Asia-Latin America Free Trade Agreements: An Instrument for Inter-Regional Liberalization and Integration?
Wignaraja, Ganeshan; Ramizo, Dorothea; Burmeister, Luca | September 2012
Abstract
Trade integration and free trade agreement (FTA)-led cooperation between Asia and Latin America has increased since the early 2000s. Using new criteria, this paper examines whether Asia-Latin America FTAs have facilitated market-led integration by liberalizing trade and behind the border regulatory barriers. Overall Asia-Latin America FTAs provide the foundations for inter-regional integration by liberalizing goods and services trade as well as some regulatory barriers. Future FTAs can support deeper integration by reducing residual regulatory barriers. Other policy priorities include forming a large inter-regional FTA, stimulating business use of FTAs and accelerating structural reforms.
Citation
Wignaraja, Ganeshan; Ramizo, Dorothea; Burmeister, Luca. 2012. Asia-Latin America Free Trade Agreements: An Instrument for Inter-Regional Liberalization and Integration?. © Asian Development Bank Institute. http://hdl.handle.net/11540/1144. License: CC BY-NC-ND 3.0 IGO.Keywords
Trade Facilitation
Trade
Economic integration
Regional Economic Integration
Free Trade
Trade Agreements
Trade Policy
Economic Development
Economics
International Economics
Economic planning
Economic structure
Growth policy
Trade relations
Trade policy
Trade policy
Economic development
Regional economics
Economic forecasting
Economic development projects
Success in business
Business
Free trade
Business
Economics
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