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An APEC Trade Agenda?

The Political Economy of a Free Trade Area of the Asia-Pacific

Charles E Morrison and Eduardo Pedrosa

Publication Year: 2007

The proposal for an Asia-Pacific–wide free trade agreement is one of the oldest ideas for promoting mutually beneficial regional cooperation dating back to the mid-1960s. In more recent times, the idea has found new support for two main reasons: as a plan B to the stumbling Doha Development Agenda (DDA) round of WTO negotiations; and as a solution to the noodle bowl of bilateral agreements in the region. This report assesses the political feasibility of the Free Trade Area of the Asia-Pacific (FTAAP) proposal and looks at alternative modalities for achieving free trade and investment in the Asia-Pacific. The report includes trade policy perspectives from the three largest economies of the region: the United States, China and Japan, lessons from similar proposals such as the Free Trade Area of the Americas (FTAA), possible convergence among the many preferential trade agreements (PTAs) in the region, and alternative approaches to regional economic integration.

Published by: Institute of Southeast Asian Studies

Title Page, Copyright

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Table of Contents

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pp. v-

List of Tables

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pp. vii-

List of Figures

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pp. vii-

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1. An APEC Trade Agenda

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pp. 1-14

The papers in this report are the results of a study undertaken through the PECC with sponsorship from the APEC Business Advisory Committee (ABAC). As the result of agreement between the ABAC and the PECC, it was agreed that the study should look at the political feasibility of...

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2. A Free Trade Area of the Asia-Pacific in the Wake of the Faltering Doha Round: Trade Policy Alternatives for APEC

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pp. 15-36

The APEC Business Advisory Committee (ABAC) has recommended for the past two years that APEC Leaders launch a study of a Free Trade Area of the Asia-Pacific (FTAAP). The Leaders have been unwilling to do so for at least two reasons: a fear that even such a limited move in the direction...

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3. The Political Economy of a Free Trade Area of the Asia-Pacific: A U.S. Perspective

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pp. 37-72

What are the prospects for a Free Trade Area of the Asia-Pacific (FTAAP)? This paper addresses this question from the perspective of the political economy of U.S. trade policy and the current role of the Asia Pacific Economic Cooperation Forum (APEC). To preview my argument, although...

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4. The Political Economy of a Free Trade Area of the Asia-Pacific: A Chinese Perspective

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pp. 73-98

APEC has long been relevant for China’s economic diplomacy although its significance has been relatively weakened since China’s accession to the World Trade Organization (WTO) in 2001. However, China still attaches great importance to the Asia-Pacific Economic Cooperation...

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5. Japan’s FTA Strategy and Free Trade Area of Asia-Pacific

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pp. 99-126

Japan enacted its first free trade agreement (FTA) in November 2002 with Singapore. The formal name of the agreement is the Agreement between Japan and the Republic of Singapore for a New-Age Economic Partnership, or Japan-Singapore Economic Partnership Agreement...

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6. Lessons From the Free Trade Area of the Americas For APEC Economies

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pp. 127-163

The proposed Free Trade Area of the Americas (FTAA) has larger economic dimensions than any of the numerous subregional agreements in the Western Hemisphere or the individual bilateral free trade agreements (FTAs), grouping thirty-four of the thirty-five countries in...

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7. Prospects for Linking Preferential Trade Agreements in the Asia-Pacific Region

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pp. 164-189

The rapid proliferation of preferential trading agreements (PTAs) in the Asia-Pacific region in the early years of the twenty-first century is by now a very well-known phenomenon. In the last five years at least eighteen PTAs between APEC members have been concluded, with at least a further...

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8. ASEAN Perspective on Promoting Regional and Global Freer Trade

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pp. 190-237

ASEAN provides a “reality check” for regionalism in East Asia and the wider Asia-Pacific region. It can suggest the kind of regional cooperation that can be promoted and the extent to which regional integration can be deepened....

The Contributors

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pp. 238-241

Index

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pp. 243-256


E-ISBN-13: 9789812304612
Print-ISBN-13: 9789812304605

Page Count: 256
Publication Year: 2007

Edition: 1

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Subject Headings

  • Free trade -- Asia.
  • Free trade -- Pacific Area.
  • Asia -- Commercial policy.
  • Pacific Area -- Commercial policy.
  • Asia Pacific Economic Cooperation (Organization).
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