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Assessing Liberalization and Deep Integration in FTAs: A Study of Asia-Latin American FTAs

Author

Listed:
  • Wignaraja , Ganeshan

    (Asian Development Bank Institute)

  • Ramizo, Dorothea

    (Development Bank)

  • Burmeister , Luca

    (Development Bank)

Abstract

Inter-regional free trade agreements (FTAs) - notably between Asia and Latin America - are growing in numbers and complexity. There is an absence of an agreed methodology for empirical assessments on the content of FTAs and little research. This paper proposes a framework to assess liberalization in FTAs in goods and services and new trade policy issues relating to regulatory barriers. Next, it applies this framework to studying the 22 Asia-Latin America FTAs in existence. The findings suggest that Asia-Latin American FTAs have laid the foundations for inter-regional integration by liberalizing the trade in goods and services and reducing some regulatory barriers. Deepening FTAs and adopting structural reforms will enhance Asia-Latin American integration in the future.

Suggested Citation

  • Wignaraja , Ganeshan & Ramizo, Dorothea & Burmeister , Luca, 2013. "Assessing Liberalization and Deep Integration in FTAs: A Study of Asia-Latin American FTAs," East Asian Economic Review, Korea Institute for International Economic Policy, vol. 17(4), pages 385-415, December.
    • Handle: RePEc:ris:eaerev:0051
    DOI: 10.11644/KIEP.JEAI.2013.17.4.271
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    Citations

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    Cited by:

    1. Masahiro Kawai & Ganeshan Wignaraja, 2014. "Policy challenges posed by Asian free trade agreements: a review of the evidence," Chapters, in: Richard Baldwin & Masahiro Kawai & Ganeshan Wignaraja (ed.), A World Trade Organization for the 21st Century, chapter 8, pages 182-238, Edward Elgar Publishing.
    2. Ganeshan Wignaraja, 2014. "Will South Asia Benefit from Pan-Asian Integration?," South Asia Economic Journal, Institute of Policy Studies of Sri Lanka, vol. 15(2), pages 175-197, September.

    More about this item

    Keywords

    Regional Economic Integration; Free Trade Agreements; Deep Integration; Singapore Issues; Regulatory Barriers; Asia-Latin America; Free Trade Agreements;
    All these keywords.

    JEL classification:

    • F15 - International Economics - - Trade - - - Economic Integration
    • O24 - Economic Development, Innovation, Technological Change, and Growth - - Development Planning and Policy - - - Trade Policy; Factor Movement; Foreign Exchange Policy
    • O53 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Asia including Middle East
    • O54 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Latin America; Caribbean

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