Monday, November 29, 1999

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This paper* seeks to fill the gaps in understanding the compatibilities of N-S and S-S Asian FTAs, and explore policy choices at the regional and global levels:There is little doubt that the process of Asian integration is in the midst of a decisive shift towards deepening regional production networks alongside the spread of FTAs. Less noticed perhaps is the gathering momentum towards S-S trade and S-S FTAs in Asia. This paper reviewed trends in N-S and S-S Asian FTAs, examined compatibilities between regional and global rules in N-S and S-S Asian FTAs, and made proposals for improvements. Assessing compatibilities between regional and global rules in N-S and S-S FTAs is a difficult exercise. The paper offers some simple legal and economic criteria to facilitate empirical research. It also draws on new sources of information on Asian FTAs. A handful of S-S FTAs led the early wave of Asian regionalism through FTAs from the mid-1970s to the mid-1990s. S-S FTAs were also largely behind the rapid spread of Asian FTAs beginning in the late-1990s. It is estimated that Asia currently has around 61 concluded FTAs of which as many as 39 are S-S FTAs and 22 are N-S FTAs. This paper's estimates of FTAs under negotiation and proposed suggest that the dominance of S-S FTAs is expected to continue in the future.* Ganeshan Wignaraja and Dorothea Lazaro, North-South vs South-South Asian FTAs: Trends, Compatibilities, and Ways Forward, UNU-CRIS Working Papers, W-2010/3

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