Toward
ASEAN-Japan Comprehensive Economic Partnership
Editors – Ippei Yamazawa, Daisuke Hiratsuka
Institute of Developing Economies, Japan External Trade Organisation,
2003.
This
volume is a compilation of all the papers in the background report
ASEAN-Japan Comprehensive Economic Partnership: Vision and Tasks
Ahead. Part I of this volume contains three papers. Yamazawa discusses
economic partnerships between ASEAN and Japan and considers what
elements need to be incorporated in AJCEP. Oyamada presents a simulation
of the results of an ASEAN-Japan FTA, based on a forward-looking
applied general equilibrium model. The study shows some interesting
results. For example, the reduction of barriers to primary products,
including agricultural products, would benefit both ASEAN and Japan.
Nipon emphasizes the reduction of barriers to agricultural trade
on the Japanese side, because many ASEAN members, including CLMV,
have potential comparative advantages in agricultural products.
Part II collects the responses to the Yamazawa’s paper from
the research institutes of the ten ASEAN countries. They welcome
the initiative of AJCEP, but differ in degree of support for AJCEP.
For example, Malaysia supports AJCEP strongly and regards Japan
as a reliable partner, while Thailand supports it as a step towards
a broader East Asian Economic Community. In contrast, CLMV express
interest in bilateral assistance from Japan as well.
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