Download or read book The Impact of the China ASEAN Free Trade Agreement on FDI and Export written by and published by . This book was released on 2011 with total page 53 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book ASEAN China Free Trade Area written by Aslam Mohamed and published by LAP Lambert Academic Publishing. This book was released on 2012 with total page 408 pages. Available in PDF, EPUB and Kindle. Book excerpt: In November 2002 ASEAN and China signed an agreement to form an FTA by 2010. It is anticipated that both parties will gain from the FTA. However, the rapid growth of China since the early 1990s is now seen as a threat to the future of ASEAN's economic growth. The trade sector is the backbone of ASEAN's economic growth, and China's impressive economic growth and development, coupled with its low cost of production have created trade and investment diversions for most members of ASEAN. The strong competition between the regions is attributed to the factor of homogeneity in production and exports: what ASEAN produces and exports, China produces and exports as well. Thus, countries which have the lowest cost of production will gain in trading. Investment diversion happens in two forms: (1) new investments or foreign firms preferring China to ASEAN; and (2) re-location of foreign firms from ASEAN countries to China (Singapore and Malaysia have experienced this phenomenon). We believes that the ACFTA does not promise total gains to members of ASEAN.

Download or read book The Effects of East Asian Free Trade Agreements on Foreign Direct Investment written by Qiaomin Li and published by . This book was released on 2015 with total page 165 pages. Available in PDF, EPUB and Kindle. Book excerpt: The proliferation of Free Trade Agreements (FTAs) in East Asia has triggered extensive studies about the economic effects of FTAs. With trade and welfare effects as the focuses of many studies, the Foreign Direct Investment (FDI) effect has attracted relatively less attention. Given that attracting FDI is a common goal of FTAs, it is important to fill this gap. This thesis fills the gap by assessing the FDI effects of ASEAN-China Free Trade Agreement (ACFTA) through econometric models and by simulating the FDI effect of Regional Comprehensive Economic Partnership (RCEP) through a Computable General Equilibrium (CGE) model. I summarized three effects of Free Trade Agreements (FTAs) on FDI from the literature regarding theoretical links between trade liberalization and FDI. First is the vertical fragmentation effect. Reduction in trade costs of intermediate goods increases the incentive for multinationals to split production processes into different countries to take advantage of favorable conditions in each. Thus, vertical FDI would increase after FTA. Second is the market expansion effect. The preferential access to partner countries expands the domestic market to partners', increasing the attractiveness of member countries to marketseeking FDI. Third is the plant rationalization effect. Reduction in trade costs encourages firms to choose trade rather than FDI to supply partners' markets. Thus, trade substitution may decrease FDI. ACFTA is the first important free trade agreement for China and a significant development in East Asian integration. The study of ACFTA has two steps. First, I adopted an econometric model to examine the overall FDI effect of ACFTA. The model is based on the knowledge-capital theory of FDI and captures third country effects, which enables it to explain not only horizontal and vertical FDI, but also complex FDI such as export platform and complex vertical FDI. The model has been found to suit FDI study in East Asia. ACFTA shows a positive and significant FDI-promoting impact, indicating that the market expansion and vertical fragmentation effects dominate the FDI-decreasing effect of plant rationalization. I then conducted a more detailed study about ACFTA, aiming to explore the mechanism of how the agreement positively affected FDI. The target of this study is to detect the two FDI-promoting effects (the market expansion and vertical fragmentation effects) of ACFTA. This is the first time to examine these individual effects of an FTA and there is no existing methodology. Innovatively, I adopted an FDI industry model to test different effects of ACFTA on various industry sectors. The approach is adopted based on the two effects' definitions. The definition of vertical fragmentation effect suggests that it would mainly affect pro-fragmentation sectors, while the definition of market expansion effect indicates that it would mainly affect export-increasing sectors. The FDI effects of ACFTA on these sectors reflect the two corresponding effects. These sectors are identified through analyses of total trade, and trade in intermediate goods. The FDI industry model shows that both the market expansion and vertical fragmentation effects exist in ACFTA, with the latter a little stronger on China. The effects of ACFTA mainly come from trade liberalization in goods but not services. Given the big share of services in FDI, it is important to include services liberalization in assessing the effects of FTAs on FDI. With this target, I developed a CGE model to simulate the potential effect of RCEP, which is expected to include liberalization of services trade. The CGE model utilizes the firm heterogeneity framework in analyzing FDI effects. The model incorporates FDI by sourcing capital to home region and differentiating firms by ownership. Given the importance of services to FDI, the model carefully deals with services barriers. Based on empirical evidence, the services barriers are modeled as tax equivalents that raise costs to imports and generate rents to incumbent firms. Simulation results show that RCEP can promote FDI to China, and services dominate the FDI increase. Specifically, comprehensive liberalization on trade in goods and services with a more than 50% reduction in services barriers in China can promote FDI flow to China by US$2.8 billion and increase its welfare by US96 billion. If RCEP can help member countries to improve their business environments so as to reduce fixed trading costs, the gains of China in FDI and welfare would be even bigger. In summary, this thesis examines the FDI effects of ACFTA through econometric studies and experiments with RCEP through a CGE model. Both ACFTA and RCEP are found to promote FDI to member countries. While the econometric finding of ACFTA suggests a significant FDI effect of goods trade liberalization, the CGE simulation results of RCEP show that the effect of services liberalization is much stronger.

