between EU, US, and Japanese exports to Asia on the one hand and Asian and European exports to industrialized countries on the …

The future creation of a region-wide economic agreement in Asia has become the hot issue among trade policymakers in … the region. The APEC 2010 Summit Statement clearly states that the members should pursue a Free Trade Area of the Asia … (TPP). This paper considers the path or sequencing towards a future region-wide economic agreement in Asia, both …

-regions within Asia. Beyond a general trend towards manufactures, it reveals remarkable differences in specialisation profiles … manufactures, resource-intensive goods still play a larger role in intra-Asian trade than in trade outside Asia. This reflects both … differences in factor endowments inside Asia but also differences in access conditions (trade policy). Growth in intra-Asian trade …

is not well-founded. The paper also addresses the likely implications of the Single European Currency for Asia … base concerning the use of European currencies for invoicing, financial transactions, anchor and reserve purposes in Asia. …