Presented by S K Mohanty, Fellow, RIS

Size: px
Start display at page:

Download "Presented by S K Mohanty, Fellow, RIS"

Transcription

1 Economics of an East Asian FTA Presented by S K Mohanty, Fellow, RIS 1

2 Structure of Presentation Sustainability of the Asian Eco. Community East Asia FTA emerging as a Mega RTA Changing structure of regional trade Changing trade composition and preference for trade liberalization Trade and other priority issues for EAC Expected Gains from comprehensive forms of EA FTA Towards harmonization and setting targets for East Asian FTA 2

3 Background ASEAN Process with Plus Members Steady progress Comprehensive reforms with Financial liberalization CMI, FTAs, BTAs, etc Australia and New Zealand Integration with the ASEAN BTA (Singapore, Thailand, etc) Enlargement of East Asian Community Complementary effects: Strengthening agricultural and mining sector New opportunities and challenges 3

4 Features of Effective FTA Size of RTA North-South vrs South-South RTAs Macroeconomic stability Potential for trade expansion Political motivations 4

5 How Big is the Size of EAC? Comparison with NAFTA and the EU Pre- and Post-crisis periods 5

6 NAFTA EAC Y02 6 Surge of East Asian Community EU Y00 Y98 Y96 Y94 Y92 Y90 Y88 Y86 Y84 Y82 Y NAFTA EU JACIK EAC GDP in Bill US$ (Cons)

7 Strong Macroeconomic Fundamentals Strong growth potential Surge of per capita income and middle income group Foreign Direct Investment supply and demand Economic liberalization and outward orientated policy 7

8 Direction of Regional Trade Region s trade towards industrialized countries in the Eighties Gap between developed and developing countries decline during the 1990s New phase during the Asian Crisis Recent trends 8

9 Exports of JACIKAN to D/ed & D/ing Countries 80 Developing Industrial Y04 Y03 Y02 Y01 Y00 Y99 Y98 Y97 Y96 Y95 Y94 Y93 Y92 Y91 Y90 Y89 Y88 Y87 Y86 Y85 Y84 Y83 Y82 Y81 Y80 Developing Industrial 9 % of total exports

10 Asia Centric Trade Trade with developing Asia since the mid-80s Region s exports to developing Asia growing faster than any other region Exports to other developing countries regions 10

11 Is Regional Trade Asia Centric? Million US$ World Asia World Asia Africa Middle East Europe 11

12 Y04 Y02 12 Distribution of Region's Exports to Developing Countries: By Continent Asia Middle East Y00 Y98 Y96 Y94 Y92 Y90 Y88 Y86 Y84 Y82 Y Asia Africa Middle East Europe % Share in Total Exports

13 Direction of Intra-Regional Trade IRT among ASEAN countries growing since late 1980s Post crisis period level of IRX of ASEAN countries remained stagnant During Asian Crisis, IRT of ASEAN Plus declined sharply than ASEAN countries IRX of ASEAN Plus has made a sharp recovery and steady growth in IRX 13

14 IRT of ASEAN and ASEAN Plus Where do they go? IRTJacikan IRT ASEAN Y04 Y03 Y02 Y01 Y00 Y99 Y98 Y97 Y96 Y95 Y94 Y93 Y92 Y91 Y90 Y89 Y88 Y87 Y86 Y85 Y84 Y83 IRT ASEAN IRTJacikan Y82 Y81 Y Intra-regional Exports (%)

15 How Consistent is Inra-regional Exports in JACIKAN? World Jacikan IRT ASEAN Y04 Y03 Y02 Y01 Y00 Y99 Y98 Y97 Y96 Y95 Y94 Y93 Y92 Y91 Y90 Y89 Y88 Y87 Y86 Y85 Y84 Y83 Y82 Y81 Y IRT ASEAN World Jacikan Billion US$

16 Structure of Intra-Regional Trade Region s exports is dominated by manufacturing products Dominant sectors: Technology intensive sectors Low level of trade in agricultural sector 16

17 Composition of Intra Regional Manufacturing Trade In ASEAN Plus Agriculture Mining Manufacturing 17

18 Structure of Intra Regional Exports in EAC 18 % Share in Total IRX Animal Products Vegetable Fats & Oils Prepared Mineral Products Chemicals Plastics Hides & Skins Articles of Wood Pulp of wood Textile & Textile Footwear Articles of Stone Gems & Base Metals Machinery Vehicles etc Photograph & Arms and Misc Works of Art etc

19 Structure of Trade in the Region Region s trade is dominated by manufacturing sector Emerging sector Technology intensive sectors Low level of trade in agricultural sector Possibility of clash of interest between new members and JACIK economies 19

20 Difference in Export Structure: ASEAN Plus & New Members Works of Art etc Misc Arms and Photograph & Vehicles etc Machinery Base Metals Gems & Articles of Stone Footwear Textile & Textile Pulp of wood Articles of Wood Hides & Skins Plastics Chemicals Mineral Products Prepared Fats & Oils Vegetable Animal Products ASEANPlus New Members % Total Exports

21 India s Experiences with Regionalism Favouring both regionalism and multilateralism Associated with the regional process since 1975 India s engagement with certain Important regional initiatives Regional initiatives Bilateral initiatives Pan-continental initiatives India s trade ties with important East and South- East Asian countries Signed Agreements Under negotiations 21

22 Other Important Issues for the EAFTA Trade in goods Investment GATS: Movement of natural persons Trade in Environment Sensitive Goods Cooperation technology transfer Building of institutions 22

23 Potential Gains from Regional Model Potentials gain from different schemes of regional arrangements Advantage for comprehensive arrangements FTA Comprehensive arrangement including investment More broad-based arrangement goods, investment and movements of natural persons 23

