ASEAN poised for economic growth with Free Trade Agreement utilization.
The article looks at how Free Trade Agreements (FTAs) impact trade and investment in Indonesia and other ASEAN countries. They studied data from 1992 to 2016 and found that using FTAs helps increase trade and investment within the region. ASEAN countries are shifting towards more intra-regional investment. The study suggests aiming for net export surplus with lower income partners and attracting foreign investment from higher income partners. They also found that having a central FTA hub is important for maximizing FTA benefits.