The ASEAN+6 countries are currently engaged in negotiation for a Regional Comprehensive Economic Partnership (RCEP). If successfully negotiated, RCEP will result into the world's biggest trading bloc, 40 percent of world trade, that offers significant benefits to participating countries. The...

How are the ASEAN+1 free trade agreements facilitating the flow of goods in the supply chain in East Asia? This chapter looks at the experience of the Philippine automotive and electronic sectors"-two sectors that are well integrated into the supply network in East Asia. Using firm interviews,...

This paper discusses the nature of the rules of origin (ROOs) in the ASEAN+1 FTAs, particularly with respect to features and characteristics that could either facilitate or hinder the development of value chains, and the participation of firms in the increased globalization of production. By...

The Philippines has been more cautious in its policy towards free trade agreements (FTAs) than other ASEAN member states, having signed, so far, only one bilateral agreement with Japan in addition to the various ASEAN+1 agreements. While the Government is expected to progressively reduce...

Free Trade Agreements (FTAs) are known to enhance trade through reduction or elimination of barriers, such as tariffs on imported goods. The difference between the preferential tariff rate under an FTA and the most-favored-nation (MFN) rate can be significant enough to encourage trade under an...

Trade is an important component of the Philippine economy. Contemporary trade is shaped primarily by the evolution of Global Value Chains (GVCs), and this has a significant implication in integrating developing countries, such as the Philippines, into the global economy. An economy's inclusion...

In November 2015, the ASEAN Community composed of three (3) pillars: the ASEAN Economic Community (AEC), the ASEAN Socio-Cultural Community (ASCC), and the ASEAN Political-Security Community (APSC) was established as a response by the ASEAN Member states to the need to develop a Post-2015 Vision...

The ASEAN Economic Community Blueprint targets an ASEAN single market in 2015. This is an ambitious reform agenda that seeks to ensure the free flow of services, investment, and skilled labor along with the free flow of goods and the freer flow of capital in the ASEAN region. For logistics...