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The Impact of ASEAN’S FTAs with China, Japan, Korea and Australia-New Zealand: An Analysis in GTAP Framework

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  • Nugraheni, Reninta Dewi
  • Widodo, Tri

Abstract

ASEAN is one of dynamic and fast growing economic regionalism. ASEAN has shown rapid growth in trade liberalization with the free trade agreement (FTA), established with China Korea, Japan, Australia and New Zealand. The aim of this research is to investigate the effects of the free trade agreement between ASEAN-China (ACFTA), ASEAN-Korea (AKFTA), ASEAN-Japan (AJCEP), ASEAN-Australia-New Zealand (AANZFTA). The Computable General Equilibrium (CGE) model and the Global Trade Analysis Project (GTAP) database version 9 are applied with the partial and full liberalization scenarios. The GTAP simulations results shows that ACFTA provides a greater positive impact than the other FTAs for each region. In the long run, the welfare of each region has increased, the trade balance has decreased, the volume of exports and imports has increased.

Suggested Citation

  • Nugraheni, Reninta Dewi & Widodo, Tri, 2018. "The Impact of ASEAN’S FTAs with China, Japan, Korea and Australia-New Zealand: An Analysis in GTAP Framework," MPRA Paper 86693, University Library of Munich, Germany.
  • Handle: RePEc:pra:mprapa:86693
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    File URL: https://mpra.ub.uni-muenchen.de/86693/1/MPRA_paper_86693.pdf
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    References listed on IDEAS

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    More about this item

    Keywords

    ASEAN; Free Trade Agreement; Tariff Liberalisation; GTAP Simulations;

    JEL classification:

    • F14 - International Economics - - Trade - - - Empirical Studies of Trade
    • F17 - International Economics - - Trade - - - Trade Forecasting and Simulation

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