24 Welfare Gains from Comprehensive Trade Liberalisations Billion US$ FTA Regional Gains FTA+ Investment FTA+ Investment+ Mode4 24

25 Effects of Regional Integration in East Asia Developing a new model for the EA FTA Salient features of CGE Model Inclusion of Australia and New Zealand Results: two scenarios FTA and Comprehensive arrangement Substantial gains from the regional countries Level of gains arrangements Choice of regional Positive impact on other sectors (wage, exports, ToT, etc) 25

26 Welfare Effects of Deeper Level of Integration FTA Comprehensive Without With Without With Japan South Korea China-Hong Kong India Australia New Zealand Indonesia Malaysia Philippines Singapore Thailand

27 Towards East Asia FTA Several initiatives in the region Variations in the level of liberalization in different initiatives Merger of individual regional initiatives Potential gains Liberalization in individual initiatives may be directed towards EAFTA targets for liberalization Setting goals for EAFTA and convergence of trade liberalization of other RTAs in the region 27

28 Setting Targets for individual FTAs to Move Towards East Asia FTA A B C D 28

29 Summing up Region has strong potential to grow Potential gain in the merger of various initiatives in the region Formulating goal setting approach Provision for short duration adjustment period to move towards EAFTA Simultaneous institutional development to support East Asia FTA process 29

30 Thanking You 30

Item

Item 385 POPULATION Total population a thousand; as of 1 July 96.4 97.4 99.1 99.8 100.1 100.4 100.8 101.1 Population density persons per square kilometer 121 122 124 125 125 126 126 126 Population annual change,

More information

Appendix A Specification of the Global Recursive Dynamic Computable General Equilibrium Model

Appendix A Specification of the Global Recursive Dynamic Computable General Equilibrium Model Appendix A Specification of the Global Recursive Dynamic Computable General Equilibrium Model The model is an extension of the computable general equilibrium (CGE) models used in China WTO accession studies

More information

Table 3: The Growth of Macro Economy in Asian Countries in 2005 and the estimation of 2006

Table 3: The Growth of Macro Economy in Asian Countries in 2005 and the estimation of 2006 INTERNATIONAL ECONOMY Asia remain to be the center of the world economic growth, particularly Southeast Asia and East Asia, which held 7.5% growth in 2005, compared to the economic growth in developed

More information

Impacts of East Asian Integration on Vietnam: A CGE Analysis

Impacts of East Asian Integration on Vietnam: A CGE Analysis Impacts of East Asian Integration on Vietnam: A CGE Analysis Nguyen Tien Dung Lecturer, Faculty of International Economics College of Economics, Vietnam National University, Hanoi Abstract: Through liberalization

More information

Economic Impact of Canada s Participation in the Comprehensive and Progressive Agreement for Trans-Pacific Partnership

Economic Impact of Canada s Participation in the Comprehensive and Progressive Agreement for Trans-Pacific Partnership Economic Impact of Canada s Participation in the Comprehensive and Progressive Agreement for Trans-Pacific Partnership Office of the Chief Economist, Global Affairs Canada February 16, 2018 1. Introduction

More information

Potential Effects of Regional Comprehensive Economic Partnership (RCEP) on the Philippine Economy*

Potential Effects of Regional Comprehensive Economic Partnership (RCEP) on the Philippine Economy* Potential Effects of Regional Comprehensive Economic Partnership (RCEP) on the Philippine Economy* Caesar B. Cororaton Presented at the Philippine Institute for Development Studies Quezon City, Metro Manila

More information

Item

Item 223 POPULATION a, b Total population million; as of 1 July 5.704 6.156 6.665 6.744 6.731 6.784 6.813 6.857 Population density c persons per square kilometer 5296 5840 6200 6260 6240 6280 6310 6350 Population

More information

GATS + Liberalization in East Asian FTAs: Architectural Aspects and Achievements

GATS + Liberalization in East Asian FTAs: Architectural Aspects and Achievements 2007/SOM2/IEG-GOS/WKSP/016 Session 3 GATS + Liberalization in East Asian FTAs: Architectural Aspects and Achievements Submitted by: World Bank Workshop on the Relationship Between Investment and Trade

More information

ASEAN+3 or ASEAN+6: Which Way Forward?

ASEAN+3 or ASEAN+6: Which Way Forward? ASEAN+3 or ASEAN+6: Which Way Forward? Masahiro Kawai Dean, ADBI Ganeshan Wignaraja Senior Economist, ADB Ten Years After the Crisis: Evolving East Asian Financial System and Challenges 12 June 2007 Tokyo,

More information

The Relative Significance of EPAs in Asia-Pacific

The Relative Significance of EPAs in Asia-Pacific The Relative Significance of EPAs in Asia-Pacific 19 June 2014 Consulting Fellow, RIETI Kenichi Kawasaki 29 October 2011 Overview The relative significance of EPAs in Asia-Pacific TPP and RCEP are shown

More information

Economic Integration in South East Asia and the Impact on the EU

Economic Integration in South East Asia and the Impact on the EU Economic Integration in South East Asia and the Impact on the EU Contents Executive summary... 4 1. Introduction... Error! Bookmark not defined. 2. Introduction to State of Economic Integration in South

More information

The Relative Significance of EPAs in Asia-Pacific

The Relative Significance of EPAs in Asia-Pacific The Relative Significance of EPAs in Asia-Pacific 10 November 2015 Kenichi Kawasaki GRIPS/JIIA/RIETI 29 October 2011 Overview The relative significance of EPAs in Asia-Pacific TPP and RCEP are shown to

