Regional Economic Integration and Dispute Settlement in East Asia
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- Independent Publishers Group
More About This Title Regional Economic Integration and Dispute Settlement in East Asia
The accession of the People's Republic of China to the World Trade Organization (WTO) in 2001 significantly transformed global economic relations both de facto and de jure. At the regional level, China's WTO accession served as a catalyst for the juridification of economic relations in East Asia based on Regional Trade and Investment Agreements (RTAs). This was a novel development for the region, since East Asian states had previously followed a largely informal, market-based approach to regional economic integration, essentially limiting rules-based economic integration to the global level based on the 'most favoured nation principle' under the GATT/WTO framework. This book systematically analyzes and explains the development, nature, and challenges of rules-based regional economic integration in East Asia with a focus on the first four East Asian RTAs, which involve the members of the Association of Southeast Asian Nations, China, Japan, Singapore, and the Hong Kong SAR. While also addressing socio-economic, historical, and political factors, the book's primary focus is the legal institutions now shaping East Asian regional economic integration. The book provides a systematic, comparative account of the scope, depth, and (hard law vs. soft law) quality of rules-based economic integration achieved in AFTA, ACFTA, JSEPA, and CEPA in the areas of trade in goods and services, investment liberalisation, and protection and labour movement, as well as dispute settlement. (Series: Studies in International Trade & Investment Law) [Subject: International Economic & Trade Law, Arbitration & Mediation, International Investment Law, Public International Law, Asian Law]