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ASEAN: Regional Integration and Reforms

Mari Pangestu and Lili Yan Ing ()
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Mari Pangestu: Faculty of Economics, University of Indonesia

No DP-2015-69, Working Papers from Economic Research Institute for ASEAN and East Asia (ERIA)

Abstract: Over recent decades, the Association of Southeast Asian Nations (ASEAN) has advanced a policy of regional integration, starting with the ASEAN Free Trade Area, followed by the ASEAN+1 free trade agreements with its six main trading partners, and now with ASEAN+6. For ASEAN to further advance regional integration in the East Asian context, it should continue to focus on trade in goods, investment, and services, to smooth out the process of trade creation and investment realisation. East Asian integration is designed not to be just an ‘extensive regional trade agreement’, but more a ‘responsive vehicle’ that consists of trade and investment commitments combined with facilitation, to improve the effectiveness of the implementation of trade and investment agreements and the liberalisation agenda for all members. To keep regional integration viable, it should adopt an open regionalism policy.

Keywords: ASEAN; integration; global value chains; free trade agreement; reforms (search for similar items in EconPapers)
JEL-codes: F1 F14 F15 F6 (search for similar items in EconPapers)
Pages: 28 pages.
Date: 2015-09
New Economics Papers: this item is included in nep-int and nep-sea
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Related works:
Working Paper: ASEAN: Regional Integration and Reforms (2017) Downloads
Journal Article: ASEAN: Regional Integration and Reforms (2016) Downloads
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