00000caa a22000003i 4500 UP-1685594773862408620 Buklod 20210331103154.0 m | | ta 210331s2006 xx a r |||| u|eng d 1655-1516 (iLib)UPBAG-00039624445 BAG rda eng ARTICLE-2950 Tambunan, Tulus author. The ASEAN-China free trade zone challenges and opportunities for ASEAN Tulus Tambunan. 2006. pages [1]-30 illustrations 25 cm text rdacontent unmediated rdamedia volume rdacarrier Title was 'Philippine Review of Business and Economics' until 1979. Title changed to 'Philippine Review of Economics and Business' from 1980-2000, and again changed to 'Philippine Review of Economics' since 2001. Includes bibliographical references (pages 29-30) This paper assesses the implication of 'ASEAN plus China' on ASEAN inter- and intra-trade. Based on secondary data analysis and survey of key literature, it shows a number of interesting findings. First, despite the establishment of the ASEAN Free Trade Area, regions outside ASEAN are still the most important markets for individual member countries, for both export and import. Second, recent data show that after the United States, the European Union, and Japan, China tends to become ASEAN?s largest trading partner; trade between China and ASEAN continues to increase, and its rate tends to accelerate. Third, based on various analytical approaches, the implementation of ASEAN plus China will most likely lead to trade diversion (TD), at least to some member countries. The paper concludes, therefore, that the ASEAN-China free trade zone will most likely generate higher trade volume between China and ASEAN at the cost of ASEAN intra-trade. Southeast Asia Economic relations. Free trade Southeast Asia. The Philippine Review of Economics Vol. XLIII, No. 1 (June 2006), p. [1]-30. Request full-text access via UPB University Library through https://forms.gle/KZjBv7aRtY6jiL5E9 (viewed 31 March 2021) UPBAG UPBAG-MAIN ARTICLE-2950 Analytics