Assessing ASEAN Economic Integration Progress and South Korea’s Approach Focusing on TBT and SPS

Sungil Kwak ()
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Sungil Kwak: KOREA INSTITUTE FOR INTERNATIONAL ECONOMIC POLICY (KIEP), Postal: [30147] Building C Sejong National Research Complex 370 Sicheong-daero Sejong-si Korea, ,, https://www.kiep.go.kr/eng/

No 24-4, World Economy Brief from Korea Institute for International Economic Policy

Abstract: TBT (Technical Barriers to Trade) and SPS (Sanitary and Phytosanitary Measures) have two attributes. They act as barriers to trade expansion by protecting producers, but their importance has grown in terms of consumer protection measures after the COVID-19 pandemic. Rather than eliminating related regulations, achieving harmonization within the ASEAN region can simultaneously serve two objectives: expanding trade between South Korea and ASEAN and improving consumer protection. We assess the level of regional economic integration by measuring regulatory distances among ASEAN member states. We also measure regulatory distances between South Korea and ASEAN, and between Japan and ASEAN. We estimate the impact of ASEAN's TBT and SPS on the export performance of countries exporting goods to the ASEAN region.

Keywords: ASEAN Economic Integration; TBT; SPS (search for similar items in EconPapers)
Pages: 8 pages
Date: 2024-02-14
New Economics Papers: this item is included in nep-int and nep-sea
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Persistent link: https://EconPapers.repec.org/RePEc:ris:kiepwe:2024_004

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