Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/101177
Authors: 
Baldwin, Richard
Kawai, Masahiro
Year of Publication: 
2013
Series/Report no.: 
ADBI Working Paper Series 431
Abstract: 
Motivated by the proliferation of free trade agreements (FTAs) in Asia over the last decade, this paper studies the challenges faced by the Asian "noodle bowl" - overlapping, multiple trade rules, regulations, and standards in Asia - in the process of regional and global trade integration. The paper first highlights the importance of trade and investment linkages among Asian economies that have formed Asian supply chains, called Factory Asia. It then considers ways and means of multilateralizing Asian trade regionalism by discussing the pros and cons of various approaches - such as the Association of Southeast Asian Nations (ASEAN)-centered regional trade agreements, including the Regional Comprehensive Economic Partnership agreement, and cross-regional FTAs, including the Trans-Pacific Partnership agreement and a future Asia-European Union FTA. The paper emphasizes the promising role of inclusive Asian regionalism and the need to move to global integration.
Subjects: 
free trade agreements
asia
asian noodle bowl
global trade integration
asean
trans-pacific partnership
inclusive asian regionalism
JEL: 
F13
L23
O19
Document Type: 
Working Paper

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