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Begin New Search Topic International Trade and Finance Political Geography Asia Content Type Policy Brief Publishing Institution Economic Research Institute for ASEAN and East Asia (ERIA)

1. New Dynamism in ASEAN and East Asia: The Role of the RCEP as a ‘Living’ Agreement

Author:
Shandre Mugan Thangavelu, Fukunari Kimura, and Dionisius Narjoko
Publication Date:
12-2022
Content Type:
Policy Brief
Institution:
Economic Research Institute for ASEAN and East Asia (ERIA)
Abstract:
This policy brief highlights the importance of maintaining open regionalism and economic and regional integration for sustainable and inclusive regional and global growth in the Association of Southeast Asian Nations (ASEAN) and East Asia. With rising global uncertainties and global value chain (GVC) disruptions, the region requires a new economic and social agenda beyond trading arrangements, and the alignment of global, regional, and domestic policies and structural issues. The Regional Comprehensive Economic Partnership (RCEP) is expected to provide a new institutional framework under the built-in institutional feature (Chapter 18) of the agreement.
Topic:
International Trade and Finance, Regional Cooperation, Regionalism, and Global Value Chains
Political Geography:
Asia and ASEAN

2. China's Ties with Southeast Asia : From Green Shoots to Sustained Recovery

Author:
Kensuke Tanaka
Publication Date:
01-2021
Content Type:
Policy Brief
Institution:
Economic Research Institute for ASEAN and East Asia (ERIA)
Abstract:
China's rebound happened relatively quickly owing to a large extent to timely macroeconomic policy responses to the crisis. Lagging somewhat behind China, most Southeast Asian countries have now entered the transition from recession to recovery. Some export-dependent Southeast Asian countries shifted their export destination to China to benefit from its early recovery. This switch of export destination to China illustrates China's important role in leading the recovery of the region. Enhancing regional macroeconomic co-operation would help reduce vulnerability of the region and ensure a sustained recovery. Regional macroeconomic co-operation remains at an early stage in Southeast Asia, but possibilities for further co-operation should be explored.
Topic:
Development, Economics, International Cooperation, International Trade and Finance, and Economic Recovery
Political Geography:
China, Asia, and Southeast Asia

3. ASEAN in the Global Economy- An Enhanced Economic and Political Role

Author:
Anita Prakash and Ikumo Isono
Publication Date:
01-2012
Content Type:
Policy Brief
Institution:
Economic Research Institute for ASEAN and East Asia (ERIA)
Abstract:
Established in 1967, ASEAN has travelled a long way from a group of five nations to a thriving and leading group of ten countries. Based on the progress in the implementation of the blueprints for building the ASEAN community by 2015, there is an enhanced role for the ASEAN in dealing with regional and global challenges. It is emerging as a services hub in the region and is the chosen destination for investments. At the end of Indonesia's chairmanship of ASEAN, which had set the theme 'ASEAN in a global community of nations', it is imperative to take a stock of the readiness of the region if it is well on its way to step into a truly global role in the near future, especially by its goal of becoming one community by 2015. With its strategic location, abundant natural resources, quality human resources and growing economies, ASEAN has engaged economically, by way of trade and investments, with all the large economies of the world. It has also gained strategic weight and drawn the attention of global players, both economically and politically. Its global engagement is best exemplified by the fact that 55 countries across the globe have appointed their envoys to the regional grouping and this number is growing. Sitting in the midst of giant economies like Japan, China and India, and with active economic relations with USA and the EU, ASEAN is now seeking its due share in the global economy and politics. This Policy Brief looks into the current global profile of ASEAN and brings out policy recommendations that would help ASEAN in finding its appropriate role in the global politics and economy.
Topic:
Diplomacy, International Cooperation, International Trade and Finance, Hegemony, and Economy
Political Geography:
Asia and Southeast Asia

4. Liberalization of Trade in Services: Toward a Harmonized ASEAN++ FTA

Author:
Hikari Ishido and Yoshifumi Fukunaga
Publication Date:
03-2012
Content Type:
Policy Brief
Institution:
Economic Research Institute for ASEAN and East Asia (ERIA)
Abstract:
The East Asian countries are seriously discussing the consolidation of ASEAN+1 FTAs to develop so-called ASEAN++ FTA or RCEP. The detailed analysis of services chapters in the existing ASEAN+1 FTAs gives insights to services trade liberalization in this new trade agreement. In order for ASEAN and its FTA partners to gain substantial new commitments that are genuinely "plus" to the existing trade pacts, both WTO GATS and ASEAN+1 FTAs, ASEAN++ countries should aim at an ambitious level of liberalization much higher than the AFAS package 5. Also, the detailed analysis suggests a policy option of narrowing the types of services trade limitations, i.e., focusing on three types of limitations and hence improving transparency. Furthermore, we advocate for the needs of prioritizing production-related services sectors in the negotiation. Beyond ASEAN++ FTA, we briefly explain the critical roles of domestic regulatory reform.
Topic:
International Trade and Finance, Reform, Regulation, Services, and Private Sector
Political Geography:
Asia and Southeast Asia

