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Regionalism in East Asia: the ASEAN +1 initiatives

Author

Listed:
  • Elizabeth S. Tan

    (Ateneo de Manila University)

Abstract

Free trade agreements (FTAs) have been proliferating in Asia since the late '90s and show no sign of abating. The ASEAN +3 model should ideally serve as the starting point because of existing linkages in the real and monetary sectors. Nevertheless, what have emerged are six ASEAN +1 initiatives. Each of these initiatives covers similar areas of liberalization but progresses at different paces. The +6 countries have independently concluded FTAs with Singapore, which have built on their WTO commitments and moved on to difficult areas of liberalization. From 2004 onward, the +6 countries have started concluding bilateral FTA with each other and with the United States and the European Union.

Suggested Citation

  • Elizabeth S. Tan, 2008. "Regionalism in East Asia: the ASEAN +1 initiatives," Philippine Review of Economics, University of the Philippines School of Economics and Philippine Economic Society, vol. 45(1), pages 127-138, June.
    • Handle: RePEc:phs:prejrn:v:45:y:2008:i:1:p:127-138
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    File URL: http://pre.econ.upd.edu.ph/index.php/pre/article/view/876/648
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    Citations

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    Cited by:

    1. Elizabeth S. Tan, 2010. "ChinaÕs integration in East Asia: the role of intra-industry trade," Philippine Review of Economics, University of the Philippines School of Economics and Philippine Economic Society, vol. 47(2), pages 83-118, December.

    More about this item

    Keywords

    regionalism; FTAs; East Asia;
    All these keywords.

    JEL classification:

    • F15 - International Economics - - Trade - - - Economic Integration

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