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Asia-Latin America Free Trade Agreements : An Instrument for Inter-Regional Liberalization and Integration?

Author

Listed:
  • Ganeshan Wignaraja

    (Asian Development Bank Institute (ADBI))

  • Dorothea Ramizo
  • Luca Burmeister

Abstract

Trade integration and free trade agreement (FTA)-led cooperation between Asia and Latin America has increased since the early 2000s. Using new criteria, this paper examines whether Asia-Latin America FTAs have facilitated market-led integration by liberalizing trade and behind the border regulatory barriers. Overall Asia-Latin America FTAs provide the foundations for inter-regional integration by liberalizing goods and services trade as well as some regulatory barriers. Future FTAs can support deeper integration by reducing residual regulatory barriers. Other policy priorities include forming a large inter-regional FTA, stimulating business use of FTAs and accelerating structural reforms.

Suggested Citation

  • Ganeshan Wignaraja & Dorothea Ramizo & Luca Burmeister, 2012. "Asia-Latin America Free Trade Agreements : An Instrument for Inter-Regional Liberalization and Integration?," Governance Working Papers 23332, East Asian Bureau of Economic Research.
    • Handle: RePEc:eab:govern:23332
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    Cited by:

    1. Perez-Restrepo, Camilo & Roldan-Perez, Adriana, 2016. "Is the Pacific Alliance a Potential Pathway to the Free Trade Area of the Asia-Pacific?," Philippine Journal of Development PJD 2014-2015 Vol. 41-42 , Philippine Institute for Development Studies.
    2. repec:uii:journl:v:5:y:2013:i:1:p:45-56 is not listed on IDEAS
    3. Garcia, Jose & Perez-Restrepo, Camilo & Uribe Jaramillo, Maria Teresa, 2017. "Understanding the relationship between Pacific Alliance and the mega-regional agreements in Asia-Pacific: what we learned from the GTAP simulation," Conference papers 332916, Purdue University, Center for Global Trade Analysis, Global Trade Analysis Project.
    4. Bernhardt, Thomas, 2014. "How promising is South-South trade as a contributor to economic development in Asia and South America? Insights from estimating income elasticities of import demand," MPRA Paper 56413, University Library of Munich, Germany.
    5. Bernhardt, Thomas, 2016. "South-South trade and South-North trade: which contributes more to development in Asia and South America? Insights from estimating income elasticities of import demand," Revista CEPAL, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL), April.

    More about this item

    Keywords

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    JEL classification:

    • F15 - International Economics - - Trade - - - Economic Integration
    • O24 - Economic Development, Innovation, Technological Change, and Growth - - Development Planning and Policy - - - Trade Policy; Factor Movement; Foreign Exchange Policy
    • O53 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Asia including Middle East
    • O54 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Latin America; Caribbean

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