Another insight into Asian trade regionalism. ASEAN- -Japan economic partnership
Another insight into Asian trade regionalism. ASEAN- -Japan economic partnership

Summary/Abstract: The author finds ASEAN-Japan economic cooperation as strategically important both in terms of trade and investment. From the perspective of Japan, ASEAN is a strategic manufacturing hub, source of raw materials, as well as more and more attractive consumption market. From the perspective of ASEAN, Japan is an important source of development assistance, jobs, technology and skills. Regional production networks driven by the Japanese multinationals enhanced economic integration, interdependencies and covergence within ASEAN. AEC’s entrance into force is expected to increase ASEAN attractiveness for Japanese investments, whereas mega-regional trade frameworks engaging both Japan and ASEAN, namely, already signed TPP, as well as RCEP (under negotiation) and FTAAP (under discussion) may strengthen mutual linkages when addressing WTO Plus components effectively. While securing the centralist position of ASEAN in the Asian regionalism, Japan attempts to counter and encircle China within intra-regional rivalry over political and economic influences.

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