NDLI: NAFTA and ASEAN

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NAFTA and ASEAN

Content Provider	Scilit
Author	Anderson, William P.
Copyright Year	2017
Description	The North American Free Trade Agreement (NAFTA) came into effect in 1994, providing tariff-free trade for the overwhelming majority of goods and liberalized trade in some services among the United States, Canada, and Mexico. Starting in 2015, the Association of Southeast Asian Nations (ASEAN) Economic Community (AEC) created a single market among the 10 ASEAN states. While the two trade bloc regions are a half a world apart geographically, they have some strong similarities. Among them is a high share of intermediate goods in within-bloc trade, leading to integrated production rather than exchange of finished goods among the member states. This high level of integration requires the establishment of efficient supply chains across international borders. This chapter explores the similarities between these two preferential trade agreements. Cross-border supply chains are considered in the context of the NAFTA and AEC cases. Like the AEC, NAFTA has significant differences in input costs – especially the cost of labour. Book Name: Economic Integration and Regional Development
Related Links	https://api.taylorfrancis.com/content/chapters/edit/download?identifierName=doi&identifierValue=10.4324/9781315534053-5&type=chapterpdf
Ending Page	74
Page Count	14
Starting Page	61
DOI	10.4324/9781315534053-5
Language	English
Publisher	Informa UK Limited
Publisher Date	2017-07-20
Access Restriction	Open
Subject Keyword	Book Name: Economic Integration and Regional Development Hematology Trade Agreements Border Free Trade
Content Type	Text
Resource Type	Chapter

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