IDEAS home Printed from https://ideas.repec.org/a/sae/chnrpt/v48y2012i3p327-349.html

ASEAN and China: New Dimensions in Economic Engagement

Author

Listed:
  • Debashis Chakraborty

    (Indian Institute of Foreign Trade, New Delhi, India)

  • Animesh Kumar

Abstract

ASEAN and China share a complex relationship in economic terms; while they collaborate in several spheres, conflict of interests is not uncommon either. The proposal for an ASEAN–China Free Trade Agreement (ACFTA) was floated in 2000, and the agreements covering merchandise trade, services trade and investment collaboration were signed in 2004, 2007 and 2009 respectively. ASEAN countries agreed to consider China as a market economy in the course of the negotiations and the ACFTA has resulted in several benefits for both parties, including tariff reduction on substantial number of product lines, considerable growth in merchandise and services trade volume, deepening of intra-regional production networks, regional cooperation on infrastructural development and so on. However, rapid growth of Chinese imports in ASEAN markets and expanding trade deficit generates apprehension in the grouping over potential domestic restructuring. Subisidies provided by the Chinese government to its domestic players also compound the problem. This article concludes that ASEAN countries need to augment their competitiveness through coordinated efforts on the one hand, and jointly negotiate with China to curb the disruptive effects of the latter’s incentive programmes, on the other.

Suggested Citation

  • Debashis Chakraborty & Animesh Kumar, 2012. "ASEAN and China: New Dimensions in Economic Engagement," China Report, , vol. 48(3), pages 327-349, August.
    • Handle: RePEc:sae:chnrpt:v:48:y:2012:i:3:p:327-349
    DOI: 10.1177/0009445512462300
    as

