IDEAS home Printed from
   My bibliography  Save this paper

The Impact of Free Trade Agreements in Asia


  • Kenichi Kawasaki


This paper discusses a quantitative simulation analysis on the impact of Japan's FTAs in Asia using a CGE model of global trade. It has been argued that a regional FTA would be a step toward global trade liberalization rather than a final goal. In fact, it is shown that changes in sectoral trade balance and production would vary according to the partners in Japan's FTAs in Asia deviating from those expected in global trade liberalization. Moreover, the terms of trade effects would be relatively significant in determining the overall welfare impacts in partial trade liberalization. On the other hand, capital formation mechanisms, one through dynamic capital accumulation and another through international capital movements, are shown to be particularly important for macroeconomic gains in several ASEAN countries. It is suggested that liberalization and facilitation of not just the trade of goods but also investment would be essential for economic partnerships in Asia.

Suggested Citation

  • Kenichi Kawasaki, 2003. "The Impact of Free Trade Agreements in Asia," Discussion papers 03018, Research Institute of Economy, Trade and Industry (RIETI).
  • Handle: RePEc:eti:dpaper:03018

    Download full text from publisher

    File URL:
    Download Restriction: no


    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.

    Cited by:

    1. ANDO Mitsuyo, 2009. "Impacts of FTAs in East Asia: CGE Simulation Analysis," Discussion papers 09037, Research Institute of Economy, Trade and Industry (RIETI).

    More about this item

    NEP fields

    This paper has been announced in the following NEP Reports:


    Access and download statistics


    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eti:dpaper:03018. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (KUMAGAI, Akiko). General contact details of provider: .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.