More information

Regional Trade and Economic Integration

Regional Trade and Economic Integration Regional Trade and Economic Integration Analytical Insights and Policy Options Ram Upendra Das Research and Information System for Developing Countries, India Piyadasa Edirisuriya Monash University, Australia

More information

World Economic Trend, Autumn 2004, No. 6

World Economic Trend, Autumn 2004, No. 6 World Economic Trend, Autumn 24, No. 6 Published on November 5 by the Cabinet Office (summary) The autumn report focuses on three topics: an analysis of Cluster ; long range prospects for the world economy;

More information

Rina Oktaviani Bogor Agricultural University, Indonesia

Rina Oktaviani Bogor Agricultural University, Indonesia Dhaka Roundtable on Reviving the Multilateral Trading System: Post-Bali Issues 23 24 November 2014, Bangladesh Session 6 Post-2015 International ti Development Agenda and Multilateral Trading System by

More information

Asokan R Raja Executive Director Centre for Indian Trade and Export Promotion (formerly Jt.Dy. Director General, FIEO

Asokan R Raja Executive Director Centre for Indian Trade and Export Promotion (formerly Jt.Dy. Director General, FIEO Asokan R Raja Executive Director Centre for Indian Trade and Export Promotion (formerly Jt.Dy. Director General, FIEO (set up by Ministry of Commerce, Govt. of India) The RCEP includes some of the world

More information

Prospects for Monetary Cooperation in Asia: ASEAN+3 and Beyond

Prospects for Monetary Cooperation in Asia: ASEAN+3 and Beyond Prospects for Monetary Cooperation in Asia: ASEAN+3 and Beyond Masahiro Kawai University of Tokyo High-Level Conference on Asian Economic Integration: Vision of a New Asia Organized by RIS, CEAC, DRC,

More information

Global Economic Management and Asia s Responsibility Masahiro Kawai Asian Development Bank Institute

Global Economic Management and Asia s Responsibility Masahiro Kawai Asian Development Bank Institute Global Economic Management and Asia s Responsibility Masahiro Kawai Asian Development Bank Institute PECC 18 th General Meeting Economic Crisis and Recovery: Roles for the Asia-Pacific Economies Washington,

More information

Environmental Tax Reform for Low Carbon Green Growth: Major findings and policy implications from a multi-regional economic simulation analysis

Environmental Tax Reform for Low Carbon Green Growth: Major findings and policy implications from a multi-regional economic simulation analysis Environmental Tax Reform for Low Carbon Green Growth: Major findings and policy implications from a multi-regional economic simulation analysis PARK Seung-Joon (Kwansei Gakuin Univ.) Masato YAMAZAKI (National

More information

Economic Institution Building in Asia

Economic Institution Building in Asia Economic Institution Building in Asia Masahiro Kawai Dean Asian Development Bank Institute Institution Building in Asia for Peace and Development Organized by the Asian Peace Science Network (APSN), JICA-RI,

More information

( ) Page: 1/60 FACTUAL PRESENTATION FREE TRADE AGREEMENT BETWEEN THE ASSOCIATION OF SOUTHEAST ASIAN NATIONS (ASEAN) AND INDIA (GOODS)

( ) Page: 1/60 FACTUAL PRESENTATION FREE TRADE AGREEMENT BETWEEN THE ASSOCIATION OF SOUTHEAST ASIAN NATIONS (ASEAN) AND INDIA (GOODS) WT/COTD/RTA/8/1 14 December 216 (16-6789) Page: 1/6 Committee on Trade and Development Dedicated Session on Regional Trade Agreements FACTUAL PRESENTATION FREE TRADE AGREEENT BETWEEN THE ASSOCIATION OF

More information

2007/SOM2/IEG-GOS/WKSP/002a Services in International Investment Agreements (IIA) - Presentation

2007/SOM2/IEG-GOS/WKSP/002a Services in International Investment Agreements (IIA) - Presentation 2007/SOM2/IEG-GOS/WKSP/002a Services in International Investment Agreements (IIA) - Presentation Purpose: Information Submitted by: Workshop on the Relationship Between Investment and Trade in Services

More information

Is Southeast Asia Still Too Dependent on U.S. Growth? Claire Innes Asia-Pacific Group Global Insight

Is Southeast Asia Still Too Dependent on U.S. Growth? Claire Innes Asia-Pacific Group Global Insight Is Southeast Asia Still Too Dependent on U.S. Growth? Claire Innes Asia-Pacific Group Global Insight Agenda Southeast Asia s growth model A shift to domestic demand-led Growth? The development of an intra-regional

More information

ASEAN-Korea Economic Relationship:

ASEAN-Korea Economic Relationship: ASEAN-Korea Economic Relationship: A Road to More Active Future Cooperation. Choong Lyol Lee, Professor Department of Economics and Statistics Korea University at Sejong ASEAN-Korea Economic Relationship:

More information

The Evolving Role of Trade in Asia: Opening a New Chapter. Fall 2018 REO Background Paper

The Evolving Role of Trade in Asia: Opening a New Chapter. Fall 2018 REO Background Paper The Evolving Role of Trade in Asia: Opening a New Chapter Fall 2018 REO Background Paper Outline Trade Tensions and Spillovers: Spotlight on Asia Gains from Liberalization 2 Trade tensions have escalated.

