Asia-Latin America Free Trade Agreements: An Instrument for Inter-Regional Liberalization and Integration?
Wignaraja, Ganeshan; Ramizo, Dorothea; Burmeister, Luca | September 2012
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.
CitationWignaraja, 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.
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