Toward a Consolidated Preferential Tariff Structure in East Asia: Going beyond ASEAN+1 FTAs

Yoshifumi Fukunaga and Arata Kuno
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Arata Kuno: Associate Professor, Kyorin University.

No PB-2012-03, Working Papers from Economic Research Institute for ASEAN and East Asia (ERIA)

Abstract: ASEAN countries are discussing a possible template for trade in goods chapter of so-called ASEAN++ FTA (also known as RCEP). Analyses of tariff structures under the current ASEAN+1 FTAs give insights on possible approaches as well as challenges in this discussion. To meet 90% or 95% tariff elimination thresholds, both ASEAN countries and their FTA partners should make further efforts. When a "common concession" approach, which we advocate in this paper, is applied, the challenge becomes even larger as member countries should focus their policy discretion on a more limited number of sensitive products. These challenges, on the other hand, mean room for additional gains for potential users of the new agreement despite the existence of ASEAN+1 FTAs.

Pages: 8 pages.
Date: 2012-05-01
New Economics Papers: this item is included in nep-sea
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Citations: View citations in EconPapers (3)

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