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ERIA RESEARCH PROJECT 2007 No. 1-2 Deepening Economic Integration –The ASEAN Economic Community and Beyond –

PROJECT MEMBERS

Dr. Hadi Soesastro (Project leader):  Executive Director, Centre for Strategic and International Studies (CSIS),
Indonesia.

Dr. Fukunari Kimura:  Professor, Faculty of Economics, Keio University, Japan.

Mr. Hiromichi Ozeki:  Director in Charge, Development Studies Center, Institute of Developing Economies, JETRO
(IDE-JETRO), Japan.

Dr. Erlinda Medalla:  Senior Research Fellow, Philippine Institute for Development Studies (PIDS), Philippines.

Dr. Josef T. Yap:  President, Philippine Institute for Development Studies (PIDS), Philippines.

Dr. Brent Layton:  Chief Executive, New Zealand Institute of Economic Research (NZIER), New Zealand.

Dr. Jenny Corbett:  Executive Director, Australia-Japan Research Centre (AJRC), Crawford School of Economics and
Government, Australian National University (ANU), Australia.

Dr. Wisarn Pupphavesa:  Advisor, Thailand Development Research Institute (TDRI), Thailand.

Dr. Mohamed Ariff:  Executive Director, Malaysian Institute of Economic Research (MIER), Malaysia.

Dr. Vo Tri Thanh:  Director, Central Institute for Economic Management (CIEM), Ministry of Planning and Investment,
Vietnam.

Dr. Raymond Atje:  Head, Department of Economics, Centre for Strategic and International Studies (CSIS), Indonesia.

Dr. Hank Lim:  Research Director, Singapore Institute of International Affairs (SIIA), Singapore.

Dr. Nagesh Kumar:  Director General, Research and Information System for Developing Countries (RIS), India.

Dr. Ramkishen S. Rajan:  Associate Professor, George Mason University, USA.

Dr. Sasatra Sudsawasd:  Lecturer and Research Specialist, National Institute of Development Administration (NIDA),
Thailand.

Mr. Daisuke Hiratsuka:  Director General, Development Studies Center, Institute of Developing Economies, JETRO
(IDE-JETRO), Japan.

Mr. Ikumo Isono:  Research Fellow, Institute of Developing Economies, JETRO (IDE-JETRO), Japan.

Dr. Hitoshi Sato:  Director, Research Fellow, Institute of Developing Economies, JETRO (IDE-JETRO), Japan.

Mr. So Umezaki:  Research Fellow, Bangkok Research Center, JETRO (BRC-JETRO), Thailand.


ERIA RESEARCH PROJECT REPORT 2007 No. 1-2 Deepening Economic Integration in East Asian –The ASEAN Economic Community and Beyond –

Edited by Hadi Soesastro


CONTENTS

EXECUTIVE SUMMARY

Executive Summary
PART I.
DEEPENING ECONOMIC INTEGRATION IN EAST ASIA: DEVELOPMENT AND CHALLENGES
Chapter 1. The Strategic Framework for Deepening Integration
Fukunari Kimura
Chapter 2. Development of De Facto Economic Integration in East Asian Trade
Hiromichi Ozeki

PART II
DEEPENING ECONOMIC INTEGRATION IN EAST ASIA: IMPLEMENTATION OF THE ASEAN ECONOMIC COMMUNITY
Chapter 3. Implementing the ASEAN Economic Community (AEC) Blueprint
Hadi Soesastro
Chapter 4. Policy Issues for the ASEAN Economic Community: the Rules of Origin
Erlinda M. Medalla and Josef T. Yap
Chapter 5. Trade Facilitation: A Study in the Context of the ASEAN Economic Community Blueprint
Brent Layton
Chapter 6. Services Trade Liberalisation in the ASEAN Economic Community and Beyond
Jenny Corbett
Chapter 7. Investment Liberalization and Facilitation: Contribution to the ASEAN Economic Community Blueprint
Wisarn Pupphavesa
Chapter 8. Competition Policy for ASEAN
Mohamed Ariff
Chapter 9. Narrowing the development gap in ASEAN: Approaches and Policy Recommendations
Vo Tri Thanh
Chapter 10. ASEAN Economic Community: In Search of a Coherent External Policy
Raymond Atje
Chapter 11. Policy Recommendations to Facilitate Implementation
Hank Lim
PART III
DEEPENING ECONOMIC INTEGRATION IN EAST ASIA: KEY INVESTMENT ISSUES
Chapter 12. Investment Cooperation and Liberalization in ASEAN+6
Nagesh Kumar
Chapter 13. Intra-Developing Asia FDI Flows: Magnitudes, Trends, and Determinants
Ramkishen S. Rajan
Chapter 14. Taxation, Business Regulation, and Foreign Direct Investment in East Asia
Sasatra Sudsawasd
PART IV
DEEPENING ECONOMIC INTEGRATION IN EAST ASIA: KEY TRADE ISSUES
Chapter 15. Rules of Origin: Regimes in East Asia and Recommendations for Best Practice
Erlinda M. Medalla
Chapter 16. Escaping from FTA Trap and Spaghetti Bowl Problem in East Asia: An Insight from the Enterprise Survey in Japan
Daisuke Hiratsuka, Ikumo Isono, Hitoshi Sato, and So Umezaki
PART V
FUTURE RESEARCH
Chapter 17. Future Research
Hadi Soesastro