Preferential Trade Agreements in the Asia-Pacific Region
July 1, 2005
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Summary
Preferential trade agreements (PTAs) in the Asia-Pacific region have proliferated rapidly over the past five years and are creating a complex web of intersecting bilateral and regional trade agreements. This paper describes the proliferation of these PTAs, discusses their characteristics and implementation, and assesses their potential effects. Realizing the potential gains from Asia-Pacific PTAs requires a commitment to liberalize sensitive sectors, to maintain consistent provisions, and to enforce agreements. Other factors, including administrative complications, also could undermine any potential gains.
Subject: Customs unions, Tariffs, Trade agreements, Trade liberalization, Valuation, origin and classification
Keywords: ASEAN member, ASEAN secretariat, ASEAN trade, Asia-Pacific PTAs, framework agreement, tariff reduction, trade diversion, WP
Pages:
40
Volume:
2005
DOI:
Issue:
149
Series:
Working Paper No. 2005/149
Stock No:
WPIEA2005149
ISBN:
9781451861686
ISSN:
1018-5941