More information

PTA s INVESTMENT CHAPTER: THE JUXTOPOSITION OF THE INVESTMENT LIBERALISATION PROVISION

PTA s INVESTMENT CHAPTER: THE JUXTOPOSITION OF THE INVESTMENT LIBERALISATION PROVISION PTA s INVESTMENT CHAPTER: THE JUXTOPOSITION OF THE INVESTMENT LIBERALISATION PROVISION Sufian Jusoh Institute of Malaysian and International Studies (IKMAS) Regional Dialogue On ENHANCING THE CONTRIBUTION

More information

Division on Investment and Enterprise

Division on Investment and Enterprise Division on Investment and Enterprise Readers are encouraged to use the data in this publication for non-commercial purposes, provided acknowledgement is explicitly given to UNCTAD, together with the reference

More information

SOUTH SOUTH TRADE MONITOR

SOUTH SOUTH TRADE MONITOR SOUTH SOUTH TRADE MONITOR No. 2 July 2013 Total South-South trade: In 2011, South South merchandize exports reached $4 trillion. Since 2008/2009, the South has been exporting more to other developing countries

More information

Impacts on Global Trade and Income of Current Trade Disputes

Impacts on Global Trade and Income of Current Trade Disputes Public Disclosure Authorized July 2018 Number 2 Public Disclosure Authorized Public Disclosure Authorized Public Disclosure Authorized Impacts on Global Trade and Income of Current Trade Disputes Caroline

More information

CHAPTER 2 International Trade Activities of Thai SMEs

CHAPTER 2 International Trade Activities of Thai SMEs CHAPTER 2 International Trade Activities of Thai SMEs 2.1 Overview of International Trade Situation in 217 For 217 Thailand s all-industries export value reached a total of 8,6,265.18 M baht which represented

More information

Economic Impact of Canada s Potential Participation in the Trans-Pacific Partnership Agreement

Economic Impact of Canada s Potential Participation in the Trans-Pacific Partnership Agreement Economic Impact of Canada s Potential Participation in the Trans-Pacific Partnership Agreement Office of the Chief Economist Show table of contents 1. Introduction The Trans-Pacific Partnership Agreement

More information

Promoting Trade and Connectivity in LDCs: ESCAP s Perspective

Promoting Trade and Connectivity in LDCs: ESCAP s Perspective Promoting Trade and Connectivity in : ESCAP s Perspective High-Level Asia-Pacific Policy Dialogue on the Implementation of the Istanbul Programme of Action for the Least Developed Countries for the Decade

More information

Coping with Trade Reforms: A Developing Country Perspective of the On-going WTO Doha Round of Negotiations

Coping with Trade Reforms: A Developing Country Perspective of the On-going WTO Doha Round of Negotiations United Nations Conference of Trade and Development Coping with Trade Reforms: A Developing Country Perspective of the On-going WTO Doha Round of Negotiations United Nations New York, 8 July 2008 Santiago

More information

III. TRADE-RELATED ASPECTS OF INVESTMENT POLICIES. (1) Foreign Direct Investment: General Policy Direction

III. TRADE-RELATED ASPECTS OF INVESTMENT POLICIES. (1) Foreign Direct Investment: General Policy Direction Page 26 III. TRADE-RELATED ASPECTS OF INVESTMENT POLICIES (1) Foreign Direct Investment: General Policy Direction 1. Singapore's rapid economic growth has been to a large extent due to massive foreign

More information

Improving market access for agricultural. other preferential treatments

Improving market access for agricultural. other preferential treatments WTO/ESCAP/UPSE Regional Seminar on Trade in Agriculture And Agriculture Negotiations 16-18 October 2012 Quezon City, Philippines Improving market access for agricultural products: RTAs and other preferential

More information

Singapore 17 AUG 2012.

Singapore 17 AUG 2012. RESEARCHERS AT SINGAPORE S INSTITUTE OF SOUTHEAST ASIAN STUDIES SHARE THEIR UNDERSTANDING OF CURRENT EVENTS Singapore 17 AUG 2012. RCEP: Going Beyond ASEAN+1 FTAs Sanchita Basu Das During the 21 st ASEAN

More information

External Trade. EU TRADE & INVESTMENT POLICY & THE ROLE OF FTAs. ASEAN OECD INVESTMENT POLICY CONFERENCE November 2010

External Trade. EU TRADE & INVESTMENT POLICY & THE ROLE OF FTAs. ASEAN OECD INVESTMENT POLICY CONFERENCE November 2010 EU TRADE & INVESTMENT POLICY & THE ROLE OF FTAs ASEAN OECD INVESTMENT POLICY CONFERENCE 18 19 November 2010 EU INVESTMENT AFTER LISBON LISBON TREATY STEPPING UP EU AMBITIONS: EU Investment policy EU Trade

More information

China s FTA Arrangement with Other Countries and. Its Prospect

China s FTA Arrangement with Other Countries and. Its Prospect Zhang Jianping * National Development and Reform Commission FTA 1 is one of the most important forms of regional trade arrangement in the world. In recent years, it has been developing rapidly as an approach

More information

WORLD TRADE ORGANIZATION

WORLD TRADE ORGANIZATION WORLD TRADE ORGANIZATION WT/REG216/2 6 February 2009 (09-0601) Committee on Regional Trade Agreements FACTUAL PRESENTATION Economic Partnership Agreement between Japan and Malaysia (Goods and Services)

More information

Japan-ASEAN Comprehensive Economic Partnership

Japan-ASEAN Comprehensive Economic Partnership Japan- Comprehensive Economic Partnership By Dr. Kitti Limskul 1. Introduction The economic cooperation between countries and Japan has been concentrated on trade, investment and official development assistance

More information

Updating NAFTA: Implications of the Trans-Pacific and Trans-Atlantic Partnerships

Updating NAFTA: Implications of the Trans-Pacific and Trans-Atlantic Partnerships Updating NAFTA: Implications of the Trans-Pacific and Trans-Atlantic Partnerships Jeffrey J. Schott Senior Fellow Peterson Institute for International Economics Mexico and the United States: Building on