    Download full text from publisher

    File URL: https://journals.sagepub.com/doi/10.1177/0009445512462300
    Download Restriction: no
    File URL: https://libkey.io/10.1177/0009445512462300?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Nordås, Hildegunn Kyvik, 2004. "The global textile and clothing industry post the agreement on textiles and clothing," WTO Discussion Papers 5, World Trade Organization (WTO), Economic Research and Statistics Division.
    2. 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.
    3. Daisuke Hiratsuka & Yoko Uchida (ed.), 2010. "Input Trade and Production Networks in East Asia," Books, Edward Elgar Publishing, number 13909, August.
    4. Shigehisa Kasahara, 2004. "The Flying Geese Paradigm: A Critical Study Of Its Application To East Asian Regional Development," UNCTAD Discussion Papers 169, United Nations Conference on Trade and Development.
    5. Julien Chaisse & Debashis Chakraborty, 2005. "Identifying Mutual Interest Areas at WTO," China Report, , vol. 41(3), pages 267-288, August.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Debashis CHAKRABORTY & Anushree CHAKRABORTY, 2017. "Economic and Political Cooperation between India and East Asia: The Emerging Perspective," Journal of Economics and Political Economy, KSP Journals, vol. 4(2), pages 144-158, June.
    2. Debashis Chakraborty & Pritam Banerjee & Dipankar Sengupta, 2012. "Developing Country Coalitions in WTO Negotiations: How cohesive would IBSAC (India, Brazil, South Africa, China) be?," Working Papers 1212, Indian Institute of Foreign Trade.
    3. Debashis Chakraborty, 2014. "The Upcoming Indo-ASEAN CECA," China Report, , vol. 50(3), pages 259-276, August.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Tri WIDODO & Diyah PUTRIANI, 2011. "RMB Devaluation and Asean5 Countries’ Exports to the US: Complementary or Substitute?," Review of Economic and Business Studies, Alexandru Ioan Cuza University, Faculty of Economics and Business Administration, issue 8, pages 169-184, December.
    2. Devi Setyorini & Budiono, 2020. "The Impact of Tariff and Imported Raw Materials on Textile and Clothing Export: Evidence from the United States Market," Working Papers in Economics and Development Studies (WoPEDS) 202004, Department of Economics, Padjadjaran University, revised Jan 2020.
    3. Archanun Kohpaiboon, 2011. "Trade policy and international production networks: A company-level case study of the Thai hard disk drive industry," STUDIES IN TRADE AND INVESTMENT, in: Mia Mikic & Mochamad Pasha (ed.), Fighting Irrelevance: The Role of Regional Trade Agreements in International Production Networks in Asia, chapter 7, pages 153-177, United Nations Economic and Social Commission for Asia and the Pacific (ESCAP).
    4. Widodo, Tri, 2007. "“Flying Geese” Paradigm: Review, Analytical Tool and Application," MPRA Paper 78218, University Library of Munich, Germany.
    5. Shafaeddin, Mehdi, 2010. "The Role of China in Regional South-South Trade in Asia-Pacific: Prospects for industrialization of the low-income countries," MPRA Paper 26358, University Library of Munich, Germany.
    6. Kumar, Sushil & Ahmed, Shahid, 2014. "Growth and Pattern of Intra-Industry Trade between India and Bangladesh: 1975–2010," MPRA Paper 61113, University Library of Munich, Germany, revised 29 Dec 2014.
    7. Lurong Chen, 2012. "The BRICs in the Global Value Chains: An Empirical Note," Revista Cuadernos de Economia, Universidad Nacional de Colombia, FCE, CID.
    8. Rueda Maurer, Maria, 2017. "Supply chain trade and technological transfer in the ASEAN+3 region," China Economic Review, Elsevier, vol. 46(C), pages 277-289.
    9. Prema-chandra Athukorala & Hal Hill, 2010. "Asian trade: long-term patterns and key policy issues," Asian-Pacific Economic Literature, The Crawford School, The Australian National University, vol. 24(2), pages 52-82, November.
    10. Christopher L. Gilbert, 2010. "Speculative Influences On Commodity Futures Prices 2006-2008," UNCTAD Discussion Papers 197, United Nations Conference on Trade and Development.
    11. Helble, Matthias & Ngiang, Boon-Loong, 2016. "From global factory to global mall? East Asia’s changing trade composition and orientation," Japan and the World Economy, Elsevier, vol. 39(C), pages 37-47.
    12. Coxhead, Ian, 2007. "A New Resource Curse? Impacts of China's Boom on Comparative Advantage and Resource Dependence in Southeast Asia," World Development, Elsevier, vol. 35(7), pages 1099-1119, July.
    13. Mr. Tubagus Feridhanusetyawan, 2005. "Preferential Trade Agreements in the Asia-Pacific Region," IMF Working Papers 2005/149, International Monetary Fund.
    14. Michel Fouquin, 2008. "Regionalization in East Asia," Economic Change and Restructuring, Springer, vol. 41(4), pages 289-313, December.
    15. Jones, Ronald W., 2006. "Aspects of Globalization," Discussion Papers 379, VATT Institute for Economic Research.
    16. Richard Baldwin & Toshihiro Okubo, 2014. "Networked FDI: Sales and Sourcing Patterns of Japanese Foreign Affiliates," The World Economy, Wiley Blackwell, vol. 37(8), pages 1051-1080, August.
    17. Fukunishi, Takahiro & Yamagata, Tatsufumi, 2013. "Slow and steady wins the race : how the garment industry leads industrialization in low-income countries," IDE Discussion Papers 412, Institute of Developing Economies, Japan External Trade Organization(JETRO).
    18. Lisa Borgatti, 2011. "Economic Integration in Sub-Saharan Africa," Chapters, in: Miroslav N. Jovanović (ed.), International Handbook on the Economics of Integration, Volume I, chapter 20, Edward Elgar Publishing.
    19. Amita Batra, 2010. "Asian Economic Integration ASEAN+3+1 or ASEAN+1s?," Working Papers id:2734, eSocialSciences.
    20. Shafaeddin, Mehdi, 2008. "South-South Regionalism And Trade Cooperation In The Asia-Pacific Region," MPRA Paper 10886, University Library of Munich, Germany.

    More about this item

    Keywords

    ;
    ;
    ;
    ;
    ;

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:sae:chnrpt:v:48:y:2012:i:3:p:327-349. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: SAGE Publications (email available below). General contact details of provider: .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.