Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/109580
Authors: 
Estrada, Gemma
Park, Donghyun
Park, Innwon
Park, Soonchan
Year of Publication: 
2011
Series/Report no.: 
ADB Working Paper Series on Regional Economic Integration 75
Abstract: 
Expanding trade with East Asia’s "Big Three" economic giants—the People’s Republic of China (PRC), Japan, and the Republic of Korea—offers a new potential source of growth for ASEAN in the post-global-crisis period. In fact, ASEAN has been actively pursuing trade liberalization with the Big Three. The central objective of this paper is to qualitatively and quantitatively assess the different permutations of ASEAN’s free trade agreements (FTAs) with the Big Three (e.g., ASEAN–PRC, ASEAN–Japan, ASEAN–Republic of Korea, and ASEAN+3). Our qualitative analysis is based on the theory of economic integration, and our quantitative analysis is based on a CGE model. The two types of analyses both suggest that an ASEAN+3 FTA would deliver the largest benefits for the region.
Subjects: 
ASEAN
People’s Republic of China (PRC)
Japan
Republic of Korea
trade
free trade agreement
free trade area
CGE model
JEL: 
F10
F14
F15
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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