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.