Columbia International Affairs Online: Working Papers

CIAO DATE: 10/2014

Regional Trade Agreements in East Asia

Innwon Park

March 2014

Norwegian Institute of International Affairs

Abstract

Both intra- and inter-regional trade agreements are proliferating in East Asia. Deepening regional interdependence through trade and investment, and the necessity for stability and revitalization of the regional economy since the East Asian financial crisis in the late 1990s led the East Asian countries to adopt discriminatory RTAs. Accordingly, East Asian commercial policy stance has shifted from unilateral to bilateral to mega-lateral liberalization. This report attempts to assess the East Asian countries' efforts to liberalize the regional market by cooperating with each other.