More information

Business Cycle Co-movements and Economic Integration in East Asia

Business Cycle Co-movements and Economic Integration in East Asia RIETI-CASS-CESSA Joint Workshop on Establishing Surveillance Indicators for Monetary Cooperation between China and Japan, Beijing, October 28, 2012 Business Cycle Co-movements and Economic Integration

More information

Economic Integration in Asia: The Case of ASEAN+3. Pradumna B Rana RSIS Prepared for IPS s 16 th Singapore Economic Roundtable 8 November 2011

Economic Integration in Asia: The Case of ASEAN+3. Pradumna B Rana RSIS Prepared for IPS s 16 th Singapore Economic Roundtable 8 November 2011 Economic Integration in Asia: The Case of ASEAN+3 Pradumna B Rana RSIS Prepared for IPS s 16 th Singapore Economic Roundtable 8 November 2011 OUTLINE I. Definitions and Thesis II. III. IV. Drivers of Post-WWII

More information

ASEAN Regionalization. Professor Dr. Lawan Thanadsillapakul Kyushu University

ASEAN Regionalization. Professor Dr. Lawan Thanadsillapakul Kyushu University ASEAN Regionalization Professor Dr. Lawan Thanadsillapakul Kyushu University ASEAN Regionalization Historical background Economic cooperation Programs and the new framework Agreements for ASEAN regionalization

More information

Recent developments in international trade and in the use of trade policy instruments

Recent developments in international trade and in the use of trade policy instruments Recent developments in international trade and in the use of trade policy instruments Short courses for Permanent Missions in Geneva Organised by the Division on Technology and Logistics Delivered by the

More information

Japan s New Trade Policy in Asia-Pacific

Japan s New Trade Policy in Asia-Pacific Japan s New Trade Policy in Asia-Pacific August 22, 2013 Shujiro URATA Waseda University 1 Contents I. Japan s Economic Situation II. High Economic Growth and Regional Economic Integration in Asia-Pacific

More information

Financial Convergence in Asia

Financial Convergence in Asia Financial Convergence in Asia C.P. Chandrasekhar and Jayati Ghosh The discussion on the direction that financial regulation should take in Asia inevitably turns to the diversity in regulation across countries

More information

Harnessing Globalisation to Build a Better World for the Benefit of All. Yose Rizal Damuri Centre for Strategic and International Studies

Harnessing Globalisation to Build a Better World for the Benefit of All. Yose Rizal Damuri Centre for Strategic and International Studies Harnessing Globalisation to Build a Better World for the Benefit of All Yose Rizal Damuri Centre for Strategic and International Studies Growing Discontent about Globalisation Dissatisfaction over trade

More information

Free Trade Agreements and the Multilateral Trade System. FTA and WTO/Harmonization /Developing Countries/Environment Mitsuo Matsushita

Free Trade Agreements and the Multilateral Trade System. FTA and WTO/Harmonization /Developing Countries/Environment Mitsuo Matsushita Free Trade Agreements and the Multilateral Trade System FTA and WTO/Harmonization /Developing Countries/Environment Mitsuo Matsushita 1 1. Proliferation of FTA In 1990, 27 FTA, in 2007, 205 FTA were registered

More information

Understanding Big Picture -- Stories of Trade, CAB, and BOP

Understanding Big Picture -- Stories of Trade, CAB, and BOP Understanding Big Picture -- Stories of Trade, CAB, and BOP (S I X M ) (for Students in the GAD Course, GSID, Nagoya Univ.) Prof. Shigeru T. OTSUBO GSID, Nagoya University December 2005 1 Trade, CAB, and

More information

Understanding Big Picture -- Stories of Trade, CAB, and BOP (S I X M )

Understanding Big Picture -- Stories of Trade, CAB, and BOP (S I X M ) Understanding Big Picture -- Stories of Trade, CAB, and BOP (S I X M ) (for Students in the MABE Program, Chulalongkorn Univ.) Prof. Shigeru T. OTSUBO GSID, Nagoya University August 2003 1 Trade, CAB,

More information

Developing Asia: robust growth prevails. Economics and Research Department Asian Development Bank

Developing Asia: robust growth prevails. Economics and Research Department Asian Development Bank Developing Asia: robust growth prevails Economics and Research Department Asian Development Bank Preview Prospects for world economy in 2006-2007: positive but risks remain Developing Asia in 2006-2007:

More information

International Monetary Fund Washington, D.C.

International Monetary Fund Washington, D.C. 2005 International Monetary Fund September 2005 IMF Country Report No. 05/357 Brunei Darussalam: Statistical Appendix This Statistical Appendix paper for Brunei Darussalam was prepared by a staff team

More information

Critical Issues on Investment Law Harmonization within ASEAN

Critical Issues on Investment Law Harmonization within ASEAN Critical Issues on Investment Law Harmonization within ASEAN By: Mariani Sallehuddin Overview The Association of South East Asian Nations (ASEAN) was established in 1967 with the signing of the Bangkok

More information

Korea and the TPP: The Inevitable Partnership Jeffrey J. Schott Senior Fellow Peterson Institute for International Economics

Korea and the TPP: The Inevitable Partnership Jeffrey J. Schott Senior Fellow Peterson Institute for International Economics Korea and the TPP: The Inevitable Partnership Jeffrey J. Schott Senior Fellow Peterson Institute for International Economics September 28, 2015 1 TPP Recap: Key Objectives of the Deal Expand opportunities

More information

ECONOMIC REPORT CARD. Quarter 3 (July 1 - Sept 30, 2017)

ECONOMIC REPORT CARD. Quarter 3 (July 1 - Sept 30, 2017) ECONOMIC REPORT CARD Quarter 3 (July 1 - Sept 30, 2017) P1 Economic Report Card, Medicine Hat Q3 2017 TABLE OF CONTENTS P3 Key Economic Indicators P5 Analysis P5 Demographics P6 Labour Market P7 NAFTA

More information

Competitiveness, impacts, and possible choices of Thailand in the framework of TPP

Competitiveness, impacts, and possible choices of Thailand in the framework of TPP Competitiveness, impacts, and possible choices of Thailand in the framework of TPP Wannaphong Durongkaveroj 1*, Chamaiporn Roongsaprangsee 2 and TuangpornJanthok 2 ABSTRACT Trans-Pacific Partnership (TPP)

More information

Are we on the right track?

