scholarly journals TRADE LIBERALIZATION AND CONSUMER VULNERABILITY: A LEGAL FRAMEWORK ON LEGISLATIONS AND TESTING MECHANISM FOR ASEAN PRODUCT SAFETY DIRECTIVE

2017 ◽  
Vol 1 (1) ◽  
pp. 001
Author(s):  
Syed Sagoff Alsagoff ◽  
Rahmah Ismail
Keyword(s):  
Trade Liberalization ◽  
Free Trade Area ◽  
Legal Framework ◽  
The Philippines ◽  
Product Safety ◽  
Regional Stability ◽  
Member States ◽  
Trade Area ◽  
Determining Factors ◽  
Asean Economic Community

Since its inception in 1967 ASEAN has advanced in great leaps in the economic sector luring new member states into its pact. From a mere five member states (Malaysia, Indonesia, Thailand, Singapore and the Philippines) ASEAN has today managed to entice five other neighbouring states (Brunei 1984, Vietnam 1995, Laos & Myanmar 1997, Cambodia 1999) into its pact transforming itself into union of ten member states with a consumer population expected to exceed 600 million people. In order to ensure sustainability amid global challenges, member states have engrossed ASEAN Charter in 2007 with a view of creating an ASEAN Economic Community by 2015 that is robust, competitive and sustainable. At this juncture, ASEAN has to realize that like any trade liberalization initiatives, goods moved readily and freely throughout the free-trade area that is facilitated by a lucrative non-barrier tariffs incentives. This vision of a single market which creates a frontier without borders can prove to be advantageous to member states only if they have the required vehicle that is able to overcome the drawback of its progression through harmonization and synchronization efforts that is effective and successful. Like everything else, every advantage has some disadvantages attached to it. This article will address important determining factors that are crucial in the development and scope of proposed ASEAN Product Safety Directive including reviewing relevant determining factors such as regional stability, consumer protection legislations and standard and testing agencies of which one without the other will be incomplete. The proposals suggested in this article will strengthen and unite ASEAN in overcoming unsafe product issues at ASEAN level.

ASEAN electronics industry competition will grow

2015 ◽  
Keyword(s):  
Supply Chains ◽  
Free Trade Area ◽  
Electronics Industry ◽  
The Philippines ◽  
Economic Community ◽  
Content Type ◽  
Trade Area ◽  
Industry Competition ◽  
Electronics Workers ◽  
Asean Economic Community

Subject Electronics and ICT investment outlook in ASEAN states. Significance South-east Asia is removing foreign investment barriers in most electronics industries, attempting to capitalise on closer economic ties with China and digitalisation of services. Changes in supply chains are drawing investment to cheaper production bases, including Vietnam and the Philippines, forcing established manufacturers Singapore, Malaysia and Thailand to compete with China for high-end markets. This trend will intensify ahead of the ASEAN Economic Community (AEC) free trade area, which will be implemented in late 2015. Impacts Investment markets will be liberalised under the ASEAN Economic Community. Trade liberalisation will require expanded South-east Asian supply chains, and boost electronics industry links with China. ASEAN governments will address skills gaps to provide electronics workers as the industry grows.

Implications of AFTA on Philippine Labor Export

1993 ◽  
Vol 2 (3) ◽  
pp. 285-301 ◽  
Author(s):  
Bernardo M. Villegas
Keyword(s):  
Labor Migration ◽  
Manufacturing Sector ◽  
Knowledge Workers ◽  
Free Trade Area ◽  
The Philippines ◽  
Current Status ◽  
Regional Trade ◽  
Trade Area ◽  
Preferential Tariff ◽  
The Common

After summarizing the major features of the ASEAN labor market and patterns of labor migration in Asia, the article describes the origins and current status of the ASEAN Free Trade Area (AFTA) and its main mechanism, the Common Effective Preferential Tariff (CEPT) Scheme. Projections are offered on the effects on regional trade after AFTA. Though the volume of intra-regional trade may be less significant than in the cases of Europe or North America, AFTA is likely to have a significant effect on promoting a regional division of labor. Although AFTA is limited to the manufacturing sector, in the future the Philippines may find a niche in services requiring “knowledge workers” such as accountants and computer analysts.

scholarly journals THE IMPACT OF TRADE LIBERALIZATION BETWEEN UKRAINE AND EU ON TRADE AND INVESTMENT

2021 ◽  
Author(s):  
Volodymyr Olefir ◽  
Keyword(s):  
Foreign Direct Investment ◽  
Trade Liberalization ◽  
Direct Investment ◽  
Free Trade Area ◽  
Comparison Method ◽  
Trade Area ◽  
European Standards ◽  
The Government ◽  
The Impact ◽  
The Eu

The benefits and costs of the implementation of the Deep and Comprehensive Free Trade Area (DCFTA) between Ukraine and the EU have been studied. The study aimed to find out to what extent the implementation of DCFTA has helped increase exports and attract foreign direct investment into Ukraine’s economy. A comparison method was used to conduct the study. The period of implementation of the DCFTA (2016-2020) was compared with the period before the implementation of the DCFTA (2010- 2014). Due to trade liberalization, exports of Ukrainian goods to the EU and imports of goods from the EU to Ukraine have increased. Trade liberalization has not contributed to further attracting foreign direct investment from the EU to Ukraine’s economy. The urgent task of the Government of Ukraine is to create a business regulatory environment according to European standards and protect foreign investment.

scholarly journals Maritime Transport Services in ASEAN-China Free Trade Area-Liberalization and Challenges

2019 ◽  
Vol 4 (3) ◽  
pp. 1
Author(s):  
Yan Lv
Keyword(s):  
Trade Liberalization ◽  
Free Trade ◽  
Free Trade Area ◽  
Transport Sector ◽  
Maritime Trade ◽  
Maritime Transport ◽  
Service Trade ◽  
Trade Area ◽  
Transport Services

