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The Prospects of the ASEAN–China Free Trade Area (ACFTA): A Qualitative Overview

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  • Donghyun Park

Abstract

ASEAN and China are economic partners as well as economic competitors. A widely proposed means of strengthening the economic partnership is to form a free trade area between the two. Our primary objective is to use insights from customs union theory to examine whether an ASEAN–China Free Trade Area (ACTFA) would be potentially beneficial for both sides. Our analysis of relevant static factors such as the level of pre-integration trade and initial tariff structures provides some grounds for optimism about the ACFTA's prospects. In addition, various dynamic factors and non-economic factors further reinforce such optimism.

Suggested Citation

  • Donghyun Park, 2007. "The Prospects of the ASEAN–China Free Trade Area (ACFTA): A Qualitative Overview," Journal of the Asia Pacific Economy, Taylor & Francis Journals, vol. 12(4), pages 485-503.
    • Handle: RePEc:taf:rjapxx:v:12:y:2007:i:4:p:485-503
    DOI: 10.1080/13547860701594103
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    References listed on IDEAS

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    1. Ali M. El-Agraa, 1989. "The Theory and Measurement of International Economic Integration," Palgrave Macmillan Books, Palgrave Macmillan, number 978-1-349-10203-7, March.
    2. Ali M. El-Agraa, 1989. "International Economic Integration," Palgrave Macmillan Books, in: International Trade, chapter 11, pages 151-193, Palgrave Macmillan.
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    Cited by:

    1. Penghao Ye & Huarong Zhang & Siyi Ma & Fang Yang & Yanan Li, 2022. "A Knowledge Map Study of an Application of a Smart Land Planning Free-Trade Zone and China’s Contribution," Land, MDPI, vol. 11(6), pages 1-21, June.
    2. Wen-Xi Ruan & Xin Yu & Sheng-Yuan Wang & Tian-Cheng Zhao & Ya-Zhen Liu, 2022. "Exploration of China–ASEAN Trade Relations in the Context of Sustainable Economic Development—Based on the Lotka–Volterra Model," Sustainability, MDPI, vol. 15(1), pages 1-22, December.
    3. Chen-Chen Yong & Siew-Yong Yew & Mui-Yin Chin, 2019. "Spatial Panel Analysis On Asean–China Trade Links," The Singapore Economic Review (SER), World Scientific Publishing Co. Pte. Ltd., vol. 64(03), pages 709-726, June.
    4. Ariyasajjakorn, Danupon & Gander, James P. & Ratanakomut, Somchai & Reynolds, Stephen E., 2009. "ASEAN FTA, distribution of income, and globalization," Journal of Asian Economics, Elsevier, vol. 20(3), pages 327-335, May.
    5. Antonio Alleyne & Zhaoyong Zhang & Yifei Mu, 2020. "Sustaining International Trade with China: Does ACFTA Improve ASEAN Export Efficiency?," Sustainability, MDPI, vol. 12(15), pages 1-30, July.

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