ASEAN Free Trade Agreements Boost Regional and Global Trade Flows
The researchers studied how agreements between ASEAN countries and China affected trade from 1999 to 2015. They looked at factors like GDP, population, distance, and shared language in determining trade. They found that agreements like AFTA and ACFTA increased trade between ASEAN countries and their trading partners, both inside and outside the region. By reducing tariff barriers, these agreements boosted trade volumes in total manufacturing.