Download or read book Methodology for Impact Assessment of Free Trade Agreements written by Michael G. Plummer and published by Asian Development Bank. This book was released on 2011-02-01 with total page 194 pages. Available in PDF, EPUB and Kindle. Book excerpt: This publication displays the menu for choice of available methods to evaluate the impact of Free Trade Agreements (FTAs). It caters mainly to policy makers from developing countries and aims to equip them with some economic knowledge and techniques that will enable them to conduct their own economic evaluation studies on existing or future FTAs, or to critically re-examine the results of impact assessment studies conducted by others, at the very least.

Download or read book Forging Closer ASEAN China Economic Relations in the Twenty first Century written by and published by . This book was released on 2001 with total page 184 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book ASEAN China Free Trade Area written by Keith Eric Flick and published by . This book was released on 2012 with total page 144 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book The Future of the ASEAN Economic Integration written by Kiki Verico and published by Springer. This book was released on 2016-11-23 with total page 302 pages. Available in PDF, EPUB and Kindle. Book excerpt: Verico discusses the ASEAN economic integration from dual perspectives of time span (trade, investment and finance) and framework (bilateral, sub-regional, regional and regional plus). The work is a comprehensive study of the integration in the wake of the ASEAN Economic Community (AEC)’s inauguration in late 2015. Examining various economic agreement levels from the ASEAN Free Trade Area (AFTA), Bilateral Free Trade Agreement (BFTA) and the AEC to financial integration in ASEAN, Verico attempts to envisage the future of ASEAN in completing its regional economic integration from trade to investment and finance. Verico argues that, in the absence of a customs union, ASEAN must utilize the open-regionalism frameworks of the ASEAN Plus One, ASEAN Plus Three, Regional Comprehensive Economic Partnership and others in order to shift its economic integration level in this way.

Download or read book Free Trade Agreements in the Asia Pacific written by Christopher Charles Findlay and published by World Scientific. This book was released on 2010 with total page 332 pages. Available in PDF, EPUB and Kindle. Book excerpt: Free Trade Agreements (FTAs) have proliferated in East Asia as regional economies rush to catch up with the rest of the world OCo but what difference do they make? This book answers that question by providing an up-to-date assessment of the quality and impact of FTAs in the region. Featuring a collection of papers originally written for the prestigious Research Institute for Economy, Trade and Industry (RIETI) in Tokyo, it presents contemporary analysis and insights into the evolution of recent FTAs. The book is suitable for use by trade policy negotiators, policy analysts, and people developing business strategies in organizations, as well as graduate students and researchers in the field. Sample Chapter(s). Chapter 1: Rules of Origin and Agricultural Trade Liberalisation in Major Free Trade Agreements (249 KB). Contents: Rules of Origin and Agricultural Trade Liberalisation in Major Free Trade Agreements (I Cheong & J Cho); Services in Free Trade Agreements (R Ochiai et al.); Analysis of the Restrictions on Foreign Direct Investment in Free Trade Agreements (S Urata & J Sasuya); A Comparison of the Safeguard Mechanisms of Free Trade Agreements (A Kotera & T Kitamura); Assessing the Economic Impacts of Free Trade Agreements: A Computable Equilibrium Model Approach (K Abe); The Impacts of Free Trade Agreements on Trade Flows: An Application of the Gravity Model Approach (S Urata & M Okabe); On the Use of Free Trade Agreements by Japanese Firms (K Takahashi & S Urata); Impacts of Japanese FTAs/EPAs: Preliminary Post Evaluation (M Ando). Readership: Graduate students and researchers in international trade; trade policy negotiators; policy analysts; business strategy developers."

