Free Trade Area in Asia
This reference discusses the debate on the impact of preferential trading agreements (PTAs) on trade creation and trade diversion, arguing whether they are building or stumbling blocks for multilateral trade liberalization. Analyzing inter-country, intra-Asia, and extra-Asia trade for each country and for different formations of Asia, this essay examines the internal dynamics for integration and proceeds to draw implications on the effects on regional and global welfare.
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Method and Material
Countrywise Trade Trends
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agricultural products agricultural trade ASEAN Bangladesh billion China compared to extra concentration of trade concessions DAC export DAC group DAC import decade of 1990s decline Developing Asian Countries extra Asia trade extra DAC faster growth Framework Agreement Free Trade Area global growth in intra higher growth rate increased regionalisation India Indonesia Intensity Index inter country trade Intra and Extra intra Asia intra DAC trade intra regional trade Japan Korea Malaysia multilateral Nations Trade Statistics negotiations non-agricultural products Pakistan Philippines Preferential Trading Agreement propensity to trade PTAs rate in intra regional bias regional concentration regional integration regional trade agreement regional trade arrangements regionalisation of trade SAARC share in world share of intra Singapore South Asian Sri Lanka Thailand Total export total trade trade creation trade diversion trade liberalisation trade share Trade Statistics Yearbook trade with DAC trading bloc United Nations Trade Vietnam welfare world trade