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South Caucasus-People’s Republic of China Bilateral Free Trade Agreements: Why It Matters

dc.contributor.authorHasmik Hovhanesian
dc.contributor.authorHeghine Manasyan
dc.date.accessioned2015-01-30T14:45:27Z
dc.date.available2015-01-30T14:45:27Z
dc.date.issued2014-01-01
dc.identifier.urihttp://hdl.handle.net/11540/1983
dc.description.abstractRegional integration could be turned into a basic factor for economic growth if combined with a strong economic-development-oriented governmental strategy. The effects of regional integration can be maximized for countries stressing open trade as opposed to creating trade-diverting conditions, which requires drafting different kinds of agreements, particularly free trade agreements (FTAs). The impact of regional integration is significant, especially for small open economies—such as Armenia, Azerbaijan, and Georgia, which together comprise the South Caucasus—entering into an FTA with a large economy like the People’s Republic of China (PRC). At the same time, FTAs have mutual economic and geopolitical benefits for all participant countries. Moreover, taking into consideration the interests of countries like Turkey, Iran, and the Russian Federation in the economic and geopolitical potential of this region, the PRC may have to re-think its role in the South Caucasus. This paper assesses the PRC’s FTA strategy, the potential for regional integration in the South Caucasus, and the likely impacts of an FTA on the economies of Armenia, Azerbaijan, Georgia, and the PRC by using several specific trade indicators and a partial equilibrium modeling approach (SMART Model).
dc.languageEnglish
dc.publisherAsian Development Bank
dc.rightsCC BY 3.0 IGO
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo
dc.titleSouth Caucasus-People’s Republic of China Bilateral Free Trade Agreements: Why It Matters
dc.typeWorking Papers
dc.subject.expertFree Trade
dc.subject.expertTrade
dc.subject.expertTrade Agreements
dc.subject.expertRegional Economic Integration
dc.subject.adbExports
dc.subject.adbEconomic integration
dc.subject.adbExports
dc.subject.adbEconomic integration
dc.subject.adbDistribution
dc.subject.adbEconomic integration
dc.subject.adbDevelopment Bank
dc.subject.adbTrade policy
dc.subject.adbTrade policy
dc.subject.naturalEuro
dc.subject.naturalInflation
dc.subject.naturalBusiness
dc.subject.naturalFinance
dc.subject.naturalFree trade
dc.title.seriesADB Working Paper Series on Regional Economic Integration
dc.title.volumeNo. 125
dc.contributor.imprintAsian Development Bank
oar.themeTrade
oar.themeRegional
oar.themeSmall Medium Business
oar.adminregionEast Asia Region
oar.countryChina, People's Republic of
oar.identifierOAR-001415
oar.authorHovhanesian, Hasmik
oar.authorManasyan, Heghine
oar.importtrue
oar.googlescholar.linkpresenttrue


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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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