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Title: ASEAN-China free trade area : an assessment of tariff elimination effect on welfare
Authors: Safuan, Sugiharso
Keywords: ASEAN
International trade
ASEAN Free Trade Area
Free trade -- Southeast Asia
Southeast Asia -- Foreign relations -- China
China -- Foreign relations -- Southeast Asia
Tariff -- Law and legislation -- Southeast Asia
Customs administration -- Law and legislation -- Southeast Asia
Asian cooperation
Southeast Asia -- Commerce -- China
China -- Commerce -- Southeast Asia
ASEAN Free Trade Area -- Foreign economic relations -- China
China -- Foreign economic relations -- ASEAN Free Trade Area
Issue Date: 2017
Publisher: University of Piraeus. International Strategic Management Association
Citation: Safuan, S. (2017). ASEAN-China free trade area : an assessment of tariff elimination effect on welfare. European Research Studies Journal, 20(4B), 27-37.
Abstract: This study aimed to assess the economic impact of the the establishment of the ACFTA policy by simulating trade barrier removal. In performing this analysis, we evaluated the effects of trade of member of commodities in EHP, NT, and HSL categories separately. We apply the data using a general equilibrium model (GTAP). Results showed that the elimination of tariff and non-tariff trade barriers to product groups within NT and HSL categories had a positive impact on trade volume, economic growth, and welfare. In general, the ACTFA is likely to have a beneficial impact on welfare in participating countries. Singapore and China had the highest welfare increase relative to other members of ASEAN.
ISSN: 11082976
Appears in Collections:European Research Studies Journal, Volume 20, Issue 4, Part B

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