literature, American Economic Association, American Economic Association, vol. 38(2), pages 287-331, June.
    2. Kathie Krumm & Homi Kharas, 2004. "East Asia Integrates : A Trade Policy Agenda for Shared Growth," World Bank Publications, The World Bank, number 15038, August.
    3. John Gilbert & Robert Scollay & Bijit Bora, 2011. "Assessing Regional Trading Arrangements in the Asia-Pacific," Working Papers 200101, Utah State University, Department of Economics and Finance.
    4. Robert Scollay, 2001. "The Changing Outlook for Asia-Pacific Regionalism," The World Economy, Wiley Blackwell, Wiley Blackwell, vol. 24(9), pages 1135-1160, 09.
    5. Anne O. Krueger, 1999. "Are Preferential Trading Arrangements Trade-Liberalizing or Protectionist?," Journal of Economic Perspectives, American Economic Association, American Economic Association, vol. 13(4), pages 105-124, Fall.
    6. Bhagwati, Jagdish & Greenaway, David & Panagariya, Arvind, 1998. "Trading Preferentially: Theory and Policy," Economic Journal, Royal Economic Society, Royal Economic Society, vol. 108(449), pages 1128-48, July.
    7. repec:rus:hseeco:123689 is not listed on IDEAS
    8. Robert Scollay & John P. Gilbert, 2001. "New Regional Trading Arrangements in the Asia Pacific?," Peterson Institute Press: Policy Analyses in International Economics, Peterson Institute for International Economics, Peterson Institute for International Economics, number pa63, November.
    9. Ng, Francis & Yeats, Alexander, 2003. "Major trade trends in East Asia : what are their implications for regional cooperation and growth," Policy Research Working Paper Series 3084, The World Bank.
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    Citations

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    Cited by:
    1. Masahiro Kawai & Ganeshan Wignaraja, 2009. "The Asian “Noodle Bowlâ€:Is It Serious for Business?," Working Papers id:1936, eSocialSciences.
    2. Innwon Park, 2009. "Regional Trade Agreements in East Asia: Will They Be Sustainable? ," Asian Economic Journal, East Asian Economic Association, East Asian Economic Association, vol. 23(2), pages 169-194, 06.
    3. Gloria O. Pasadilla, 2007. "Preferential trading agreements and agricultural liberalization in East and South-East Asia," STUDIES IN TRADE AND INVESTMENT, United Nations Economic and Social Commission for Asia and the Pacific (ESCAP), in: Studies in Trade and Investment - AGRICULTURAL TRADE - PLANTING THE SEEDS OF REGIONAL LIBERALIZATION IN ASIA, volume 60, pages 75-130 United Nations Economic and Social Commission for Asia and the Pacific (ESCAP).
    4. Institute for International Trade, 2006. "A Comparative Analysis of Trade Facilitation in Selected Regional and Bilateral Trade Agreement," Working Papers, Asia-Pacific Research and Training Network on Trade (ARTNeT), an initiative of UNESCAP and IDRC, Canada. 1706, Asia-Pacific Research and Training Network on Trade (ARTNeT), an initiative of UNESCAP and IDRC, Canada..
    5. Richard Pomfret, 2007. "Is Regionalism an Increasing Feature of the World Economy?," The World Economy, Wiley Blackwell, Wiley Blackwell, vol. 30(6), pages 923-947, 06.
    6. Mia Mikic, 2007. "Trends in preferential trade liberalization in Asia and the Pacific," STUDIES IN TRADE AND INVESTMENT, United Nations Economic and Social Commission for Asia and the Pacific (ESCAP), in: Studies in Trade and Investment - AGRICULTURAL TRADE - PLANTING THE SEEDS OF REGIONAL LIBERALIZATION IN ASIA, volume 60, pages 1-32 United Nations Economic and Social Commission for Asia and the Pacific (ESCAP).
    7. Lee, Jong-Wha & Shin, Kwanho, 2006. "Does regionalism lead to more global trade integration in East Asia?," The North American Journal of Economics and Finance, Elsevier, Elsevier, vol. 17(3), pages 283-301, December.
    8. Park, Innwon & Park, Soonchan, 2008. "Free Trade Agreements versus Customs Unions: An Examination of East Asia," MPRA Paper 11301, University Library of Munich, Germany.
    9. Hank Giokhay Lim & Kester TAY Yi-Xun, 2008. "Regional Integration and Inclusive Development: Lessons from ASEAN Experience," Working Papers, Asia-Pacific Research and Training Network on Trade (ARTNeT), an initiative of UNESCAP and IDRC, Canada. 5908, Asia-Pacific Research and Training Network on Trade (ARTNeT), an initiative of UNESCAP and IDRC, Canada..
    10. Yose Rizal Damuri & Raymond Atje & Arya B. Gaduh, 2006. "Integration and Trade Specialization in East Asia," CSIS Economics Working Paper Series, Centre for Strategic and International Studies, Jakarta, Indonesia WPE094, Centre for Strategic and International Studies, Jakarta, Indonesia.
    11. Mia Mikic, 2007. "Health-related Services in Multilateral and Preferential Trade Arrangements in Asia and the Pacific," Working Papers, Asia-Pacific Research and Training Network on Trade (ARTNeT), an initiative of UNESCAP and IDRC, Canada. 3007, Asia-Pacific Research and Training Network on Trade (ARTNeT), an initiative of UNESCAP and IDRC, Canada..
    12. Jose Daniel Rodríguez-Delgado, 2007. "Safta," IMF Working Papers 07/23, International Monetary Fund.
    13. Park, Innwon & Park, Soonchan & Kim, Sangkyom, 2010. "A Free Trade Area of the Asia Pacific (FTAAP): Is It Desirable?," MPRA Paper 26680, University Library of Munich, Germany.
    14. Patrizia Tumbarello, 2007. "Are Regional Trade Agreements in Asia Stumbling or Building Blocks? Some Implications for the Mekong-3 Countries," IMF Working Papers 07/53, International Monetary Fund.
    15. Hiro Lee & Dominique van der Mensbrugghe, 2007. "Regional Integration, Sectoral Adjustments and Natural Groupings in East Asia," OSIPP Discussion Paper, Osaka School of International Public Policy, Osaka University 07E008, Osaka School of International Public Policy, Osaka University.

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