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Regional economic integration in South East Asia

Regional economic integration in South East Asia AEJ 3:517–535 (2005) DOI 10.1007/s10308-005-0030-6 ORIGINAL PAPER Paul Vandoren Regional economic integration in South East Asia Published online: 7 December 2005 © Springer-Verlag 2005 1 Executive summary 1.1 Regional economic integration in Asia ASEAN has been in existence for nearly 40 years. It expanded from five to ten members, but only after about 25 years did it take some concrete measures to move towards an integrated regional organisation. This process of integration—through the elimination of tariffs, customs cooperation, mutual recognition of standards, the liberalisation of services, the creation of an investment zone and the setting up of a regional digital framework—towards an ASEAN Economic Community is still in progress and may not reach the phase of maturity until 2020. Institutionally, ASEAN’s level of ambition remains fairly low because there is no political will to transfer, even partially, sovereignty to supranational organisations nor to take de- cisions other than on the basis of consensus, although it is worth noting that recently a dispute settlement mechanism similar to that of the World Trade Organisation (WTO) has been put in place. Meanwhile, ASEAN generally does not speak or negotiate with one voice. The drafting of a “Charter” for ASEAN during the next http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Asia Europe Journal Springer Journals

Regional economic integration in South East Asia

Vandoren, Paul
Asia Europe Journal , Volume 3 (4) – Dec 7, 2005
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19 pages

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Publisher
Springer Journals
Copyright
Copyright © 2005 by Springer-Verlag
Subject
Social Sciences; Social Sciences, general; International Economics
ISSN
1610-2932
eISSN
1612-1031
DOI
10.1007/s10308-005-0030-6
Publisher site
See Article on Publisher Site

Abstract

AEJ 3:517–535 (2005) DOI 10.1007/s10308-005-0030-6 ORIGINAL PAPER Paul Vandoren Regional economic integration in South East Asia Published online: 7 December 2005 © Springer-Verlag 2005 1 Executive summary 1.1 Regional economic integration in Asia ASEAN has been in existence for nearly 40 years. It expanded from five to ten members, but only after about 25 years did it take some concrete measures to move towards an integrated regional organisation. This process of integration—through the elimination of tariffs, customs cooperation, mutual recognition of standards, the liberalisation of services, the creation of an investment zone and the setting up of a regional digital framework—towards an ASEAN Economic Community is still in progress and may not reach the phase of maturity until 2020. Institutionally, ASEAN’s level of ambition remains fairly low because there is no political will to transfer, even partially, sovereignty to supranational organisations nor to take de- cisions other than on the basis of consensus, although it is worth noting that recently a dispute settlement mechanism similar to that of the World Trade Organisation (WTO) has been put in place. Meanwhile, ASEAN generally does not speak or negotiate with one voice. The drafting of a “Charter” for ASEAN during the next

Journal

Asia Europe Journal – Springer Journals

Published: Dec 7, 2005

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