The Asean–china Free Trade Agreement

Political Economy in Indonesia

Datos Bibliográficos

ID8415775
AutoresStephen V Marks (0000-0003-1819-6411, Pomona College, autor de correspondencia)
Año2015
Volumen51
Número2
Páginas287-306
Fecha de publicación2015-05-04
Peer ReviewedSí
Open AccessNo
TipoARTICLE
RevistaBulletin of Indonesian Economic Studies (JOURNAL)
Identificadores de la revistaISSN: 0007-4918 • E-ISSN: 1472-7234
EditorialInforma UK Limited (PUBLISHER • GB)
DOI10.1080/00074918.2015.1061917
OpenAlexW1908142147
IdiomaEN
Citas recibidas3
Referencias citadas17

The ASEAN–China Free Trade Agreement has been the most consequential trade agreement for ASEAN in the past decade. In this article, I use partial equilibrium modelling to estimate the direct impacts of the agreement on Indonesia and China, and from these estimates draw political economy implications for Indonesia. Although the agreement has contributed to a modest trade surplus for Indonesia overall, it has led to a larger bilateral deficit with China. In addition, the shifts to surplus for Indonesia have mostly been in resource-based sectors, while the shifts to deficit have occurred in many manufacturing sectors that the government would like to see grow. I argue that pushback against the agreement has contributed to a resurgence of non-tariff trade barriers in the country, although other political economy forces also have been at work. The agreement ultimately provides a cautionary tale: cutting regional import tariffs can lead to pressures for more complex and less transparent trade policies

Balance of trade · China · Economics · Free trade · Government (linguistics) · International economics · International free trade agreement · International trade · Political science · Politics · Tariff · Trade barrier · Trade diversion · Work (physics) · Asian Studies and History · Global trade and economics · International Development and Aid