An Environmental Cooperation Agreement for the Asia‐Pacific Region?

Eric A. L. Li

Australian Economic Review, 1999, vol. 32, issue 2, 145-156

Abstract: We discuss the significance of environmental cooperation in the Asia‐Pacific region through addressing the growing concern on pollutionhaven formation; standards harmonisation as a trade prerequisite; and the undue reliance on the environmental Kuznets curve. Such an agreement must be supported by the sustainability principle and should capitalise on the favourable empirical response time to international treaties. With these we then examine the negotiation of an Asia‐Pacific Agreement on Environmental Cooperation separate from the Asia‐Pacific Economic Cooperation. Such separation desirability is explained with the help of the Bhagwati principle of harmonisation and free trade, a real options analysis, and the accountability principle.

Date: 1999
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