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Regionalizing Bilateral Free Trade Agreements in Asia

In: From Growth to Convergence

Author

Listed:
  • Frank Harrigan
  • William James
  • Michael Plummer
  • Fan Zhai

Abstract

The trend toward bilateralism in Asia is gaining momentum and may well become the main avenue for trade negotiations in the wake of the suspension of the Doha Round negotiations. The rising tide of bilateralism is well documented and is becoming particularly notable in Asia where the former emphasis on “open regionalism.” has been replaced with preferential agreements based on reciprocity enforced by rules of origin (ADB, 2006). In 1995, there were only three bilateral preferential trade agreements (PTAs) involving developing member countries (DMCs) of the Asian Development Bank (ADB) notified to the World Trade Organization (WTO). By 2006, over 40 such agreements involving DMCs had been notified and nearly 100 others were in the process of being negotiated. Moreover, research on notified agreements that are available on the WTO homepage reveals that each has distinctive product coverage and varying rules of origin (James, 2006). This means that there will be no simple process of rolling these agreements into a regionwide free trade area.

Suggested Citation

  • Frank Harrigan & William James & Michael Plummer & Fan Zhai, 2009. "Regionalizing Bilateral Free Trade Agreements in Asia," Palgrave Macmillan Books, in: Fan Zhai (ed.), From Growth to Convergence, chapter 3, pages 74-107, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-0-230-25060-4_3
    DOI: 10.1057/9780230250604_3
    as

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