The ASEAN+3 trading bloc

Yum K. KWAN, Larry D. QIU

Research output: Journal PublicationsJournal Article (refereed)

Abstract

The ASEAN+3 proposal has attracted attention in Asia and the world. We argue
that a free trade agreement (FTA) for ASEAN+3 is beneficial to all member
countries due to three factors: (i) existing and expected vertical foreign direct
investment linkage between Japan/Korea and ASEAN member countries, (ii) high
expected growth rate of the Chinese economy, and (iii) the economic diversity
among members of ASEAN+3 group
Original languageEnglish
Pages (from-to)1-31
Number of pages32
JournalJournal of Economic Integration
Volume25
Issue number1
DOIs
Publication statusPublished - Mar 2010
Externally publishedYes

Bibliographical note

The authors benefited from presentation of an earlier version of this paper at the
Conference on New Regionalism in East Asia, held in Korea, and two referees’
comments. This project was financially supported by the Research Grant Council
of Hong Kong (grant number HKUST6214/00H), the City University of Hong
Kong (grant number 7001140), and the Research Center for International
Economics of the City University of Hong Kong.

Keywords

  • ASEAN
  • free trade agreement
  • trade creation
  • trade diversion
  • foreign direct investment
  • trading bloc

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