ASEAN and Trade Integration
AbstractThis paper reviews the progress in trade-related areas of ASEAN Economic Community to be established by 2015. It provivdes empirical evidence and qualitative analysis on how the process of trade integration worked and what could have been done for it to have worked better. Where appropriate it elaborates on forces or institutions driving the process of integration. The paper uses descriptive statistics and some off-the-shelf indicators to track progress in trade integration which is the main pillar of building ASEAN Economic Community. Second part of the paper examines the progress in building effective integration with the other trading partners. Three difference but inter-related issues are analyzed. 1) ASEAN in world economy in terms of relative size, discrimination of other partners in trade, and treatment that ASEAN obtains in importing markets of developed countries compared to average of all developing countries; 2) the WTO membership and negotiation positioning of individual ASEAN members, and 3) the role of bilateral and plurilateral preferential trade agreements of ASEAN member countries and of the ASEAN as a bloc.
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Bibliographic InfoPaper provided by United Nations Economic and Social Commission for Asia and the Pacific (ESCAP) in its series Working Paper Series with number 109.
Length: 42 pages
Date of creation: Apr 2009
Date of revision:
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ASEAN; regional trade; regional integration; trade agreements; GATS; WTO; AFTA; AFAS; ATIGA; trade facilitation; MRA;
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- F1 - International Economics - - Trade
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- Hong Bum Jang, 2011. "Financial Integration and Cooperation in East Asia: Assessment of Recent Developments and Their Implications," IMES Discussion Paper Series 11-E-05, Institute for Monetary and Economic Studies, Bank of Japan.
- Cassey Lee & Yoshifumi Fukunaga, 2013. "ASEAN Regional Cooperation on Competition Policy," Working Papers DP-2013-03, Economic Research Institute for ASEAN and East Asia (ERIA).
- Binner, Jane & Chen, Shu-Heng & Lai, Ke-Hung & Mullineux, Andrew & Swofford, James L., 2011. "Do the ASEAN countries and Taiwan form a common currency area?," Journal of International Money and Finance, Elsevier, vol. 30(7), pages 1429-1435.
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