The Feasibility of an ASEAN Customs Union Post- 2015
Das, Sanchita Basu; Sen, Rahul; Srivastava, Sadhana | March 2015
Abstract
This Perspective revisits the issue of establishing a customs union for ASEAN, and seeks to identify key challenges that would arise should the grouping decide to deepen economic integration. To this end, this article analyzes the GDP implications of an ASEAN customs union and discusses the border, beyond-the-border and political economy challenges in establishing such a deeper economic integration. The analysis concludes that despite net positive GDP gains from an ASEAN CU, there are significant economic and political challenges. However, ASEAN’s track record, especially in economic integration, suggests that it has the capability to overcome them. Hence, there are grounds for cautious optimism about ASEAN’s progress towards a full or partial CU post-2015.
Citation
Das, Sanchita Basu; Sen, Rahul; Srivastava, Sadhana. 2015. The Feasibility of an ASEAN Customs Union Post- 2015. © ISEAS Yusof Ishak Institute. http://hdl.handle.net/11540/10988.ISSN
2335-6677
Keywords
Regionalism
Regional Economy
Regional Trading Arrangements
Regional Trade Integration
Regional Economic Integration
Regional Cooperation
Interregional Cooperation
Trade Disputes
Trade Barriers
Free Trade
Trade
Trade Agreements
Intraregional Trade
Government Policy
Regional Organization
Regional Plans
Economic integration
Regional Development Bank
Preferential tariffs
International negotiation
Protectionist measures
Access to markets
Economic agreements
International trade law
Regional integration
Trade relations
Exports
Economic integration
Distribution
Economic integration
Development Bank
Trade policy
Small Business
Regional economics
Regional planning
Regional disparities
Interregionalism
Regional economic disparities
Regional economic blocs
Industrial arbitration
Euro
Inflation
Business
Finance
Free trade
Show allCollapse