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Trade Facilitation and a Northeast Asian Free Trade Arrangement

Author

Listed:
  • Sangkyom Kim
  • Innwon Park

Abstract

What will be the most efficient way of building a regional trade arrangement (RTA) in a globalizing world, especially for countries in Northeast Asia? We strongly suggest that the RTA should stress trade facilitation rather than following common guidance on tariff reduction. In order to support our argument, we attempted to analyze the net trade creation effect of trade facilitation among the countries in Northeast Asia including China, Korea, and Japan by using a survey analysis and a Gravity analysis. We found that each of the four trade facilitation indices we consider (customs procedures, standards and conformity, business mobility, information and communication technology) shows significantly positive effects on bilateral trade between the three Northeast Asian countries.

Suggested Citation

  • Sangkyom Kim & Innwon Park, 2005. "Trade Facilitation and a Northeast Asian Free Trade Arrangement," International Area Studies Review, Center for International Area Studies, Hankuk University of Foreign Studies, vol. 8(1), pages 45-63, March.
    • Handle: RePEc:sae:intare:v:8:y:2005:i:1:p:45-63
    DOI: 10.1177/223386590500800103
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    References listed on IDEAS

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    1. Jong‐Wha Lee & Innwon Park, 2005. "Free Trade Areas in East Asia: Discriminatory or Non‐discriminatory?," The World Economy, Wiley Blackwell, vol. 28(1), pages 21-48, January.
    2. Wilson,John S. & Mann, Catherine L. & Otsuki, Tsunehiro, 2003. "Trade facilitation and economic development : measuring the impact," Policy Research Working Paper Series 2988, The World Bank.
    3. Baier, Scott L. & Bergstrand, Jeffrey H., 2001. "The growth of world trade: tariffs, transport costs, and income similarity," Journal of International Economics, Elsevier, vol. 53(1), pages 1-27, February.
    4. Jeffrey A. Frankel, 1997. "Regional Trading Blocs in the World Economic System," Peterson Institute Press: All Books, Peterson Institute for International Economics, number 72, April.
    5. Bhagwati, Jagdish & Greenaway, David & Panagariya, Arvind, 1998. "Trading Preferentially: Theory and Policy," Economic Journal, Royal Economic Society, vol. 108(449), pages 1128-1148, July.
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