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ASEAN: Regional Integration and Reforms

Author

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  • Mari PANGESTU

    (Faculty of Economics, University of Indonesia)

  • Lili Yan ING

    (Economic Research Institute for ASEAN and East Asia (ERIA) and University of Indonesia)

Abstract

Over recent decades, the Association of Southeast Asian Nations (ASEAN) has advanced a policy of regional integration, starting with the ASEAN Free Trade Area, followed by the ASEAN+1 free trade agreements with its six main trading partners, and now with ASEAN+6. For ASEAN to further advance regional integration in the East Asian context, it should continue to focus on trade in goods, investment, and services, to smooth out the process of trade creation and investment realisation. East Asian integration is designed not to be just an ‘extensive regional trade agreement’, but more a ‘responsive vehicle’ that consists of trade and investment commitments combined with facilitation, to improve the effectiveness of the implementation of trade and investment agreements and the liberalisation agenda for all members. To keep regional integration viable, it should adopt an open regionalism policy.

Suggested Citation

  • Mari PANGESTU & Lili Yan ING, 2015. "ASEAN: Regional Integration and Reforms," Working Papers DP-2015-69, Economic Research Institute for ASEAN and East Asia (ERIA).
  • Handle: RePEc:era:wpaper:dp-2015-69
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    References listed on IDEAS

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    1. Gokan, Toshitaka & Kuroiwa, Ikuo & Nakajima, Kentaro & Sakata, Shozo, 2016. "Spatial patterns of manufacturing clusters in Vietnam," IDE Discussion Papers 616, Institute of Developing Economies, Japan External Trade Organization(JETRO).
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    8. Erlinda M. MEDALLA & Jenny BALBOA, 2009. "ASEAN Rules of Origin: Lessons and Recommendations for Best Practice," Working Papers d020, Economic Research Institute for ASEAN and East Asia (ERIA).
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    10. Mari PANGESTU & Lili Yan ING, 2015. "ASEAN: Regional Integration and Reforms," Working Papers DP-2015-69, Economic Research Institute for ASEAN and East Asia (ERIA).
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    Cited by:

    1. Mari PANGESTU & Lili Yan ING, 2015. "ASEAN: Regional Integration and Reforms," Working Papers DP-2015-69, Economic Research Institute for ASEAN and East Asia (ERIA).
    2. Olivier Cadot & Lili Yan Ing, . "How Restrictive Are ASEAN's Rules of Origin?," Chapters, Economic Research Institute for ASEAN and East Asia (ERIA).

    More about this item

    Keywords

    ASEAN; integration; global value chains; free trade agreement; reforms;

    JEL classification:

    • F1 - International Economics - - Trade
    • F14 - International Economics - - Trade - - - Empirical Studies of Trade
    • F15 - International Economics - - Trade - - - Economic Integration
    • F6 - International Economics - - Economic Impacts of Globalization

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