GTAP Resources: Resource Display
| GTAP Resource #5120 |
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"AEC Vision Post-2015: Is an ASEAN Customs Union Feasible?" by Basu Das, Sanchita, Rahul Sen and Sadhana Srivastava Abstract This paper explores the feasibility of the ASEAN Economic Community (AEC) moving forward to the next step of economic integration, i.e. towards an ASEAN Customs Union (ACU) post-2015. Effectively, the way to progress towards an ASEAN custom Union is by forming it among ASEAN-9 members with Singapore maintaining its existing zero tariff against non-members, thereby creating a Partial ACU. Using applied general equilibrium modelling exercise based on GTAP, the findings suggest that there are potential net positive welfare gains to be collectively reaped by ASEAN if it moves from an AFTA to a partial ACU post-2015. However, not all ASEAN members will individually gain from such an ACU and members may need to potentially devise a mechanism wherein some member country welfare losses in an ACU can be compensated by the members who gain. |
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- Economic development - Economic growth - Preferential trading arrangements - Asia (Southeast) |
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Public Access No documents have been attached. Restricted Access No documents have been attached. Special Instructions No instructions have been specified. |
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Last Modified: 9/15/2023 2:05:45 PM
