Abstract
Using a post-Vinerian approach, the paper argues that the economic success of an ASEAN-EU FTA depends on the level of production and trade complementarity existing between the two regions: the greater the complementarity, the higher the scope for trade expansion between the two economies, the lower the costs induced by resource reallocation and the more successful the FTA. Based on a thorough analysis of the productive and trade structures in both regions, as well as on calculations of indices of revealed comparative advantages and of intra-industry trade, the paper concludes that evidence of a multi-faceted trade complementarity between the two regions renders the FTA all the more desirable and may also contribute to reduce the trade and investment asymmetry currently existing between the EU and ASEAN.
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Andreosso-O’Callaghan, B., Nicolas, F. (2009). Assessing the Complementarity between the EU and ASEAN Economies. In: Tondl, G. (eds) The EU and Emerging Markets. Schriftenreihe der Österreichischen Gesellschaft für Europaforschung (ECSA Austria) / European Community Studies Association of Austria Publication Series, vol 12. Springer, Vienna. https://doi.org/10.1007/978-3-211-92662-8_10
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DOI: https://doi.org/10.1007/978-3-211-92662-8_10
Publisher Name: Springer, Vienna
Print ISBN: 978-3-211-92661-1
Online ISBN: 978-3-211-92662-8