ASEAN-Canada Forum 2008

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About the Publication

In November 2008, the Regional Economic Studies Programme of the Institute of Southeast Asian Studies (ISEAS) and the Singapore office of the International Development Research Centre (IDRC) of Canada organised a forum on Regional Economic Integration ASEAN and Canadian Perspectives. The forum concluded that fundamentally the ASEAN Free Trade Area (AFTA) and the North American Free Trade Agreement (NAFTA) were two different kinds of agreements. First, while NAFTA focused entirely on trade and investments, the scope of AFTA was much broader, going beyond issues of trade and investments alone. Secondly, NAFTA was a lightly institutionalized regional trade agreement. There was no formal policy of institutional or policy development, and it lacked legislative instruments. Although ASEAN had a secretariat, its regional institutions remained weak in comparison to those of the European Union. Thirdly, the dispute-settlement mechanism in ASEAN was different from that of NAFTA. The ASEAN provisions were scattered over a number of documents and covered both economic (trade and investment) issues and other disputes (e.g., political or territorial), while NAFTA provisions were contained in a single document and could be applied only to matters related to trade and investments. Finally, although many studies presented trade liberalisation as a win-win proposition, the distribution of costs and benefits was mostly uneven. In the case of Canada, short-run gains in efficiency from expanded trade could be identified, but it was harder to determine longer-term dynamic gains. On the other hand, in the case of ASEAN, it was still grappling with the issue of the development divide, especially since the admission of Cambodia, Laos, Myanmar and Vietnam into the group.

Contents

PDF e-book files for this publication are available as detailed below.

ASEAN-Canada Forum 2008 [Whole Publication] 6.90 USD
24.00 USD
Preliminary pages
I. Regional and Economic Integration: ASEAN and Canadian Perspectives
Summary of the Forum
II. Background Papers
1. AFTA-NAFTA: Trade and Investment Issues, by John Whalley, author
2. Trade and Investment Issues in ASEAN Economic Integration, by Myrna S Austria, author
3. Institutional Development in ASEAN, by Rodolfo C Severino, author
4. Governance Issues in NAFTA, by Paul J Davidson, author
5. Different Approaches to Dispute Resolution under ASEAN, by Locknie Hsu, author
6. Dispute Resolution under NAFTA: Evolution and Stagnation, by J. Anthony VanDuzer, author
7. Winners and Losers in ASEAN Economic Integration: A Perspective from Vietnam, by Vo Tri Thanh, author
8. Winners and Losers in International Economic Integration: The Distributional Effects of NAFTA, by Dan Ciuriak, author
9. Cross-border Labour Migration in ASEAN: Issues and Challenges, by Chia Siow Yue , author
10. Labour Market Integration within NAFTA, by Don J. DeVoretz, author
Annex 1: Programme of the Forum
Annex II: List of Participants
Annex III: Rules-based Governance

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