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Towards an East Asian Free Trade Area: Progress and Challenges.
(From Journal of Japanese Trade & Industry (JJTI))
Byline: Simon SC Tay
Introduction: Asia Changes Its Mind Discussions about free trade in Asia and a possible East Asian Free Trade Area (EAFTA) have changed almost entirely in the last four years. When these initiatives in Asia first arose in 2000, in the wake of the World Trade Organization's (WTO) failure at Seattle, they were controversial and widely criticized. Many "WTO purists" argued that such efforts were either inconsistent with the world trade rules or unnecessarily distracted from progress at the global level. In the ASEAN FTA, others strongly and unfairly criticized countries like Singapore ...
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