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Are Regional Trade Agreements in Asia Stumbling or Building Blocks? Implications for the Mekong-3 Countries, Patrizia Tumbarello

Abstract
Is the recent proliferation of Regional Trade Agreements (RTAs) in Asia a healthy development, or runs the risk of turning into an unmanageable "noodle bowl" in the future? The goal of this paper is to shed some light on this question. The results show that membership in the Asian RTAs considered in this study have not, to date, occurred at the expense of trade with nonmembers, as most Asian countries' integration with the global economy preceded regional integration. However, looking forward, given their discriminatory nature, a proliferation of RTAs, which is not accompanied by continuing unilateral and multilateral liberalization, could run the risk of leading to costly trade diversion
Table Of Contents
Contents; I. Introduction; II. Benefits and Potential Risks of Regional Trade Integration Initiatives; III. Selected Regional and Bilateral Trade Arrangements in the Asia and Pacific Region; IV. The Gravity Model; V. Econometric Results; VI. Conclusions; Tables; 1. Preferential Trade Agreements in Force in the Asia and Pacific Region, February 2007; 2. ASEAN Members: Simple Average Most-Favored-Nation Tariff Rates; 3. Simple Average Most-Favored-Nation Tariff Rates; 4. WTO Accession Status, February 2007
Language
eng
Literary Form
non fiction
Note
Description based upon print version of record
Physical Description
1 online resource (29 p.)
Specific Material Designation
remote
Form Of Item
online
Isbn
9780146232053

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