Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/126767
Authors: 
Bedaño, Myrene
Manzano, George N.
Year of Publication: 
2009
Series/Report no.: 
PIDS Discussion Paper Series 2009-13
Abstract: 
This paper develops a modality of liberalization for APEC, based on a sectoral level, as an alternative to the politically sensitive Free Trade Area of the Asia-Pacific (FTAAP). This model, originally developed by Wonnacott (1994), argues for the liberalization of sectors on an MFN basis, where APEC members are principal suppliers. The main advantage of this option is that it skirts the free rider problem that usually afflicts MFN liberalization. While this approach would benefit APEC as a group, it impacts different members differently. The paper examines the implications of such liberalization modality on the offensive and defensive interests of the Philippines in APEC.
Subjects: 
trade liberalization
APEC
early voluntary sectoral liberalization (EVSL)
Free Trade Area of the Asia-Pacific (FTAAP)
'principal supplier' approach
sectoral liberalization
Document Type: 
Working Paper

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