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Exploring Pathways for Deeper Regional Cooperation on NTMs in ASEAN and East Asia

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Listed:
  • Kaoru Nabeshima

    (Waseda University)

  • Ayako Obashi

    (Keio University)

  • Kunhyui Kim

    (Nagoya University)

Abstract

In this paper, we develop and examine an indicator for regulatory harmonisation amongst member countries in a given regional agreement based on the regulatory differences between countries using a non-tariff measure (NTM) data set. This study defines the ‘optimal’ set of regulations as the set of regulations where the adoption cost (i.e. differences in regulation between a base country and a partner country) is the lowest, considering all the possible trading pairs in an agreement. This provides guidance to policymakers regarding which country’s regulations could serve as the basis for discussion on regulatory harmonisation. To do so, we examine regional integration efforts in Asia – the Association of Southeast Asian Nations (ASEAN) Economic Community (AEC), the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), the Regional Comprehensive Economic Partnership (RCEP), and China–Japan–Republic of Korea Free Trade Agreement negotiations (CJK).

Suggested Citation

  • Kaoru Nabeshima & Ayako Obashi & Kunhyui Kim, 2024. "Exploring Pathways for Deeper Regional Cooperation on NTMs in ASEAN and East Asia," Working Papers DP-2023-25, Economic Research Institute for ASEAN and East Asia (ERIA).
    • Handle: RePEc:era:wpaper:dp-2023-25
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    References listed on IDEAS

    as
    1. Aaditya Mattoo & Alen Mulabdic & Michele Ruta, 2022. "Trade creation and trade diversion in deep agreements," Canadian Journal of Economics/Revue canadienne d'économique, John Wiley & Sons, vol. 55(3), pages 1598-1637, August.
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    More about this item

    Keywords

    NTMs; regional integration; AEC; CPTPP; RCEP; and China–Japan–Korea FTA negotiations;
    All these keywords.

    JEL classification:

    • F13 - International Economics - - Trade - - - Trade Policy; International Trade Organizations
    • F14 - International Economics - - Trade - - - Empirical Studies of Trade
    • F15 - International Economics - - Trade - - - Economic Integration

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