Are we on the right track? Indonesia s Economic Transformation Are we on the right track? Prof. Suahasil Nazara Chairman of Fiscal Policy Agency Bali, 6 December 2018 OUTLINE Aspiration to achieve high-income status National goals

More information

ANZ Submission to the Joint Standing Committee on Trade and Investment Growth Inquiry into Australia s Trade and Investment Relationship with

ANZ Submission to the Joint Standing Committee on Trade and Investment Growth Inquiry into Australia s Trade and Investment Relationship with ANZ Submission to the Joint Standing Committee on Trade and Investment Growth Inquiry into Australia s Trade and Investment Relationship with Indonesia February 2017 A. INTRODUCTION 1. ANZ welcomes the

More information

Introduction to INDONESIA

Introduction to INDONESIA Introduction to INDONESIA Indonesia is the fifth largest economy in Asia in nominal GDP terms and the third most populous nation behind China and India. It has recorded strong economic growth over the

More information

APEC AND PROGRESS TOWARD BOGOR GOALS

APEC AND PROGRESS TOWARD BOGOR GOALS APEC AND PROGRESS TOWARD BOGOR GOALS Inter-American Development Bank March 2010 This document was prepared by the Integration and Trade Sector (INT) of the Inter-American Development Bank (IDB) for the

More information

Free Trade Agreements in Asia: A Progress Report

Free Trade Agreements in Asia: A Progress Report VOL 4, NO 6 October 009 Free Trade Agreements in Asia: A Progress Report A number of Asian countries have been actively working toward conclusions of Free Trade Agreements (FTA s). India and South Korea

More information

Role of RCI in Addressing Developing Asia s Long-term Challenges

Role of RCI in Addressing Developing Asia s Long-term Challenges Role of RCI in Addressing Developing Asia s Long-term Challenges Yasuyuki Sawada Chief Economist and Director General Economic Research and Regional Cooperation Department Asian Development Bank International

More information

Introduction to PHILIPPINES

Introduction to PHILIPPINES Introduction to PHILIPPINES With a population of about 100 million people, the Philippines, which comprises more than 7,000 islands, is the 12th most populous country in the world. An additional 12 million

More information

Report on Finnish Technology Industry Exports

Report on Finnish Technology Industry Exports Report on Finnish Technology Industry Exports Last observation October 2018, 2.1.2019 Goods Export of Technology Industry from Finland Goods Export of Technology Industry from Finland by Branches Source:

More information

TPP11 Agreement in Principle: Japan s Role in Mega-regional Trade Agreements

TPP11 Agreement in Principle: Japan s Role in Mega-regional Trade Agreements TPP11 Agreement in Principle: Japan s Role in Mega-regional Trade Agreements December 15, 2017 Shujiro URATA Waseda University Contents Mega-regional FTA Negotiations Japan s objectives behind mega-regional

More information

ASEAN Financial Integration towards ASEAN 2025:

ASEAN Financial Integration towards ASEAN 2025: ASEAN Financial Integration towards ASEAN 2025: Call for a well-coordinated supervisory and regulatory framework Satoru (Tomo) Yamadera Principal Financial Sector Specialist Asian Development Bank Outline

More information

A way out of preferential deals OECD Global Forum on Trade 2014, February, OECD Conference Centre, Paris

A way out of preferential deals OECD Global Forum on Trade 2014, February, OECD Conference Centre, Paris A way out of preferential deals OECD Global Forum on Trade 2014, 11-12 February, OECD Conference Centre, Paris Jayant Menon Lead Economist (Trade and Regional Cooperation) Office of Regional Economic Integration

More information

The Impact of Free Trade Agreements in Asia

The Impact of Free Trade Agreements in Asia RIETI Discussion Paper Series 03-E-018 The Impact of Free Trade Agreements in Asia KAWASAKI Kenichi RIETI The Research Institute of Economy, Trade and Industry http://www.rieti.go.jp/en/ RIETI Discussion

More information

GASIFICATION TECHNOLOGIES CONFERENCE 2015 INDONESIA-CURRENT OUTLOOK FOR FOREIGN INVESTMENT. Richard Cant-North American Director October 12 th, 2015

GASIFICATION TECHNOLOGIES CONFERENCE 2015 INDONESIA-CURRENT OUTLOOK FOR FOREIGN INVESTMENT. Richard Cant-North American Director October 12 th, 2015 GASIFICATION TECHNOLOGIES CONFERENCE 2015 INDONESIA-CURRENT OUTLOOK FOR FOREIGN INVESTMENT Richard Cant-North American Director October 12 th, 2015 www.dezshira.com About Dezan Shira & Associates We are

More information

APEC, East Asia Consortium and Global Imbalance

APEC, East Asia Consortium and Global Imbalance APEC, East Asia Consortium and Global Imbalance --for US-JI Symposium 2010 Xiaopeng Yin UIBE, China Presentation Outline 1. Proposed Role and Current Status of APEC Economic integration and regional co-op

More information

Elephants in a bazaar?

