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Free Trade Area Membership as a Stepping Stone to Development : The Case of ASEAN

Author

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  • Emiko Fukase
  • Will Martin

Abstract

This study investigates the economic impacts of accession to the ASEAN Free Trade Area (AFTA) by the new member countries of Cambodia, the Lao PDR, Myanmar, and Vietnam. The trade policies of these countries are examined, and a series of quantitative analyses were undertaken to evaluate the impacts of accession. The results showed that the static impacts of reducing tariffs against ASEAN members are beneficial, although the magnitude of the net gains is diminished by the trade diversion resulting from the discriminatory nature of the reforms. The binding commitments on protection rates under the AFTA plan provide an important initial step to more broader and more beneficial trade reforms. The study focuses on some of the key country-specific policy challenges associated with trade liberalization--such as declining tariff revenues in Cambodia, and the negative impacts on sensitive domestic industries in Vietnam. The study recommends that accession to AFTA be viewed as an important transitional step in the broader process of trade reform and institutional development needed for successful development and poverty alleviation.

Suggested Citation

  • Emiko Fukase & Will Martin, 2001. "Free Trade Area Membership as a Stepping Stone to Development : The Case of ASEAN," World Bank Publications, The World Bank, number 13847.
  • Handle: RePEc:wbk:wbpubs:13847
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    Cited by:

    1. Bajrawan NUCHPRAYOOL, 2016. "Legal improvement on Public-Private Partnership for sustainable development of basic infrastructures in CLMV countries," Proceedings of International Academic Conferences 4106710, International Institute of Social and Economic Sciences.
    2. Bernadette Andreosso-O’Callaghan, 2009. "How is the EU-ASEAN FTA viewed by ASEAN stakeholders?," Asia Europe Journal, Springer, vol. 7(1), pages 63-78, February.
    3. Martin, Will, 2001. "Trade policy reform in the East Asian transition economies," Policy Research Working Paper Series 2535, The World Bank.

    More about this item

    Keywords

    International Economics and Trade - Trade and Regional Integration International Economics and Trade - Free Trade International Economics and Trade - Trade Policy Economic Theory and Research Environmental Economics and Policies;

    JEL classification:

    • J7 - Labor and Demographic Economics - - Labor Discrimination
    • F13 - International Economics - - Trade - - - Trade Policy; International Trade Organizations
    • O5 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies
    • F14 - International Economics - - Trade - - - Empirical Studies of Trade
    • F19 - International Economics - - Trade - - - Other

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