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Liberalization of Trade in Services: Toward a Harmonized ASEAN++ FTA

Author

Listed:
  • Hikari Ishido

    (Associate Professor, Chiba University)

  • Yoshifumi Fukunaga

    (Economic Research Institute for ASEAN and East Asia (ERIA))

Abstract

The East Asian countries are seriously discussing the consolidation of ASEAN+1 FTAs to develop so-called ASEAN++ FTA or RCEP. The detailed analysis of services chapters in the existing ASEAN+1 FTAs gives insights to services trade liberalization in this new trade agreement. In order for ASEAN and its FTA partners to gain substantial new commitments that are genuinely "plus" to the existing trade pacts, both WTO GATS and ASEAN+1 FTAs, ASEAN++ countries should aim at an ambitious level of liberalization much higher than the AFAS package 5. Also, the detailed analysis suggests a policy option of narrowing the types of services trade limitations, i.e., focusing on three types of limitations and hence improving transparency. Furthermore, we advocate for the needs of prioritizing production-related services sectors in the negotiation. Beyond ASEAN++ FTA, we briefly explain the critical roles of domestic regulatory reform.

Suggested Citation

  • Hikari Ishido & Yoshifumi Fukunaga, 2012. "Liberalization of Trade in Services: Toward a Harmonized ASEAN++ FTA," Working Papers PB-2012-02, Economic Research Institute for ASEAN and East Asia (ERIA).
    • Handle: RePEc:era:wpaper:pb-2012-02
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    References listed on IDEAS

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    1. Philippa Dee, 2010. "Deepening East Asian Economic Integration in Services," Working Papers PB-2010-01, Economic Research Institute for ASEAN and East Asia (ERIA).
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    Cited by:

    1. Yoshifumi Fukunaga, 2015. "ASEAN's Leadership in the Regional Comprehensive Economic Partnership," Asia and the Pacific Policy Studies, Wiley Blackwell, vol. 2(1), pages 103-115, January.
    2. Yoshifumi FUKUNAGA & Hikari ISHIDO, 2015. "Values and Limitations of the ASEAN Agreement on the Movement of Natural Persons," Working Papers DP-2015-20, Economic Research Institute for ASEAN and East Asia (ERIA).
    3. Jaimin Lee & Seong-Hoon Cho, 2017. "Free trade agreement and transport service trade," The World Economy, Wiley Blackwell, vol. 40(7), pages 1494-1512, July.
    4. Yoshifumi Fukunaga & Ikumo Isono, 2013. "Taking ASEAN+1 FTAs towards the RCEP: A Mapping Study," Working Papers DP-2013-02, Economic Research Institute for ASEAN and East Asia (ERIA).
    5. Hikari Ishido, . "Liberalisation of Trade in Services under ASEAN+1 FTAs: A Mapping Exercise," Chapters, in: Lili Yan Ing (ed.), East Asian Integration (First Edition), chapter 6, pages 157-194, Economic Research Institute for ASEAN and East Asia (ERIA).
    6. Aldaba, Rafaelita M. & Aldaba, Fernando T., 2014. "Services Liberalization in the Philippines: A Capacity Needs Assessment for AEC 2015," Philippine Journal of Development PJD 2012 Vol. 39 Nos. 1-2, Philippine Institute for Development Studies.
    7. Yoshifumi Fukunaga & Hikari ISHIDO, 2013. "Assessing the Progress of Services Liberalization in the ASEAN-China Free Trade Area (ACFTA)," Working Papers DP-2013-07, Economic Research Institute for ASEAN and East Asia (ERIA).
    8. ISHIDO Hikari, 2015. "Trade in Services and Japan's Bilateral FTAs: Empirics on their impacts," Discussion papers 15012, Research Institute of Economy, Trade and Industry (RIETI).
    9. Claes G. Alvstam & Erja Kettunen & Patrik Ström, 2017. "The service sector in the free-trade agreement between the EU and Singapore: closing the gap between policy and business realities," Asia Europe Journal, Springer, vol. 15(1), pages 75-105, March.

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