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An ASEAN Economic Community and ASEAN+3: How Do They Fit Together?

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  • Hadi Soesastro

Abstract

ASEAN economic cooperation is simultaneously deepening (through commitment to the establishment of an ASEAN Economic Community) and widening (through greater cooperation with China, Japan and South Korea). How can these potentially divergent paths be reconciled, especially when, at the highest policy level, the emphasis of ASEAN+3 cooperation has moved away from region-wide efforts and towards separate ASEAN+1 agreements focused on trade. The author concludes that the leaders of the ASEAN+3 countries should not focus on bilateral FTAs; rather, they should immediately make a systematic effort to form an East Asia Free Trade Area. Some guidelines recently outlined by the PECC Trade Forum may provide some assistance.

Suggested Citation

  • Hadi Soesastro, 2003. "An ASEAN Economic Community and ASEAN+3: How Do They Fit Together?," Asia Pacific Economic Papers 338, Australia-Japan Research Centre, Crawford School of Public Policy, The Australian National University.
    • Handle: RePEc:csg:ajrcau:338
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    File URL: https://crawford.anu.edu.au/pdf/pep/pep-338.pdf
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    Cited by:

    1. Dent, Christopher M., 2017. "East Asian Integration: Towards an East Asian Economic Community," ADBI Working Papers 665, Asian Development Bank Institute.
    2. Amita Batra, 2006. "Asian Economic Integration ASEAN+3+1 or ASEAN+1s?," Trade Working Papers 22143, East Asian Bureau of Economic Research.
    3. Amita Batra, 2006. "Asian Economic Integration: ASEAN+3+1 or ASEAN+1s?," Indian Council for Research on International Economic Relations, New Delhi Working Papers 186, Indian Council for Research on International Economic Relations, New Delhi, India.
    4. Amita Batra, 2010. "Asian Economic Integration ASEAN+3+1 or ASEAN+1s?," Working Papers id:2734, eSocialSciences.
    5. , Aisdl, 2018. "The role of gender on the effects of Indonesian manpower skills on their competition readiness/preparedness," OSF Preprints hvyg8, Center for Open Science.
    6. Eva Cihelková & Pavel Hnát, 2005. "Subregionalismus v EU a APEC [Subregionalism in EU and APEC]," Politická ekonomie, Prague University of Economics and Business, vol. 2005(6), pages 793-809.

    More about this item

    JEL classification:

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

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