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EAI Issue Briefing
ASEAN Economic Centrality Amid Controversy over TPP and RCEP
Hyung Jong Kim, Yonsei University
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"ASEAN Centrality, the Key to Preserving a Vision of the East Asian Community" |
The Association of Southeast Asian Nations (ASEAN) set the ASEAN Community Vision 2025 as "forging ahead together" at the launching of the ASEAN Economic Community (AEC). Because the economic growth of ASEAN is linked with the progress of the AEC, Hyung Jong Kim highlights opportunities and challenges posed by a shift of focus of the AEC from promoting intraregional trade to mobilizing foreign direct investment, as well as by the emergence of a mega FTA competition between the Trans-Pacific Partnership (TPP) and the Regional Comprehensive Economic Partnership (RCEP). Kim argues that ASEAN centrality would help preserve a vision of the East Asian community by encouraging the completion of a missing FTA link, namely a Korea-China-Japan FTA.
 
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