The debates on regional trade arrangements in East Asia focus on whether the RTAs can be net trade creating or diverting, and whether they impede multilateral trade liberalisation or not. This paper attempts to answer these questions by quantitatively estimating the economic impact of possible...

The Association of Southeast Asian Nations (ASEAN) and the People's Republic of China are economic partners as well as economic competitors. The ASEAN- People's Republic of China Free Trade Area (ACFTA), which is set to come into effect around 2010, is designed to boost trade between the two...