Download or read book ASEAN China Economic Relations in the Context of Pacific Economic Development and Co operation written by Siow Yue Chia and published by Institute of Southeast Asian. This book was released on 1992 with total page 234 pages. Available in PDF, EPUB and Kindle. Book excerpt: Volume I of the series on ASEAN-China Relations focused on trends and patterns in bilateral economic relations between ASEAN countries on the one hand, and China on the other. Volume II focused on macroeconomic and institutional developments in China and in selected sectors in ASEAN and China, and their implications for bilateral economic relations. This third volume focuses on developments in the global arena and in the Pacific and their impact on bilateral economic relations between ASEAN and China. The papers cover the following - economic developments in the Pacific region, the economic role of Japan and the United States, industrial restructuring in the Asian Newly Industrializing Economies, the special role of Hong Kong, prospects for Pacific economic cooperation, and China's membership in GATT.

Download or read book The Impacts of the ASEAN China Free Trade Agreement on the Indonesian Economy written by Daniel Pambudi and published by . This book was released on 2006 with total page 230 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Regional Trade Agreements in Asia written by Van Hoa Tran and published by Edward Elgar Publishing. This book was released on 2008 with total page 304 pages. Available in PDF, EPUB and Kindle. Book excerpt: Tran Van Hoa and Charles Harvie present this original study of the likely effects of new regional development. The first East Asia Summit in 2005 prompted discussions of enlargement of ASEAN free trade agreements to include all major trading blocs and their likely regional and global implications. The contributors to this book, internationally renowned experts from ASEAN, East Asia, India and Oceania, analyse the probable impacts of this expansion on trade, investment, development, poverty and economic growth and integration.

Download or read book Industrial Restructuring in East Asia written by Seiichi Masuyama and published by Institute of Southeast Asian Studies. This book was released on 2001 with total page 384 pages. Available in PDF, EPUB and Kindle. Book excerpt: Divided into three parts, this volume covers industrial restructuring in Southeast Asian economies, restructuring in Asia's newly industrialized economies, and industrial restructuring in the two large Asian economies.

Download or read book How to Design Negotiate and Implement a Free Trade Agreement in Asia written by Asian Development Bank. Office of Regional Economic Integration and published by . This book was released on 2008 with total page 168 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Tomorrow s Silk Road written by Jacques Pelkmans and published by . This book was released on 2016 with total page 388 pages. Available in PDF, EPUB and Kindle. Book excerpt: "This book ... aims to provide an independent and in-depth contribution on the status of bilateral economic exchanges and persistent trade barriers between the European Union and China. A second objective is to encourage a frank and open dialogue, based on a scientific evaluation and without prejudice, of the possibility of a preferential trade agreement between the two sides. The study was carried out by CEPS, in cooperation with the World Trade Institute (WTI) at the University of Bern"--Title page verso.

