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A free trade agreement for asia

A free trade agreement for asia

Two pathways

The ASEAN-led pathway begins with the ASEAN FTA which includes experienced place since 1992, combining it with the ASEAN+1 FTAs with China, Japan, Korea, India, Australia, and New Zealand, and consolidating these with the trilateral C/J/K FTA. The resulting East Asian FTA could then be expanded to cover each of the ASEAN+6 and be the CEPEA. This sequential method of trade integration reflects Asia’s pragmatic bottom-up method of integration that supports sub-regional cooperation as the inspiration of an eventual broader, deeper, and more unified regional architecture (Asian Development Bank 2008).