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Investment Provisions in Regional Trading Arrangements in Asia : Relevance, Emerging Trends, and Policy Implications

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  • Nagesh Kumar

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Abstract

This paper summarizes the conceptual rationale for investment liberalization to fully exploit the potential of regional trading arrangements. It goes on to examine the treatment of investment in emerging FTAs/RTAs in the Asia-Pacific region and the specific investment provisions and their consistency with the existing multilateral provisions on investment, viz. WTOs TRIMs Agreement. The provisions of ASEAN framework on investment area and industrial cooperation are summarized in Section 4. Section 5 briefly examines the trends in Indias RTAs policy in Asia and the emerging patterns of efficiencyseeking industrial restructuring unleashed by it. Finally Section 6 concludes the paper with a few remarks on the importance of a broader framework for regional economic integration.

Suggested Citation

  • Nagesh Kumar, 2007. "Investment Provisions in Regional Trading Arrangements in Asia : Relevance, Emerging Trends, and Policy Implications," Trade Working Papers 22109, East Asian Bureau of Economic Research.
  • Handle: RePEc:eab:tradew:22109
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    1. Annika Bergman, 2006. "FDI and Spillover Effects in the Indian Pharmaceutical Industry," Finance Working Papers 22084, East Asian Bureau of Economic Research.
    2. Indra Nath Mukherji, 2000. "Indo-Sri Lankan Trade and Investment Linkages: with Special Reference to Sapta and Free Trade Agreement," South Asia Economic Journal, Institute of Policy Studies of Sri Lanka, vol. 1(1), pages 53-77, March.
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    4. Nagesh Kumar, 1998. "Multinational enterprises, regional economic integration, and export-platform production in the host countries: An empirical analysis for the US and Japanese corporations," Review of World Economics (Weltwirtschaftliches Archiv), Springer;Institut für Weltwirtschaft (Kiel Institute for the World Economy), vol. 134(3), pages 450-483, September.
    5. Medvedev, Denis, 2006. "Beyond trade : the impact of preferential trade agreements on foreign direct investment inflows," Policy Research Working Paper Series 4065, The World Bank.
    6. Vipul Tuli, 2006. "Regional Cooperation for Asian Energy Security," Energy Working Papers 22128, East Asian Bureau of Economic Research.
    7. Saman Kelegama & Indra Nath Mukherji, 2007. "India-Sri Lanka Bilateral Free Trade Agreement : Six Years Performance and Beyond," Trade Working Papers 22104, East Asian Bureau of Economic Research.
    8. Mukul G. Asher & Amarendu Nandy, 2006. "Demographic Complementarities and Outsourcing : Implications and Challenges for India," Macroeconomics Working Papers 22082, East Asian Bureau of Economic Research.
    9. M. Ayhan Kose & Guy M. Meredith & Christopher M. Towe, 2005. "How Has NAFTA Affected the Mexican Economy? Review and Evidence," Springer Books, in: Rolf J. Langhammer & Lúcio Vinhas Souza (ed.), Monetary Policy and Macroeconomic Stabilization in Latin America, pages 35-81, Springer.
    10. Nagesh Kumar, 2007. "Regional Economic Integration, Foreign Direct Investment and Efficiency-Seeking Industrial Restructuring in Asia : The Case of India," Macroeconomics Working Papers 22110, East Asian Bureau of Economic Research.
    11. Sachin Chaturvedi, 2006. "Trade Facilitation and Customs Valuations in India : Identifying the Gaps," Trade Working Papers 22087, East Asian Bureau of Economic Research.
    12. Nagesh Kumar, 2000. "Explaining the geography and depth of international production: The case of US and Japanese multinational enterprises," Review of World Economics (Weltwirtschaftliches Archiv), Springer;Institut für Weltwirtschaft (Kiel Institute for the World Economy), vol. 136(3), pages 442-477, September.
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    Cited by:

    1. Shandre Mugan Thangavelu & Lili Yan Ing & Shujiro Urata, . "Services Productivity and Trade Openness: Case of ASEAN," Chapters, in: Lili Yan Ing (ed.), East Asian Integration (First Edition), chapter 7, pages 195-222, Economic Research Institute for ASEAN and East Asia (ERIA).
    2. Nagesh Kumar, 2015. "Potential and Prospects of Strengthening Transport Connectivity for Regional Economic Integration in Southern Asia," South Asia Economic Journal, Institute of Policy Studies of Sri Lanka, vol. 16(2_suppl), pages 39-54, September.
    3. Yann Duval, 2008. "Trade and Investment Linkages and Policy Coordination: Lessons from Case Studies in Asian Developing Countries," ARTNeT Working Papers 55, United Nations Economic and Social Commission for Asia and the Pacific (ESCAP).
    4. Ram Upendra Das, 2009. "Regional Economic Integration in South Asia : Prospects and Challenges," Macroeconomics Working Papers 22987, East Asian Bureau of Economic Research.
    5. Yann Duval, 2008. "Trade and Investment Linkages and Policy Coordination: Lessons from Case Studies in Asian Developing Countries," Working Papers 5508, Asia-Pacific Research and Training Network on Trade (ARTNeT), an initiative of UNESCAP and IDRC, Canada..
    6. Shandre Mugan THANGAVELU, 2015. "FDI Restrictiveness Index for ASEAN: Implementation of AEC Blueprint Measures," Working Papers DP-2015-43, Economic Research Institute for ASEAN and East Asia (ERIA).

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    More about this item

    Keywords

    FTA; ASEAN; WTO; investment; liberalization; Asia-Pacific;
    All these keywords.

    JEL classification:

    • F13 - International Economics - - Trade - - - Trade Policy; International Trade Organizations
    • O18 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Urban, Rural, Regional, and Transportation Analysis; Housing; Infrastructure
    • R50 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Regional Government Analysis - - - General

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