Revisiting Sectoral Liberalization: an Alternative to the FTAAP? Implications on the Philippines
AbstractThis paper develops a modality of liberalization for APEC, based on a sectoral level, as an alternative to the politically sensitive Free Trade Area of the Asia-Pacific (FTAAP). This model, originally developed by Wonnacott (1994), argues for the liberalization of sectors on an MFN basis, where APEC members are principal suppliers. The main advantage of this option is that it skirts the free rider problem that usually afflicts MFN liberalization. While this approach would benefit APEC as a group, it impacts different members differently. The paper examines the implications of such liberalization modality on the offensive and defensive interests of the Philippines in APEC.
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Bibliographic InfoPaper provided by Philippine Institute for Development Studies in its series Discussion Papers with number DP 2009-13.
Date of creation: 2009
Date of revision:
trade liberalization; APEC; early voluntary sectoral liberalization (EVSL); Free Trade Area of the Asia-Pacific (FTAAP); 'principal supplier' approach; sectoral liberalization;
This paper has been announced in the following NEP Reports:
- NEP-ALL-2010-01-10 (All new papers)
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