5. Toward a Consolidated Preferential Tariff Structure in East Asia: Going beyond ASEAN+1 FTAs

Author:
Sio Yue Chia
Publication Date:
05-2012
Content Type:
Policy Brief
Institution:
Economic Research Institute for ASEAN and East Asia (ERIA)
Abstract:
ASEAN countries are discussing a possible template for trade in goods chapter of so-called ASEAN++ FTA (also known as RCEP). Analyses of tariff structures under the current ASEAN+1 FTAs give insights on possible approaches as well as challenges in this discussion. To meet 90% or 95% tariff elimination thresholds, both ASEAN countries and their FTA partners should make further efforts. When a "common concession" approach, which we advocate in this paper, is applied, the challenge becomes even larger as member countries should focus their policy discretion on a more limited number of sensitive products. These challenges, on the other hand, mean room for additional gains for potential users of the new agreement despite the existence of ASEAN+1 FTAs.
Topic:
Diplomacy, International Cooperation, International Trade and Finance, and Tariffs
Political Geography:
Asia and Southeast Asia

6. Trade Facilitation: The Way Forward for ASEAN and Its FTA Partners

Author:
Marie Isabelle Pellan Marn-Heong
Publication Date:
07-2012
Content Type:
Policy Brief
Institution:
Economic Research Institute for ASEAN and East Asia (ERIA)
Abstract:
ASEAN is working towards establishing a Regional Comprehensive Economic Partnership with its FTA partners. All five existing ASEAN+1 FTAs contain provisions on trade facilitation. Although varying in their scope, specificity and depth of commitments, they tend to cover several core areas and affirm the application of international agreements, standards and instruments. A review of trade facilitation performance shows that there are great disparities among ASEAN countries and their FTA partners. Reform efforts in the area of trade facilitation could be tracked regularly through a set of specially-compiled indicators. The following policy recommendations could inform discussions on trade facilitation coverage in the context of a wider agreement between ASEAN and its FTA partners: (i) define a consistent set of trade facilitation principles; (ii) adopt specific trade facilitation measures; (iii) monitor performance in core trade facilitation areas and set targets; (iv) share best practices and implement capacity-building measures in priority areas; and (v) keep abreast of developments in the multilateral process.
Topic:
Diplomacy, International Cooperation, International Trade and Finance, and Economic Cooperation
Political Geography:
Asia and Southeast Asia

7. Fragmentation and Changes in the Asian Trade Network

Author:
Norihiko Yamano, Bo Meng, and Kiichiro Fukasaku
Publication Date:
01-2011
Content Type:
Policy Brief
Institution:
Economic Research Institute for ASEAN and East Asia (ERIA)
Abstract:
The Asian trade network is increasingly fragmented, resulting in higher dependence on supplies of goods and services from neighbouring countries. The update OECD Input-Output and Bilateral Trade Databases allow us to examine the recent evolution of international trade networks involving ASEAN and East Asian countries at the 2-digit industry level. Using several globalization indicators, this Policy Brief highlights major changes in the pattern of Asia's trade in intermediate goods and services since the mid-1990s. It concludes by discussing implications for Asia's regional integration.
Topic:
International Trade and Finance, Regional Cooperation, Regional Integration, Economic Cooperation, and Industry
Political Geography:
Asia and Southeast Asia

8. The Economic Consequences of Shifting Away From Nuclear Energy

Author:
Ken Itakura
Publication Date:
12-2011
Content Type:
Policy Brief
Institution:
Economic Research Institute for ASEAN and East Asia (ERIA)
Abstract:
In the aftermath of the devastating nuclear fallout in Japan, there has been a harsh debate surrounding the role of nuclear energy in electricity generation. A changing role will have economic consequences on production, consumption, and international trade. To quantity these effects, we implemented simulations with a global CGE model and database. The simulation results show that reductions in the use of nuclear for electric power generation may have profound negative impacts on the Japanese economy. A nuclear accident at the Fukushima power plant changed the future direction of Japanese energy policy as well as Asian energy policy. These policies are integrated via technological, financial, and nuclear energy knowledge sharing activities within the region. The main objective of this policy brief is to shed some light on the following question: what would be the economic consequences of altering the source of power generation from nuclear to fossil fuels? This Japanese case study offers policy implications for both Japan and the region as a whole.
Topic:
Economics, Energy Policy, International Trade and Finance, Economy, and Nuclear Energy
Political Geography:
Japan and Asia

