Reassessing the impact of the asean-India free trade agreement

Research output: Chapter in Book/Report/Conference proceedingChapter

Abstract

Since the institutionalization of the Association of Southeast Asian Nations (ASEAN) in 1967, the Southeast Asia region has initiated numerous economic cooperation initiatives, including the ASEAN Free Trade Area (AFTA). Intra-ASEAN trade has progressively increased from approximately 19 per cent in 1993 to 25 per cent in 2010 to 24 per cent in 2015 (Thangavelu and Aekapol, 2009; ASEAN Secretariat, 2012). The growth in intra-regional trade is largely fostered by regional production networks that have emerged as a result of the region’s relative openness to foreign direct investment (FDI), especially in the older ASEAN-5 countries. Hence, to a large extent, the region’s growing intra-regional trade has been led by the private sector’s search for profit maximization through production fragmentation and locating each stage of production at where its cost of production is the lowest.

Original languageEnglish
Title of host publicationCelebrating the Third Decade and Beyond
Subtitle of host publicationNew Challenges to ASEAN-India Economic Partnership
PublisherTaylor and Francis
Pages53-73
Number of pages21
ISBN (Electronic)9781351013581
ISBN (Print)9781138484788
DOIs
Publication statusPublished - 1 Jan 2018
Externally publishedYes

Fingerprint

ASEAN
free trade
India
free trade area
profit maximization
economic cooperation
direct investment
Southeast Asia
institutionalization
foreign investment
fragmentation
private sector
costs

ASJC Scopus subject areas

  • Social Sciences(all)

Cite this

Tham, S. Y., & Rew, K. J. Y. (2018). Reassessing the impact of the asean-India free trade agreement. In Celebrating the Third Decade and Beyond: New Challenges to ASEAN-India Economic Partnership (pp. 53-73). Taylor and Francis. https://doi.org/10.4324/9781351013598

Reassessing the impact of the asean-India free trade agreement. / Tham, Siew Yean; Rew, Kam Jia Yi.

Celebrating the Third Decade and Beyond: New Challenges to ASEAN-India Economic Partnership. Taylor and Francis, 2018. p. 53-73.

Research output: Chapter in Book/Report/Conference proceedingChapter

Tham, SY & Rew, KJY 2018, Reassessing the impact of the asean-India free trade agreement. in Celebrating the Third Decade and Beyond: New Challenges to ASEAN-India Economic Partnership. Taylor and Francis, pp. 53-73. https://doi.org/10.4324/9781351013598
Tham SY, Rew KJY. Reassessing the impact of the asean-India free trade agreement. In Celebrating the Third Decade and Beyond: New Challenges to ASEAN-India Economic Partnership. Taylor and Francis. 2018. p. 53-73 https://doi.org/10.4324/9781351013598
Tham, Siew Yean ; Rew, Kam Jia Yi. / Reassessing the impact of the asean-India free trade agreement. Celebrating the Third Decade and Beyond: New Challenges to ASEAN-India Economic Partnership. Taylor and Francis, 2018. pp. 53-73
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