Evolution of the Asia-Pacific Trade Architecture: Stocktake and Future Outlook
APEC Study Centre, University of Auckland, Auckland, New Zealand Â Â Â Abstract: Â One of the key sets of questions underlying Asia Pacific economic cooperation over the last decade has been over the nature and form of the regional trade architecture that would gradually emerge from the turmoil of the Asia-Pacific ânoodle bowlâ of bilateral and plurilateral FTAs, and how that architecture would accommodate the separate impulses of East Asian and trans-Pacific economic integration. Â Calls for East Asian economic integration took center-stage in the wake of the East Asian economic crisis of 1997/98, and were quickly reflected in the proposal for an East Asian Free Trade Area (EAFTA) based on the ASEAN plus Three groups. The subsequent development of the so-called âASEAN Plus Oneâ FTAs both provided a feasible way forward in the absence of a politically viable basis for integration among the major Northeast Asian economies, and also entrenched the idea of East Asian economic integration as an âASEAN-centeredâ process. Japanâs proposal for a Comprehensive Economic Partnership for East Asia (CEPEA), based on an ASEAN plus Six groups of countries that comprised the then membership of the East Asian Summit (EAS), subsequently provided an alternative configuration for a region-wide trade bloc based on East Asia. Since then the EAFTA and CEPEA initiatives have moved forward in parallel, but no agreement has been reached to commence formal negotiations in either case. Â This paper has presented the state of play and future outlook for each of the three initiatives as they appeared at the time of the 2010 APEC leadersâ meeting. This has been followed by a discussion of developments in these initiatives in 2011, as well as possible implications for these initiatives of developments in other arenas. JEL Classification : F15, F19.
The paper begins by noting that proposals involving significant developments in the regional tradearchitecture are being developed within regional processes that in some cases are simultaneouslypursuing other dimensions of regional economic integration: monetary and financial cooperation inthe case of ASEAN + 3, and the establishment of a common market in the case of ASEAN. At leastthree of the...متن کامل
There is a significant relationship between economic growth and the degree of urban concentration, as measured by primacy or the share of the largest city in an urban system. In accordance to urban economic theories, there is an inverse-U shape relationship between urban concentration âurban primacy- and economic growth. That is, as economy grows, urban concentration increases, approaches a...متن کامل
formation and evolution of regional organizations: the case study of the economic cooperation organization (eco)
abstract because of the many geopolitical, geo economical and geo strategically potentials and communicational capabilities of eco region, members can expand the convergence and the integration in base of this organization that have important impact on members development and expanding peace in international and regional level. based on quality analyzing of library findings and experts interv...15 صفحه اول
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 ...متن کامل
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دوره 40 شماره 1
صفحات 1- 13
تاریخ انتشار 2633-06-22
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