publication . Article . Preprint . 2015

ASEAN: Regional Integration and Reforms

Mari Pangestu; Lili Yan Ing;
Open Access
  • Published: 01 Sep 2015 Journal: Asian Economic Papers, volume 15, pages 44-60 (issn: 1535-3516, eissn: 1536-0083, Copyright policy)
  • Publisher: MIT Press - Journals
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 wi...
free text keywords: Political Science and International Relations, Economics and Econometrics, Finance, ASEAN, integration, global value chains, free trade agreement, reforms, International free trade agreement, Trade barrier, Economic integration, Regional integration, Trade and development, Southeast asian, Trade creation, Business, International trade, business.industry, Free trade, International economics, jel:F1, jel:F14, jel:F15

ASEAN Secretariat (2006), Statistics of Foreign Direct Investment in ASEAN (2006), (accessed in November 2013).

ASEAN Secretariat (2009a), ASEAN Comprehensive Investment Agreement (ACIA). Available at:

ASEAN Secretariat (2009b), 'Investment', in Agreement Establishing the ASEANAustralia-New Zealand Free Trade Area. Available at: Krugman, P. (1991), The Move toward Free Trade Zones, Proceedings - Economic Policy Symposium - Jackson Hole, pp.7-58.

Medalla, E. and J. Balboa (2009), 'ASEAN Rules of Origin: Lessons and Recommendations for Best Practice', ERIA Discussion Paper No. 2009-17, Jakarta: ERIA. [OpenAIRE]

Nikomborirak, D. (2015), 'The ASEAN Economic Community (AEC): Myths and Realities', Journal of Asian Economic Papers, 14(2), pp.71-90. [OpenAIRE]

Pangestu, M., S. Rahardja, and L.Y. Ing (2015),'50 Years of Trade Policy in Indonesia: New World Trade, Old Treatment', Bulletin of Indonesian Economic Studies, 51(2), pp.239-261.

Richardson, M. (2001), 'Unilateral Liberalisation in a Multilateral World', Economics Discussion Papers No. 0102, Dunedin, New Zealand: University of Otago.

Summers, L. (1991), 'Regionalism and the World Trading System,' Proceedings - Economic Policy Symposium - Jackson Hole, pp. 295-301.

Tradingeconomics (2015), Tradingeconomics Database.

Any information missing or wrong?Report an Issue