ASEAN Free Trade Area

Intra-nation Politics and the ASEAN Economic Community ASEAN has accomplished a lot of its economic targets in the four pillars of the ASEAN Economic Community. However, it did not meet its ultimate goal of complete economic integration by 2015. It was a milestone to integrate on various levels the economies of countries with different political systems and economic standing, but a lot more need to done for complete integration; hence, a revised outlook in the form of the AEC Blueprint 2025. The loss of economic competitiveness to emerging markets such as China has been the major driving force in ASEAN’s efforts to accelerate economic integration. AEC is considered as the most important pillar of ASEAN Integration. The ASEAN Economic Community…

capita in steady-state (and hence higher growth in the transition to the steady-state), and (ii) other things equal, the effect of size is larger for countries with higher barriers to trade (and, hence, lower openness), while the effect of higher barriers and lower openness is bigger for smaller countries.” In essence, market size affects growth and income levels, and depends on both the degree of openness of the economy and country size. This theory examines how endogenous country size is…

Free trade agreement (FTA) allows its members to trade goods and service with less barriers and restrictions. There is a lot of FTA that have been made between countries around the world. In ASEAN area we have AFTA ( ASEAN Free Trade Area ) , In North America we have NAFTA ( North America Free Trade Area ) , and etc. Being an archipelago country with more than 17.000 islands, Indonesia is undeniably the most culture-rich nation in South East Asia. Among the massive amount of cultures, wayang and…

capability of forming various trade agreements, foreign economic policies and its status as a global trader that should never be underestimated by any state actors. Bilateral and Plurilateral Agreements Since China acceded to the World Trade Organisation in 2001, it has been actively participating in free trade agreements in both bilateral and regional levels. Two most notable motivations for China are improving export industries and domestic reform. Recently, 70% of all goods manufactured in…

Swot Analysis of Indonesia as a Destination for FDI: Strengths: • Geographically speaking, Indonesia lies in the strategic location through which the world trade transits, i.e. near straits of Malacca that link Indonesian ocean littoral to the South China Sea and the larger Pacific Ocean. If developed, can become a major transit hub in the world. • Country is rich in natural resources like coal, minerals like tin, gold, copper, nickel and bauxite, oil & gas and fertile land to support…

Prior to the early 1980 's, strong barriers to trade limited Australia 's exporting capacity to mainly the UK and Europe regions. Being a member of the Commonwealth provided Australia with a strong foundational connection to the UK, enabling trade predominantly of agricultural products and commodities. Additionally, Australian industries were protected from foreign imports for several economic reasons. However a movement towards free trade facilitated by Australia 's participation in a number of…

remove trade barriers and create greater trading opportunities, the school of thought has been global trade liberalization and/or regional free trade agreements. While economists and politicians have argued on both sides of this issue, there has yet to be a consensus on the most optimal arrangements. This is a complex and multifaceted question which requires finesse and cooperation among nations and globally. Presented is an analysis of regional free trade agreements, benefits and drawbacks,…

have to invest in technology upgrades to remain competitive. Additionally, the exchange of skilled laborersand superior knowledge among nations goes far to support the free movement and integration among member nations. An example of such postive effects is the creation of the European Union (EU) which created the opportunity for member nations to begin considering large scale production…

Rise in globalisation and increased in multilateral trade raises issues for balance if trade and differential treatment are involved in nations since the post World War II period (Holmes 2003). The efforts of increasing fair trade practices and gaining the balance of similar multilateral trade rights and obligations for all nations in developed and developing countries become a prominent challenge (Khor 1999). The major change is observed in the trade policies of developing nations since…

limited to trading with countries holding much smaller overall economies. Yet, with the inclusion of Japan, the TPP would be anchored by the world’s two largest free trade economies and potentially entice Canada and Mexico to join in. (Auslin, 2012). The United States would realize much greater economic…