Maritime transport, as an international transportation, plays an imperative role in global trades. At present, the negotiation on maritime transport sector faces with difficulties. This brief article tries to indicate the challenges of maritime service trade liberalization in CHINA-ASEAN free trade area; to find out the ways to promote maritime trade liberalization.

scholarly journals The ASEAN WITHOUT A CUSTOMS UNION OR A SINGLE MARKET CONSEQUENCES OF THE ASEAN ECONOMIC COMMUNITY BLUEPRINT 2025

2020 ◽  
Vol 2 (1) ◽  
pp. 101-127
Author(s):  
Moh Firstananto Jerusalem
Keyword(s):  
Economic Integration ◽  
Free Trade Area ◽  
Single Market ◽  
Integration Theory ◽  
Customs Union ◽  
Economic Community ◽  
Trade Area ◽  
Market Economic ◽  
Asean Countries ◽  
Asean Economic Community

Abstract In the ASEAN Economic Community blueprint 2015 the term “single market” was used as a goal of economic community. Theoretically, single market is a level of economic integration after customs union. Under that blueprint, customs union could have a chance to be established as a necessary prerequisite for single market. However, the new blueprint 2025 does not adopt single market concept anymore. Different terms have been introduced namely “integrated and cohesive economy” and “unified market”. This article aims at assessing economic integration concept adopted in the ASEAN Economic Community blueprint by utilizing content analysis. It will review the change of concept by employing economic integration theory in order to indicate the direction of economic community goal. The finding is that the change of terms reflects the change of concept. As a result, ASEAN Economic Community will have a different direction in pursuing economic integration. Therefore, under the new blueprint ASEAN will not proceed to customs union and single market. However, it will remain at free trade area level of economic integration. In addition, ASEAN will not be a close trade block but tend to be an open regionalism in relation to non-ASEAN countries or regions. Keywords: ASEAN Economic Community, Customs Union, Single Market, Economic Integration, Open Regionalism.

Does the EFTA Court Interpret the EEA Agreement as if it were the EC Treaty? Some Questions Raised by the Restamark Judgment

1996 ◽  
Vol 45 (1) ◽  
pp. 198-212 ◽  
Author(s):  
Vincent Kronenberger
Keyword(s):  
Free Trade ◽  
European Community ◽  
Free Trade Area ◽  
European Economic Area ◽  
Member States ◽  
European Economic ◽  
Trade Area ◽  
Economic Area ◽  
European Court ◽  
Homogeneous Area

The European Economic Area (EEA) Agreement signed in May 1992 between the European Free Trade Area (EFTA) States, the European Community (EC) and the EC member States' seeks to establish “a dynamic and homogeneous” area by extending provisions which apply within the European Community to the EEA.2 The first decision of the EFTA Court,3 interpreting the EEA Agreement to determine its application within the legal orders of the EFTA States, concerned the Finnish alcohol monopoly. The Restamark decision was awaited with great interest to know to what extent the EFTA Court would follow the European Court of Justice's interpretation of the EC Treaty in order to achieve the aims of the EEA Agreement.

Advancing Regional Integration in Africa through the Continental Free Trade Area (CFTA)

2017 ◽  
Vol 10 (1) ◽  
Author(s):  
F. A. Ismail
Keyword(s):  
Trade Liberalization ◽  
Free Trade ◽  
World Bank ◽  
Regional Integration ◽  
Industrial Development ◽  
Free Trade Area ◽  
African Union ◽  
Trade Area ◽  
The World Bank ◽  
The World

AbstractThe past decade and a half of the new millennium has ushered in dramatic changes to the architecture of world trade creating both opportunities and challenges for Africa’s development. The paper is critical of the recent paper of the World Bank that resuscitates the approach to trade liberalization and regional integration propagated by the Washington Consensus. The paper argues that African countries should adopt a “development integration” approach to regional integration that seeks to combine trade liberalization, industrial development and infrastructure development. The paper urges the World Bank and Africa’s trading partners from the north and south, such as the EU, the US and China, to work closely with the African Union to advance the negotiations and implementation of the Continental Free Trade Area (CFTA) and the African Union Agenda 2063.

The free trade area of the EAEU-Vietnam: preliminary analysis of effects of trade integration

2019 ◽  
Author(s):  
Эдуард Джагитян ◽  
Eduard Dzhagityan ◽  
Виктория Перская ◽  
Viktoriya Pyerskaya ◽  
Николай Ревенко ◽  
...  
Keyword(s):  
Free Trade ◽  
Free Trade Area ◽  
Trade Integration ◽  
Legal Analysis ◽  
Socialist Republic ◽  
Member States ◽  
Economic Relations ◽  
Trade Area ◽  
Short Period ◽  
The Government

In the collective monograph, written by the authors of the Financial University under the government of the Russian Federation and Banking Academy of Vietnam identified key problematice economic ties of the EEU member States and SVR. It States that the Agreement on free trade between the member States of the Eurasian economic Union and the Socialist Republic of Vietnam even for a short period of operation has allowed to deepen cooperation in almost all areas which are the subject of the interaction. A comparative assessment of different types of free trade agreements was made. The problems preventing the intensification of interaction between the EAEU countries and Vietnam in the areas of trade, foreign direct investment, intellectual property, tourism and regulation of migration flows are identified, the legal analysis of the articles of the Agreement is carried out. The efficiency of the EAEU-Vietnam free trade zone is estimated using the gravity model.The main recommendations on strengthening the interstate partnership within the framework of the current Agreement are formulated. For managers and specialists in foreign economic activity, researchers, postgraduates, students studying international economic relations.

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