Download or read book Asia s Free Trade Agreements written by Masahiro Kawai and published by Edward Elgar Publishing. This book was released on 2011 with total page 305 pages. Available in PDF, EPUB and Kindle. Book excerpt: East Asia is the region of the world that is changing fastest in terms of trade arrangements. Dozens of free-trade agreements are signed every year, turning a complex situation into the East Asian noodle bowl of FTAs. This book addresses the crucial question posed by these new agreements how do they affect business? While many studies have focused on government-to-government issues, this book gets to the heart of the matter, studying what it means for the firms actually doing the trade and investment. I recommend this book to any serious student of trade, particularly those interested in understanding the rapidly evolving landscape in this most dynamic part of the world. Richard Baldwin, Professor of International Economics, Graduate Institute, Geneva, Switzerland The pursuit of more than one hundred Free Trade Agreements in East Asia is quietly producing a fundamental change in the global economic architecture. This path-breaking new volume provides an indispensable guide to the practical effect of such agreements on commercial transactions in the region. It is a must-read for businessmen and policymakers who seek to both understand the impact of FTAs in the real world and expand their contributions to economic growth and development. C. Fred Bergsten, Director, Peterson Institute for International Economics, US [East Asia] needs to think about appropriate measures to overcome the Asian FTA noodle bowl in the future. In this vein, the study suggests several practical measures including encouraging rationalization and flexibility of rules of origin, upgrading origin administration, improving business participation in FTA consultations, and strengthening institutional support systems for SMEs. . . It is hoped that this study will contribute to strengthening regional trade policies in Asia and compatibilities with global trade rules. Haruhiko Kuroda, President, Asian Development Bank This is a valuable contribution in a crowded field. Kawai and Wignaraja have gone beyond familiar arguments about the relative merits of regionalism and multilateralism to ask businesses what it all means to them. Policymakers should take note. Patrick Low, Chief Economist, WTO For policymakers in the region, the debate is no longer between regionalism and multilateralism. The real question is how we should create the model for regionalism that will become the building blocks to a multilateral trading system and avoid raising costs of doing business from the noodle bowl effect. Therefore the comparative and micro-level research found in this book provides valuable insights on the impact of FTAs on businesses. These insights will be relevant input as policymakers forge ahead in implementing regional FTAs, thinking of ways to amend and improve on them and, most importantly, harmonize or consolidate between existing regional FTAs in East Asia. Mari Pangestu, Minister of Trade, Indonesia The spread of Asia s free trade agreements (FTAs) has sparked an important debate on the impact of such agreements on business activity. This pioneering study uses new evidence from surveys of East Asian exporters including Japan, the People s Republic of China, the Republic of Korea and three ASEAN economies of the Philippines, Singapore and Thailand to shed light on the FTA debate. Critics are concerned that FTAs erode the multilateral trading process and foster an alarming noodle bowl of overlapping regulations and rules of origin requirements which may be costly to business. Asia s Free Trade Agreements makes key recommendations for improving business use of FTA preferences, reducing costs of FTAs and creating a region-wide FTA. This well-researched and documented book will appeal to undergraduate and postgraduate students in international business, international economics, economic development, public administration and public policy. Academics, researchers and members of think-tanks around the world will also benefit from this book as will trad

Download or read book The Impact of Free Trade Agreements on Business Activity written by Zhang Yunling and published by . This book was released on 2010 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: The People's Republic of China (PRC) has emerged as a major player in the global economy and considers free trade agreements (FTAs) an important part of its global trading strategy. The PRC's export industries are embedded in existing regional and global production networks and are reliant on foreign direct investment flows and external supplies of material and intermediate goods. Immediately after its accession to the World Trade Organization in December 2001, the PRC adopted a regional approach to trade and began negotiating and implementing FTAs. This paper analyzes the results of a survey undertaken across 232 Chinese firms with regard to FTA-related issues such as utilization, perceived costs and benefits, perceptions of multiple rules of origin, and policy and institutional support mechanisms. It was found that, of the firms surveyed, 45% were using FTAs to some extent. While this utilization rate appears relatively high, and reflects the assertive stance of Chinese firms when it comes to exploring market opportunities, the actual coverage of export value by FTAs is variable. In general, Chinese firms view FTAs as a way to increase their access to partner markets. Nevertheless, there remains an orientation toward the United States and other traditional markets. However, over time, as rebalancing of growth takes place, there may be a shift in market orientation toward the Association of Southeast Asian Nations (ASEAN) and regional markets and the use of FTAs may intensify. This study offers several proposals to increase FTA use, including the expansion of support services for firms, the promotion of larger regional FTAs, and the creation of more opportunities for collaboration between the government and the private sector.

Download or read book ASEAN Centrality and the ASEAN US Economic Relationship written by Peter A. Petri and published by . This book was released on 2014-02-21 with total page 75 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Association of Southeast Asian Nations (ASEAN) is strategically significant because of its size, dynamism, and role in the Asian economic and security architectures. This paper examines how ASEAN seeks to strengthen these assets through "centrality" in intraregional and external policy decisions. It recommends a two-speed approach toward centrality in order to maximize regional incomes and benefit all member economies: first, selective engagement by ASEAN members in productive external partnerships and, second, vigorous policies to share gains across the region. This strategy has solid underpinnings in the Kemp-Wan theorem on trade agreements. It would warrant, for example, a Trans-Pacific Partnership (TPP) agreement with incomplete ASEAN membership, complemented with policies to extend gains across the region. The United States could support this framework by pursuing deep relations with some ASEAN members, while broadly assisting the region's development.