Trade	Regionalism	in	the	Asia-Pacific:	Developments	and	Future	Challenges
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Trade Regionalism in the Asia-Pacific: Developments and Future Challenges

by Sanchita Basu Das

Asia has witnessed a proliferation of free trade agreements (FTAs) since the turn of the millennium. The first regional agreement — the ASEAN FTA — was transformed into the ASEAN Economic Community at the end of 2015. In the meantime, ASEAN forged five ASEAN+1 FTAs and began to negotiate a sixteen-member Regional Comprehensive Economic Partnership (RCEP) Agreement. In parallel, the U.S.-led Trans-Pacific Partnership (TPP), supporting U.S. foreign policy of "Pivot to Asia", was broadly agreed in October 2015.

The RCEP and the TPP are accompanied by other mega-regional integration processes developing elsewhere in the world, including the Transatlantic Trade and Investment Partnership for the European Union and the United States, and the Pacific Alliance among four Latin American member states. Meanwhile, APEC is also striving to meet its Bogor Goal targets and create a Free Trade Area of the Asia-Pacific.

Each of these mega-regionals aims to achieve greater trade and investment liberalization and facilitation and more harmonized trade and investment rules so that all member economies can participate in the global value chain of production. Instead of undermining, these regional exercises can be building blocks for a more liberal global trading system supported by the World Trade Organization.

This book ruminates on these regional agreements, their economic and strategic rationales and challenges during negotiations and afterwards. The book brings together eminent scholars and experts to deepen our understanding of the complex nature of the mega-regional trade agreements and their implications. It is useful both for the academic and research community and for policymakers who focus on trade and economic cooperation issues.

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Preliminary pages
1. Introductory Overview Trade Regionalism in the Asia-Pacific: Developments and Future Challenges
I. THE TRANS-PACIFIC PARTNERSHIP (TPP) AGREEMENT
2. The Origins and Evolution of TPP Trade Negotiations
3. The Political Economy of Joining TPP: The Case of Malaysia
4. China and the TPP: Reflections and Responses
5. Japan and Entanglement of Regional Integration in the Asia-Pacific: Combining Cutting-Edge and Traditional Agendas
II. THE REGIONAL COMPREHENSIVE ECONOMIC PARTNERSHIP (RCEP) AGREEMENT
6. RCEP Prospect and Challenges: Political Economy of East Asian Integration
7. Challenges Facing the RCEP Negotiations
8. From AEC to RCEP: Implications for the CLMV
9. RCEP: An Indian Perspective
III. REGIONAL ECONOMIC INTEGRATION: A MULTI-STAGE APPROACH
10. AEC and ASEAN+1 FTAs: Progress, Challenges and Future
11. CJK FTA Rationale, Prospects and Challenges
IV. OLD AND EMERGING APPROACHES TO ASIA-PACIFIC REGIONAL INTEGRATION
12. APEC at 25: Political Realities Realized
13. The TTIP, Mega-regionalism and Asia
14. The Pacific Alliance: A Bridge between Latin America and the Asia-Pacific?
V. ASIA-PACIFIC REGIONAL INTEGRATION: TOWARDS CONVERGENCE?
15. APEC, TPP, and RCEP: Towards an FTAAP
16. The Implications of Mega-regional Trade Agreements on the World Trade Organization
Index

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Product Details

  • Number of Pages : 359
  • Publisher : ISEAS–Yusof Ishak Institute
  • Weight : 490g
  • Product Code : 9789814695442
  • Dimension : 152 x 229 mm

About Author

Sanchita Basu Das

Sanchita Basu Das is Fellow and Lead Researcher (Economics) at the ASEAN Studies Centre and the Coordinator of the Singapore APEC Study Centre, both based in the ISEAS-Yusof Ishak Institute, Singapore.