Free Trade Agreements versus Customs Unions: An Examination of East Asia
نویسندگان
چکیده
منابع مشابه
Free Trade Agreements versus Customs Unions:
Overlapping bilateral free trade agreements (FTAs) are proliferating in East Asia. Quite a few economists worry about the spaghetti bowl phenomenon expected from the proliferating East Asian regional trade agreements (RTAs).The complicated web of hub-and-spoke type of FTAs can result in high costs for verifying rules of origin (RoO). As an alternative policy option to avoid the negative effect ...
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All countries would agree to immediate global free trade if countries were compensated for any terms-of-trade losses with transfers from countries whose terms-of-trade improve, and if customs unions were required to have no effects on non-member countries. Global free trade with transfers is in the core of a Kemp-WanGrinols customs union game. (52 words)
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This paper analyses the choice between a customs union (CU) and a free trade agreement (FTA) based on the dynamics of political influence induced by the two agreements. An FTA preserves the maximum future discretion a government might have over its trade policy in a trade agreement, but a CU commits the government to a particular external trade policy. For this reason, if government receives an...
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Searching for sustainable regional trade agreements (RTAs) for East Asia, we quantitatively evaluated the likely impact of proposed East Asian RTA strategies─(i) the AFTA (a being-leftalone strategy), (ii) an ASEAN Hub RTA (a hub-and-spoke type of overlapping RTA strategy), (iii) the AFTA vs a China-Japan-Korea RTA (a duplicating or competing RTA strategy), (iv) an ASEAN+3 RTA (an expansionary ...
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Searching for sustainable regional trade agreements (RTAs) for East Asia, we quantitatively evaluated the likely impact of proposed East Asian RTA strategies─(i) the AFTA (a being-leftalone strategy), (ii) an ASEAN Hub RTA (a hub-and-spoke type of overlapping RTA strategy), (iii) the AFTA vs a China-Japan-Korea RTA (a duplicating or competing RTA strategy), (iv) an ASEAN+3 RTA (an expansionary ...
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ژورنال
عنوان ژورنال: Asian Economic Papers
سال: 2009
ISSN: 1535-3516,1536-0083
DOI: 10.1162/asep.2009.8.2.119