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The ASEAN+3 proposal has attracted attention in Asia and the world. We argue that a free trade agreement (FTA) for ASEAN+3 is beneficial to all member countries due to three factors: (i) existing and expected vertical foreign direct investment linkage between Japan/Korea and ASEAN member...
Persistent link: https://www.econbiz.de/10009421200
, Indonesia, and Bangladesh. This could be seen as a first step to investigate the possible gains from more comprehensive economic … framework, we investigate the impact of full trade liberalization among Malaysia, Indonesia and Bangladesh. One should stress … Indonesia and Malaysia while leading to some welfare loss for Bangladesh. Based on the results, it can be suggested that …
Persistent link: https://www.econbiz.de/10009415583
This study aims at assessing the prospects for a more liberal air passenger transport regime in the Asia Pacific region under the auspices of the Asia Pacific Economic Cooperation (APEC). The decades-old bilateral air services regime has been under pressure to reform for several years....
Persistent link: https://www.econbiz.de/10010840755
If South Asia and Sub-Saharan Africa are to become constructively engaged in the next attempt by World Trade Organization (WTO) members to liberalize trade multilaterally, they need to be convinced that there will be sufficient gains from trade reform to warrant the inevitable costs of...
Persistent link: https://www.econbiz.de/10009318896
selected crisis countries, i.e., Indonesia, Malaysia, Philippines, Thailand and Korea are evolved by looking at descriptive …
Persistent link: https://www.econbiz.de/10009318923
Rules of origin (RoO) are legitimate policy instruments to prevent trade deflection in a Preferential Trade Agreement (PTA) short of a customs union. Yet, when captured by special interest groups, RoO can restrict trade beyond what is needed to prevent trade deflection. By how much do political...
Persistent link: https://www.econbiz.de/10009421207
The agreement recently signed between Morocco and the United States foresees several modalities in dismantling tariffs. Our simulations show that the various modalities of trade liberalization may have different impacts on the welfare, the rate of growth and the sectoral trade balance of these...
Persistent link: https://www.econbiz.de/10009393871
Whether international economic integration arrangements result in a more liberal trade at the multilateral level cannot be proven with ease. Integration may start this process, but it may also reverse it. New mega-integration deals such as the Trans-Pacific Partnership, Regional Comprehensive...
Persistent link: https://www.econbiz.de/10011191485
The paper studies the effects of regional integration on the incentives of mem - bers and non-members to undertake multilateral trade liberalization. Using a three- country political economy model with imperfect competion, it shows how regionalism can undermine support for multilateralism....
Persistent link: https://www.econbiz.de/10010840678
This paper develops new measures of multimodal transport connectivity, and uses a gravity model to show that improving performance could lead to major trade gains for the Asia-Pacific region. By improving multimodal connectivity by 5%, APEC would increase exports by around 4%, or between 2% and...
Persistent link: https://www.econbiz.de/10010840684