Regional economic integration and dispute settlement in East Asia : the evolving legal framework
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Bibliographic Information
Regional economic integration and dispute settlement in East Asia : the evolving legal framework
(Studies in international trade and investment law, v. 19)
Hart, 2018
- : hb
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Note
Includes bibliographical references (p. [525]-544) and index
Description and Table of Contents
Description
The accession of the People's Republic of China to the World Trade Organization (WTO) in 2001 significantly transformed the global economy both de facto and de jure. At the regional level, China's WTO accession served as an important catalyst for the establishment of Regional Trade Agreements (RTAs) in East Asia. This was a novel development for the region, since East Asian States had previously followed a largely informal, market-driven approach to regional economic integration. By contrast, rules-based economic integration involving East Asian States was traditionally limited to multilateral integration under the GATT/WTO framework.
This book systematically analyses and explains the development, nature and challenges of rules-based regional economic integration in East Asia with particular attention to the region's first four RTAs. While also addressing the socio-economic, historical and political factors influencing the development of RTAs in East Asia, the book focuses on the legal institutions governing economic integration in the Association of Southeast Asian Nations (ASEAN), as well as under the ASEAN-China Comprehensive Economic Co-Operation Agreement (ACFTA), the Japan-Singapore New Age Economic Partnership Agreement (JSEPA), and the Mainland China-Hong Kong Closer Economic Partnership Arrangement (CEPA). The book provides a systematic, comparative account of the scope, depth and (hard law versus soft law) quality of rules-based economic integration achieved under these four RTAs in the areas of trade in goods and services, investment liberalisation and protection, labour mobility, and dispute settlement.
Table of Contents
1. INTERNATIONAL ECONOMIC INTEGRATION: THEORETICAL FOUNDATIONS
I. Introduction
II. Defining International Economic Integration
III. Promoting International Economic Integration Through Law
IV. Economic Integration Through the WTO
V. Economic Integration Through Regional Trade Agreements
VI. The Multilateral Framework for Regional Trade Agreements
VII. Summary
2. ECONOMIC INTEGRATION IN EAST ASIA-ORIGINS, DEVELOPMENTS AND PROSPECTS
I. Introduction
II. East Asia-Definition and Characteristics
III. Dominance of Market-led Integration and Economic Cooperation in East Asia in the Twentieth Century
IV. First Experiences of East Asian Countries with Limited RTAs
V. Rapid Surge of RTAs in East Asia in the Twenty-first Century
VI. Summary
3. THE LEGALISATION OF TRADE AND INVESTMENT RELATIONS IN ASEAN, ACFTA, JSEPA AND CEPA
I. Introduction and Objectives
II. Background Information
III. The Legal Framework for Economic Integration-Goods, Services, Investment and Labour
IV. The Legal Framework for Dispute Settlement
V. Comparing and Evaluating Levels of Legalisation
VI. Summary
4. EAST ASIAN RTAS-SIGNIFICANCE AND CHALLENGES FOR THE REGION AND BEYOND
I. Introduction
II. The Significance of RTAs for East Asia
III. RTA Challenges for East Asia: Managing East Asia's 'Noodle Bowl'
IV. The Global Significance of East Asian RTAs
V. Summary
by "Nielsen BookData"