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Toward Win-Win Regionalism in Asia: Issues and Challenges in Forming Efficient Trade Agreements

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Author Info
Plummer, Michael G. () (Johns Hopkins University SAIS–Bologna)

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Abstract

Many economists tend to be skeptical of the merits of Free-Trade Areas (FTAs) due to their second-best nature, while others support them under certain conditions, particularly as they allow for a more comprehensive treatment of trade- and investment-related issues than is currently possible under the 149-member WTO. This paper endeavors to bridge this analytical chasm by developing a blueprint for “first-best“ regionalism based on “best practices.“ It then applies the associated set of rules to existing FTAs in Asia (both intra- and extra-regional) to guage the degree to which they approach best practices. In summary, we find that most accords receive high marks in most areas, with the exception of “rules of origin“ and certain service sectors.

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File URL: http://aric.adb.org/pdf/workingpaper/WP5%20Plummer%20011006.pdf
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Publisher Info
Paper provided by Asian Development Bank in its series Working Papers on Regional Economic Integration with number 5.

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Length: 56 pages
Date of creation: 01 Oct 2006
Date of revision:
Handle: RePEc:ris:adbrei:0005

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Related research
Keywords: Asian integration; free trade agreement; best practices; Asian development;

Find related papers by JEL classification:
F15 - International Economics - - Trade - - - Economic Integration

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This page was last updated on 2009-12-1.

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