Elephants in a bazaar? Elephants in a bazaar? The TTIP and TPP effects on developing countries and the multilateral trade system Max Mendez-Parra, International Economic Development Group, ODI @m_mendezparra Why Mega-regionals?

More information

A. Definitions and sources of data

A. Definitions and sources of data Poland A. Definitions and sources of data Data on foreign direct investment (FDI) in Poland are reported by the National Bank of Poland (NBP), the Polish Agency for Foreign Investment (PAIZ) and the Central

More information

Session 1 : Economic Integration in Asia: Recent trends Session 2 : Winners and losers in economic integration: Discussion

Session 1 : Economic Integration in Asia: Recent trends Session 2 : Winners and losers in economic integration: Discussion Session 1 : 09.00-10.30 Economic Integration in Asia: Recent trends Session 2 : 11.00-12.00 Winners and losers in economic integration: Discussion Session 3 : 12.30-14.00 The Impact of Economic Integration

More information

Have International Investment Agreements had an impact on Science, Technology, and Innovation in the Asia-Pacific region? Preliminary Analysis

Have International Investment Agreements had an impact on Science, Technology, and Innovation in the Asia-Pacific region? Preliminary Analysis Have International Investment Agreements had an impact on Science, Technology, and Innovation in the Asia-Pacific region? Preliminary Analysis ACED 2016 ADB Conference on Economic Development in 2016 The

More information

Mega-Regional Trading Arrangements: TPP and TTIP - how China and other emerging economy react to the new rules governing the trade and investment?

Mega-Regional Trading Arrangements: TPP and TTIP - how China and other emerging economy react to the new rules governing the trade and investment? Mega-Regional Trading Arrangements: TPP and TTIP - how China and other emerging economy react to the new rules governing the trade and investment? Jiang, Qing-Yun Shanghai University of International Business

More information

ANNEX ONE SINGAPORE 1. INTRODUCTION

ANNEX ONE SINGAPORE 1. INTRODUCTION ANNEX ONE SINGAPORE 1. INTRODUCTION As described in section 2 of the position paper, following the pause in negotiations of the regional ASEAN-EU FTA in March 2009, the Council in December 2009 gave the

More information

Review of the Economy. E.1 Global trends. January 2014

Review of the Economy. E.1 Global trends. January 2014 Export performance was robust during the third quarter, partly on account of the sharp depreciation in the exchange rate of the rupee and partly on account of a modest recovery in major advanced economies.

More information

ASIA IN THE WORLD ECONOMY: THREE POLICY CHALLENGES

ASIA IN THE WORLD ECONOMY: THREE POLICY CHALLENGES ASIA IN THE WORLD ECONOMY: THREE POLICY CHALLENGES Razeen Sally EFN ASIA CONFERENCE 2012 Hong Kong, 7 th November 2112 ASIA IN THE WORLD ECONOMY Setting the scene - Shift to the East, accelerated by the

More information

Korea s FTAs: Current Status and Issues

Korea s FTAs: Current Status and Issues JEF- PIIE Symposium Korea s FTAs: Current Status and Issues Chulsu Kim Institute for Trade and Investment Seoul November 27, 2007 1. Overview of Korea s FTAs Status Korea s FTA Partners Implemented Chile

More information

Introduction to MALAYSIA

Introduction to MALAYSIA Introduction to MALAYSIA Malaysia is an upper-middle income, highly open economy with a record of strong economic performance and poverty reduction since independence from Great Britain in 1957. Malaysia

More information

Whither the ASEAN Economic Community in ?

Whither the ASEAN Economic Community in ? Whither the ASEAN Economic Community in 2025 2035? Ken Itakura Professor, Graduate School of Economics Nagoya City University In December 2015, 10 Association of Southeast Asian Nations (ASEAN) Member

More information

Understanding the Macroeconomic Scenario: Global Demand, Global Supply Chains

Understanding the Macroeconomic Scenario: Global Demand, Global Supply Chains Understanding the Macroeconomic Scenario: Global Demand, Global Supply Chains 12 June 2014 Fabio Sdogati, fabio.sdogati@polimi.it Table of Contents 1. Economic Scenario after the Great Recession 2. Structural

More information

Yen and Yuan. The Impact of Exchange Rate Fluctuations on the Asian Economies. C. H. Kwan RIETI

Yen and Yuan. The Impact of Exchange Rate Fluctuations on the Asian Economies. C. H. Kwan RIETI Yen and Yuan The Impact of Exchange Rate Fluctuations on the Asian Economies C. H. Kwan RIETI November 21 The Yen-dollar Rate as the Major Determinant of Asian Economic Growth -4-3 -2 Stronger Yen Yen

More information

STRUCTURAL CHALLENGES FACING THE SINGAPORE ECONOMY

STRUCTURAL CHALLENGES FACING THE SINGAPORE ECONOMY STRUCTURAL CHALLENGES FACING THE SINGAPORE ECONOMY Presentation to The Singapore Economic Policy Forum 21 st October 2011 Manu Bhaskaran Vice-President Economic Society of Singapore KEY TAKEAWAYS Structural

More information

Current Status and Future Prospects of the TPP Negotiations

Current Status and Future Prospects of the TPP Negotiations Current Status and Future Prospects of the TPP Negotiations Jeffrey J. Schott Senior Fellow Peterson Institute for International Economics Prepared for a seminar at RIETI Tokyo, Japan 31 January 2014 1

