Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/109532
Authors: 
Kawai, Masahiro
Wignaraja, Ganeshan
Year of Publication: 
2008
Series/Report no.: 
ADB Working Paper Series on Regional Economic Integration 14
Abstract: 
As East Asia becomes increasingly integrated through market-driven trade and FDI activities, free trade agreements (FTAs) are proliferating. Consolidation of multiple and overlapping FTAs into a single East Asian FTA can help mitigate the harmful noodle bowl effects of different or competing tariffs, standards, and rules. A region-wide FTA will also encourage participation of low-income countries and reduce trade-related business costs, particularly for small and medium enterprises. A computable general equilibrium (CGE) model examines the economic impact of various types of FTAs in East Asia (among ASEAN+1's, ASEAN+3, and ASEAN+6) finding that consolidation at the ASEAN+6 level would yield the largest gains to East Asia among plausible regional trade arrangements.
Subjects: 
Free Trade Agreement
ASEAN
multilateralism
JEL: 
F10
F13
F40
Persistent Identifier of the first edition: 
Creative Commons License: 
http://creativecommons.org/licenses/by/3.0/igo
Document Type: 
Working Paper

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