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Coverage of Trade in Services under ASEAN+1FTAs

Author

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  • Hikari ISHIDO

    (Faculty of Law, Politics and Economics, Chiba University)

Abstract

This paper examines how ASEAN-centered free trade agreements (FTAs) or so-called ASEAN+1 FTAs are correlated among themselves and thus have the potential to be merged into one single commitment toward the establishment of a Regional Comprehensive Economic Partnership (RCEP). The "Coverage Index" defined in this paper highlights similarities and differences among the ASEAN+1 FTAs (i.e., ASEAN Framework Agreement on Services 8th package [AFAS-8], ASEAN-China Free Trade Area 2nd package [ACFTA-2], ASEAN-Australia-New Zealand Free Trade Agreement [AANZFTA], and ASEAN-Korea Free Trade Agreement [AKFTA]). It has been found that the degree of liberalization in terms of the Coverage Index is highest under AFAS-8, which could serve as the focal point for the convergence of the ASEAN+1 FTAs which are positively correlated with AFAS-8. Also, the ASEAN priority integration sectors are making progress (with the exception of transport-related sectors). While the Coverage Index shows rather low levels of commitment by the member countries, a feasible policy suggestion is to further prioritize the priority integration sectors, including transport-related sectors, for a seamless ASEAN Economic Community as well as for a well-connected RCEP.

Suggested Citation

  • Hikari ISHIDO, 2014. "Coverage of Trade in Services under ASEAN+1FTAs," Working Papers DP-2014-26, Economic Research Institute for ASEAN and East Asia (ERIA).
  • Handle: RePEc:era:wpaper:dp-2014-26
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    File URL: http://www.eria.org/ERIA-DP-2014-26.pdf
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    References listed on IDEAS

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    1. Gootiiz, Batshur & Mattoo, Aaditya, 2009. "Services in Doha : what's on the table ?," Policy Research Working Paper Series 4903, The World Bank.
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    More about this item

    Keywords

    Trade in services; RCEP; liberalization;

    JEL classification:

    • F13 - International Economics - - Trade - - - Trade Policy; International Trade Organizations
    • F15 - International Economics - - Trade - - - Economic Integration

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