Assessing Liberalization and Deep Integration in FTAs: A Study of Asia-Latin American FTAs

Inter-regional free trade agreements (FTAs) - notably between Asia and Latin America - are growing in numbers and complexity. There is an absence of an agreed methodology for empirical assessments on the content of FTAs and little research. This paper proposes a framework to assess liberalization in...

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Main Authors: Ganeshan Wignaraja, Dorothea Ramizo, Luca Burmeister
Format: Article
Language:English
Published: Korea Institute for International Economic Policy 2013-12-01
Series:East Asian Economic Review
Subjects:
Online Access:http://dx.doi.org/10.11644/KIEP.JEAI.2013.17.4.271
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author Ganeshan Wignaraja
Dorothea Ramizo
Luca Burmeister
author_facet Ganeshan Wignaraja
Dorothea Ramizo
Luca Burmeister
author_sort Ganeshan Wignaraja
collection DOAJ
description Inter-regional free trade agreements (FTAs) - notably between Asia and Latin America - are growing in numbers and complexity. There is an absence of an agreed methodology for empirical assessments on the content of FTAs and little research. This paper proposes a framework to assess liberalization in FTAs in goods and services and new trade policy issues relating to regulatory barriers. Next, it applies this framework to studying the 22 Asia-Latin America FTAs in existence. The findings suggest that Asia-Latin American FTAs have laid the foundations for inter-regional integration by liberalizing the trade in goods and services and reducing some regulatory barriers. Deepening FTAs and adopting structural reforms will enhance Asia-Latin American integration in the future.
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spelling doaj.art-2c6fd22b3a024f0487e95b76846529352022-12-22T01:47:10ZengKorea Institute for International Economic PolicyEast Asian Economic Review2508-16402508-16672013-12-01174385415http://dx.doi.org/10.11644/KIEP.JEAI.2013.17.4.271Assessing Liberalization and Deep Integration in FTAs: A Study of Asia-Latin American FTAsGaneshan Wignaraja 0Dorothea Ramizo 1Luca Burmeister 2Asian Development Bank InstituteAsian Development BankAsian Development BankInter-regional free trade agreements (FTAs) - notably between Asia and Latin America - are growing in numbers and complexity. There is an absence of an agreed methodology for empirical assessments on the content of FTAs and little research. This paper proposes a framework to assess liberalization in FTAs in goods and services and new trade policy issues relating to regulatory barriers. Next, it applies this framework to studying the 22 Asia-Latin America FTAs in existence. The findings suggest that Asia-Latin American FTAs have laid the foundations for inter-regional integration by liberalizing the trade in goods and services and reducing some regulatory barriers. Deepening FTAs and adopting structural reforms will enhance Asia-Latin American integration in the future.http://dx.doi.org/10.11644/KIEP.JEAI.2013.17.4.271Regional Economic IntegrationFree Trade AgreementsDeep IntegrationSingapore IssuesRegulatory BarriersAsia-Latin AmericaFree Trade Agreements
spellingShingle Ganeshan Wignaraja
Dorothea Ramizo
Luca Burmeister
Assessing Liberalization and Deep Integration in FTAs: A Study of Asia-Latin American FTAs
East Asian Economic Review
Regional Economic Integration
Free Trade Agreements
Deep Integration
Singapore Issues
Regulatory Barriers
Asia-Latin America
Free Trade Agreements
title Assessing Liberalization and Deep Integration in FTAs: A Study of Asia-Latin American FTAs
title_full Assessing Liberalization and Deep Integration in FTAs: A Study of Asia-Latin American FTAs
title_fullStr Assessing Liberalization and Deep Integration in FTAs: A Study of Asia-Latin American FTAs
title_full_unstemmed Assessing Liberalization and Deep Integration in FTAs: A Study of Asia-Latin American FTAs
title_short Assessing Liberalization and Deep Integration in FTAs: A Study of Asia-Latin American FTAs
title_sort assessing liberalization and deep integration in ftas a study of asia latin american ftas
topic Regional Economic Integration
Free Trade Agreements
Deep Integration
Singapore Issues
Regulatory Barriers
Asia-Latin America
Free Trade Agreements
url http://dx.doi.org/10.11644/KIEP.JEAI.2013.17.4.271
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