Regionalism, Trade and Economic Development in the Asia-Pacific Region
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Regionalism, Trade and Economic Development in the Asia-Pacific Region

Edited by M. A.B. Siddique

This book is based on the premise that Regional Trade Agreements (RTAs) in the Asia-Pacific significantly impact on the material progress of the peoples of this region. These impacts – in terms of the benefits and costs associated with RTAs – will vary greatly from country to country. The internationally acclaimed contributors examine the theoretical perspective of RTAs in relation to exchange rates, the role and goals of the WTO and agriculture.
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Chapter 7: Reflections on Impacts and Outcomes of Regional Trade Liberalization in an Asia-Pacific Context

Kenneth E. Jackson

Extract

7. Reflections on impacts and outcomes of regional trade liberalization in an Asia-Pacific context Kenneth E. Jackson INTRODUCTION This chapter reflects on particular issues of trade liberalization and impacts, including individual food security as well as more general aspects of the topic of trade liberalization. World Trade Organization (WTO) requirements are the usual consideration for most researchers, but there has been a virtual plethora of regional and bilateral agreements since the mid1990s, partially resulting from opposition and delays to the WTO process. Sub-global agreements are not an adequate replacement for global ones, but they need to be analysed fully in any consideration of recent trade liberalization. They are an increasing fact of life and appear likely to continue to be so, whether Doha is revived or not. They have important impacts on distributional issues, including food security, especially given the regional nature of much international food trade. There are five sections to this chapter. The next section attempts to examine the issues relating to the impacts and outcomes of RTAs with special focus on Australia New Zealand Closer Economic Relations Trade Agreement (ANZCERTA). The third section sets out an approach to analysing the impacts of change in a disaggregated manner including food security. The fourth section is a brief reflection on some aspects of the liberalization experience in particular cases in the Asia-Pacific region. The final section deals with some concluding remarks. IMPACTS AND OUTCOMES OF RTAs: BASIC ISSUES Regional agreements are viewed as very...

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