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Published in:
2008 | OriginalPaper | Chapter
Permeated Regionalism in East Asia: Cross-Regional Trade Agreements in Theory and Practice
Authors : Professor Saori N. Katada, Professor Mireya Solís
Published in: Cross Regional Trade Agreements
Publisher: Springer Berlin Heidelberg
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The new wave of regionalism has become an important feature of global political economy today. By the late 1990s, even East Asia, a region previously characterized by a near absence of formal free trade agreements (FTAs) and regional institutions, was engaged in a remarkable number of negotiations toward inter-state cooperation in the areas of finance and trade. As Table 1.1 shows East Asia was engaged in 124 FTAs (in force, under negotiation or under study) as of October 2007, and there are more to come. Hence, East Asia’s appetite for regional integration is already evident. However, a key feature of East Asian FTA diplomacy remains unacknowledged and therefore unaccounted for: the activism displayed in seeking preferential trading relations with countries outside the region.