From a rising share in the global semiconductor market in the 1990s, which peaked at 7.7 percent in 1999, the standing of the Philippines has since weakened with shares declining to four percent in 2005 and 2.5 percent in 2012. Heavy reliance of the Philippine semiconductor industry on foreign...

Korea’s trade with most of its 46 free trade agreement (FTA) partner countries has been expanded continuously. Its FTA utilization ratios were as low as 20% before 2010, and some suspicions regarding the benefits of FTA were raised, despite the government’s active promotion. But Korea...

This paper provides a theoretical and empirical analysis of the effects of one-sided tariff cuts on firms’ export product scope. The theoretical model explicitly incorporates cost of management in addition to the commonly used production cost. The analysis predicts that the home country’s...

In November 2012, the leaders of the ASEAN+6 countries agreed to launch a new FTA negotiation called the "Regional Comprehensive Economic Partnership" (RCEP). In this paper, we conduct stocktaking studies of ASEAN's own FTA and five existing FTAs with 6 dialogue partner countries, to identify...

The aim of this paper is to evaluate the success of progressive services liberalization under the ASEAN China FTA (ACFTA). First, we calculate the level of commitments by applying the Hoekman Index. Second, we compare the ACFTA 2nd Package with the ACFTA 1st Package and examine the additional...

ASEAN has established mutual recognition arrangements (MRAs) on eight professional services. This paper assesses the progress of these arrangements’ paying special attention to the (i) regional and national implementation, (ii) national regulatory changes, and (iii) utilization of these...

ASEAN Economic Ministers signed the Agreement on the Movement of Natural Persons (MNP) in 2012. This is a new instrument potentially facilitating the free flow of goods, services, investment, and skilled labour, thus contributing to the establishment of an ASEAN single market and production...

This paper empirically decomposes trade creation effects of regional trade agreements (RTAs) into those due to the tariff reduction effects and due to non-tariff barrier (NTB) removal by using the most disaggregated tariff-line level trade data in a large number of countries in the world....

As the intra-ASEAN tariffs are virtually eliminated, it is the non-tariff measures and trade costs associated with moving goods and services across border that hinder intra-ASEAN trade. This paper focuses on reviewing the state of trade facilitation initiatives in ASEAN, especially on customs...

Academic literature has theoretically discussed government strategy on regional trade agreements (RTAs) and has empirically identified some elements that play significant roles for that. The purpose of this study is to check the validity of these elements by means of a questionnaire survey of...