China-Japan-Korea FTA: A Dual Track Approach to a Trilateral Agreement

Srinivasa Madhur ()
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Srinivasa Madhur: Cambodia Development Resource Institute(CDRI), Postal: Cambodia Development Resource Institute (CDRI), 56, Street 315, Tuol Kork, P.O. Box, 622, Phnom Penh, Cambodia

Journal of Economic Integration, 2013, vol. 28, 375-392

Abstract: This paper argues that a China-Japan-Korea Free Trade Agreement (CJK FTA) will have large benefits to the three Northeast Asian countries and significant implications for global multilateral trade. However, several hurdles seem to make an expeditious completion of a CJK FTA, or even bilateral FTAs between Japan and China or between Japan and Korea extremely difficult. Thus, a pragmatic approach would be to follow a dual-track approach in which China and Korea fast-track the completion of a bilateral FTA between them and the three countries continue their negotiations for a trilateral FTA on a steady track. Neither of these attempts should, however, deter these countries from joining the larger multilateral deals they are pursuing such as the Regional Comprehensive Economic Partnership (RCEP) or the Transpacific Partnership (TPP).

Keywords: Free Trade Agreements; Preferential Trade Agreements; Regionalism; Multilateralism (search for similar items in EconPapers)
JEL-codes: F15 (search for similar items in EconPapers)
Date: 2013
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Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:ris:integr:0605

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