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Assessing the trade impacts of the ASEAN +6 FTA: the case of Lao People’s Democratic Republic

dc.contributor.authorSithanonxay Suvannaphakdy
dc.contributor.authorHsiao Chink Tang
dc.contributor.authorAlisa DiCaprio
dc.description.abstractUsing an unbalanced panel dataset of bilateral exports from 1992 to 2009, this paper assesses the potential trade impacts of the expansion of the Association of Southeast Asian Nations (ASEAN) to ASEAN+3 and ASEAN+6 on the Lao People’s Democratic Republic (Lao PDR). It finds that bilateral exports are positively related to the overall bilateral country size and similarity in country size, but inversely related to the relative factor endowment differences, transportation costs, and import tariffs. Simulation results show that the formation of free trade agreement (FTA) between ASEAN and the Plus-6 economies (the People’s Republic of China, Japan, and the Republic of Korea in East Asia; and the other three economies of Australia, India, and New Zealand) can increase bilateral trade between the Lao PDR and ASEAN+6 by $1 billion, and ASEAN+3 by $981 million. Nonetheless, trade balance of the Lao PDR is likely to worsen in both the ASEAN+3 and ASEAN+6 FTAs because they stimulate more imports than exports.
dc.publisherAsian Development Bank
dc.rightsCC BY 3.0 IGO
dc.titleAssessing the trade impacts of the ASEAN +6 FTA: the case of Lao People’s Democratic Republic
dc.typeWorking Papers
dc.subject.expertProject Evaluation & Review Technique
dc.subject.expertOperations Evaluation
dc.subject.expertWorld Trade
dc.subject.expertTrade Volume
dc.subject.expertTrade Promotion
dc.subject.expertTrade Flows
dc.subject.expertTrade Development
dc.subject.expertPatterns Of Trade
dc.subject.adbResources evaluation
dc.subject.adbInput output analysis
dc.subject.adbImport volume
dc.subject.adbExport volume
dc.subject.adbExport Development
dc.subject.adbEconomic agreements
dc.subject.adbInternational market
dc.subject.adbImport policy
dc.subject.adbExport policy
dc.subject.naturalParticipatory monitoring and evaluation
dc.subject.naturalParticipative management
dc.subject.naturalForeign trade routes
dc.subject.naturalTrade routes
dc.subject.naturalForeign trade and employment
dc.title.seriesADB Working paper Series on Regional Economic Integration
dc.title.volumeNO. 126
dc.contributor.imprintAsian Development Bank
oar.themeSmall Medium Business
oar.adminregionSoutheast Asia Region
oar.countryLao People's Democratic Republic
oar.authorSuvannaphakdy, Sithanonxay
oar.authorTang, Hsiao Chink
oar.authorDiCaprio, Alisa

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  • Regional Economic Integration Working Paper Series
    The Asian Development Bank Working Paper Series on Regional Economic Integration focuses on topics relating to regional cooperation and integration in the areas of infrastructure and software, trade and investment, money and finance, and regional public goods. The series is a quick-disseminating, informal publication that seeks to provide information, generate discussion, and elicit comments.

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