The ASEAN+3 Trading Bloc

Kwan, Yum K.; Qiu, Larry D.

doi:2010.25.1.1

The Journal of Economic Integration 2010 March;25(1) :1-31.
DOI: https://doi.org/10.11130/jei.2010.25.1.1

The ASEAN+3 Trading Bloc

Yum K. Kwan, Larry D. Qiu,

City University of Hong Kong
The University of Hong Kong

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.

JEL Classification: F13, F15, F53

REFERENCE

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2.	Anderson, Kym and Hege Norheim(1993), "Is World Trade Becoming More Regionalized?", Review of International Economics, 1(2), pp. 91-109.