9. Deepening East Asian Economic Integration in Services

Author:
Phillippa Dee
Publication Date:
10-2010
Content Type:
Policy Brief
Institution:
Economic Research Institute for ASEAN and East Asia (ERIA)
Abstract:
In services markets, there may be legitimate reasons to regulate. Integration efforts should target regulatory restrictions that explicitly limit competition, and those that are intended to meet legitimate objectives, but are clearly more burdensome than need to be. In health and maritime, ASEAN is already relatively liberal by international standards, although there is still scope to promote cross-border trade and ease costly cabotage restrictions. In telecommunications, the residual foreign equity limits are hard to understand, given that past reforms and current technologies have ensured that most markets are already relatively competitive. In finance, there is substantially more to do, despite progress made during the Asian financial crisis. And in air transport, despite commitments to open skies, there is a need to further align the content of bilateral air services agreements with regional integration objectives.
Topic:
International Cooperation, International Trade and Finance, Markets, Bilateral Relations, and Services
Political Geography:
Asia and Southeast Asia

10. Comprehensive Asia Development Plan and Beyond -Growth Strategies for More Prosperous and Equitable East Asia

Author:
Takeshi Fujimoto, Shochiro Hara, and Fukunari Kimura
Publication Date:
10-2010
Content Type:
Policy Brief
Institution:
Economic Research Institute for ASEAN and East Asia (ERIA)
Abstract:
Let's dream of our bright and prosperous future. In the year of 2020, sixteen East Asia Summit (EAS) member countries can reach doubled per capita income compared with their income level in 2008 with proper policy guidance; eight countries may join developed countries with per capita income exceeding US$10,000, five countries could enjoy the status of newly industrialized countries with per capita income between US$3,000 and US$10,000, and three countries would have per capita income above US$1,000. The Comprehensive Asia Development Plan (CADP) provides immediate policy guidance for industrialization through the development of logistics and other economic infrastructure. Beyond CADP, EAS member countries will face novel policy challenges that developing countries in the world have not broken through yet. This policy brief claims that establishing four virtuous cycles will be the key and we must have the courage to meet a number of policy challenges.
Topic:
Development, International Trade and Finance, Regional Cooperation, and Economic Growth
Political Geography:
East Asia and Asia

11. Why Is the East Asia Industrial Corridor Needed?

Author:
Fukunari Kimura and Izuru Kobayashi
Publication Date:
01-2009
Content Type:
Policy Brief
Institution:
Economic Research Institute for ASEAN and East Asia (ERIA)
Abstract:
The East Asia Industrial Corridor Project, in particular the Southern Corridor and its extension, can be a path-breaking effort for attaining both deepening economic integration and narrowing development gaps. New economic thoughts claim the necessity of comprehensive approach in which various policy modes and a number of stake holders are effectively coordinated.
Topic:
Development, International Cooperation, International Trade and Finance, and Economic Integration
Political Geography:
East Asia and Asia

12. Food Issues and Regional Cooperation in Dynamic East Asia

Author:
Fukunari Kimura, Daisuke Hiratsuka, and Kazunari Tsukada
Publication Date:
02-2009
Content Type:
Policy Brief
Institution:
Economic Research Institute for ASEAN and East Asia (ERIA)
Abstract:
How can Asia avoid another panic in international markets of our staple crops, particularly rice?Lessons from the last food crisis in 2006-2008.
Topic:
Security, International Trade and Finance, Markets, Regional Cooperation, and Food
Political Geography:
Asia

13. Trade Facilitation in the ASEAN Economic Community

Author:
Christopher Findlay
Publication Date:
11-2009
Content Type:
Policy Brief
Institution:
Economic Research Institute for ASEAN and East Asia (ERIA)
Abstract:
Trade facilitation refers to the reduction of costs in the trading system. Significant cost reductions are possible, but policy reform and international cooperation are required to capture those gains. ASEAN has a key role to play in that work. Suggestions for the ASEAN scorecard are to reinforce or add commitments to, and then monitor the implementation of (a) National Single Windows as a prerequisite to the ASEAN Single Window, (b) a web-based databank of trade regulations that is regularly updated, (c) streamlined and harmonized procedures, starting with the Customs declaration (or 'SAD') form, and (d) mutually recognized technical standards. In terms of performance measures it is recommended to (1) have ASEAN customs authorities report regularly and in a comparable manner on clearance time through customs, (2) maintain and report updates of a logistics restrictiveness index for all countries in each year which has been developed in this project, and (3) recalculate adjusted cif/fob ratios as measures of trade costs, using the methodology developed in this project.
Topic:
Economics, International Cooperation, International Trade and Finance, World Trade Organization, World Bank, and Tariffs
Political Geography:
Asia and Southeast Asia