A Preferential Trade Area in Northeast Asia Prospects and Problems+

Asia-europe Trade: Problems and Prospects

Geopolitical Issues of Natural Gas Trade in Northeast Asia

 This work was supported by the Academy of Korean Studies of the Republic of Korea in year 2012-2013 (AKS-2010-CAA-2101) Energy security has assumed newfound geopolitical importance at the outset of XXI century (Moran and Russell, 2008). Diminishing fossil fuel supplies have led to fears of energy shortages, while rapid economic and population growth have fuelled the demand for cheap, clean and...

Prospects for Economic Cooperation in Northeast Asia

In contrast to developments in other world regions, efforts to institutionalize regional economic cooperation in East Asia have been weak. Though Southeast Asian economies have taken action toward trade liberalization (ASEAN Free Trade Area), the major economies of the region such as China, Japan and Korea have not been part of any formal trade groupings until recently. Ongoing economic coopera...

Preferential Trade Agreements in Asia and the Pacific 157 Preferential Trade Agreements in Asia and the Pacific

Global multilateral trading arrangements offer the best prospect for reducing barriers to trade and achieving the greatest gains from trade liberalization. Preferential trade agreements (PTAs) are a second-best means of achieving trade liberalization in a context where multilateral negotiations proceed slowly. There is considerable variation in the efforts undertaken by PTAs in different parts ...

Welfare Impacts of Preferential Trade Liberalization in South Asia

Focusing on the global trading relationship aggregated at the level of 15 regions and 10 sectors, we investigate in this paper the welfare effects of preferential trade liberalisation in South Asia from several simulation perspectives. The static version of the Global Trade Analysis Project (GTAP) model shows that countries that are initially more protected (such as India) are likely to capture...