[ADB Working Paper Series No. 75]
(March 2011)

 
Abstract
Expanding trade with East Asia’s “Big Three” economic giants—the People’s Republic of China (PRC), Japan, and the Republic of Korea—offers a new potential source of growth for ASEAN in the post-global-crisis period. In fact, ASEAN has been actively pursuing trade liberalization with the Big Three. The central objective of this paper is to qualitatively and quantitatively assess the different permutations of ASEAN’s free trade agreements (FTAs) with the Big Three (e.g., ASEAN–PRC, ASEAN–Japan, ASEAN–Republic of Korea, and ASEAN+3). Our qualitative analysis is based on the theory of economic integration, and our quantitative analysis is based on a CGE model. The two types of analyses both suggest that an ASEAN+3 FTA would deliver the largest benefits for the region. 

[관련자료]
학술보고서 : The Impact of Free Trade Agreements on Business Activity: A Survey of Firms in the Peoples Republic of China

학술보고서 : Processing Trade, Exchange Rates, and the People's Republic of China's Bilateral Trade Balances