More information

Investment Policy Liberalization and Cooperation in ASEAN: Thailand s View

Investment Policy Liberalization and Cooperation in ASEAN: Thailand s View Investment Policy Liberalization and Cooperation in ASEAN: Thailand s View By Jaratrus Chamratrithirong 18 November 2010 Jakarta Roadmap Investment Policy Liberalization and Cooperation in ASEAN: An Overview

More information

Analysis of Regional Investment Frameworks Worldwide

Analysis of Regional Investment Frameworks Worldwide Analysis of Regional Investment Frameworks Worldwide Sophie WERNERT Policy analyst Meeting of Working Group 1 MENA-OECD Investment Programme 15-16 February 2010, Amman, Jordan OECD Private Sector Development

More information

AUSTRALIA S POLICIES TOWARDS PROTECTION AND FREE TRADE

AUSTRALIA S POLICIES TOWARDS PROTECTION AND FREE TRADE AUSTRALIA S POLICIES TOWARDS PROTECTION AND FREE TRADE Tim Riley Director Economic Literacy Centre PROTECTION: TARIFFS AND SUBSIDIES Economic Arguments: Protect infant industries Protect employment during

More information

Japan growing with Asia's development - Asia-Pacific framework toward

Japan growing with Asia's development - Asia-Pacific framework toward Chapter 2 sustainable growth growing with 's development - -Pacific framework toward Section 3 Expansion of n consumer market. Targeting to be a quality market. The section 2 confirmed while is gaining

More information

OCBC WING HANG BANK LIMITED

OCBC WING HANG BANK LIMITED 1 ALLIANZ ASIAN MULTI INCOME PLUS MEDIUM 2 ALLIANZ CHINA EQUITY MEDIUM TO HIGH 3 ALLIANZ EMERGING ASIA EQUITY MEDIUM TO HIGH 4 ALLIANZ EUROPE EQUITY GROWTH SELECT MEDIUM TO HIGH 5 ALLIANZ EUROPEAN EQUITY

More information

Legal Review of FTA Tariff Negotiations

Legal Review of FTA Tariff Negotiations Legal Review of FTA Tariff Negotiations Prof. Jong Bum Kim August 6, 2007 Legal Review of FTA Tariff Negotiations 1. Recent state of FTAs in the world Causes behind FTA Proliferation 2. WTO Consistent

More information

Growing Asia: Its Promising Markets

Growing Asia: Its Promising Markets Prepared for ASF Annual General Meeting 2011 Growing Asia: Its Promising Markets Sung-Uk Yang Sep 29, 2011 Korea Financial Investment Association Table of Contents I. Intro: Recent Issues II. III. IV.

More information

Asia and the Pacific: Economic Outlook. PFTAC Steering Committee Meeting March 27, 2018 Suva, Fiji

Asia and the Pacific: Economic Outlook. PFTAC Steering Committee Meeting March 27, 2018 Suva, Fiji Asia and the Pacific: Economic Outlook PFTAC Steering Committee Meeting March 27, 2018 Suva, Fiji 1 Growth in the region remains strong... Growth Projections: World and Selected Asia (Percent change from

More information

Role of PTAs for Promoting MSMEs Integration in GVCs

Role of PTAs for Promoting MSMEs Integration in GVCs Role of PTAs for Promoting MSMEs Integration in GVCs Masato Abe, Ph.D. IEDS, TIID, ESCAP Regional Dialogue on ENHANCING THE CONTRIBUTION OF PREFERENTIAL TRADE AGREEMENTS TO INCLUSIVE AND EQUITABLE TRADE

More information

Models for Services Negotiation in RTA/FTA: Options for Developing Countries

Models for Services Negotiation in RTA/FTA: Options for Developing Countries 2006/SOM1/CTI/FTA-RTA/009 Models for Services Negotiation in RTA/FTA: Options for Developing Countries Submitted by: USA APEC Workshop on Best Practices in Trade Policy for RTAs/FTAs: Practical Lessons

More information

Preview. Chapter 10. Introduction. Introduction

Preview. Chapter 10. Introduction. Introduction Chapter 10 Trade Policy in Developing Countries Preview Import substituting industrialization Trade liberalization since 1985 Export oriented industrialization Slides prepared by Thomas Bishop Copyright

More information

Indonesia. Sourcing from. A country guide for volume buyers.

Indonesia. Sourcing from. A country guide for volume buyers. with the support of Jakarta www.globalsources.com/mobileelectronics www.developingcountrysourcing.com CONTENTS EXECUTIVE SUMMARY 3 Getting oriented KEY EXPORT STATISTICS 4 Export growth in 2015 MANUFACTURING

More information

World Economy: Prospects and Risks Masahiro Kawai Graduate School of Public Policy Univ. of Tokyo

World Economy: Prospects and Risks Masahiro Kawai Graduate School of Public Policy Univ. of Tokyo World Economy: Prospects and Risks Masahiro Kawai Graduate School of Public Policy Univ. of Tokyo Seoul 13 June 2017 Prospects of the World Economy The world economy is growing in 2017 The US Fed continues

More information

( ) Page: 1/6 DUTY-FREE AND QUOTA-FREE (DFQF) MARKET ACCESS FOR LEAST DEVELOPED COUNTRIES REPORT BY THE SECRETARIAT 1

( ) Page: 1/6 DUTY-FREE AND QUOTA-FREE (DFQF) MARKET ACCESS FOR LEAST DEVELOPED COUNTRIES REPORT BY THE SECRETARIAT 1 22 November 2016 (16-6392) Page: 1/6 Committee on Trade and Development DUTY-FREE AND QUOTA-FREE (DFQF) MARKET ACCESS FOR LEAST DEVELOPED COUNTRIES REPORT BY THE SECRETARIAT 1 1 INTRODUCTION 1.1. The Sixth

More information