"ASEAN Centrality" in the Midst of FTAs

The Region
01 NOV 2018

"ASEAN Centrality" in the Midst of FTAs

The Association of South East Asian Nations (ASEAN) was founded primarily to fend off the threat of the Cold War, the war in Vietnam, and the conflicts between each other.  But the central part of its creation was economic cooperation.  This paper reviews the free trade areas vis-à-vis ASEAN’s internal integration commitments, and aims to answer two questions -what exactly is ‘ASEAN centrality’ in the midst of FTAs? How should ASEAN approach the challenges from these FTAs while preserving its centrality thus far? It evaluates the risk for ASEAN to be marginalized by other FTAs (specifically the TPP and RCEP) in the region.  The paper is based on the theoretical framework of Jan Tinbergen gravity equation and the empirical frameworks of Anderson and van Wincoop (2003) and Devadason (2014) to analyze the effects of free trade areas (FTAs) on bilateral trade flows between ASEAN and its trade partners, including other FTAs such as the TPP and ASEAN+6 (or the RCEP).

Speaker(s)
Paderon, Marissa

Marissa Maricosa A. Paderon is Assistant Professor and Coordinator of UNCTAD Virtual Institute of the Economics Department, and Director of ... [read more]