APTA: Membership Expansion and Future Roadmap
Dr. Ram Upendra Das Professor
Presented at APTA Business Forum Oragnised by UN ESCAP and FICCI 13 November 2014 New Delhi Introduction
Context: Stylized Facts APTA in Perspective Future Roadmap
Membership Expansion
Comprehensiveness of APTA
New Areas
Modalities and Work Programme Context: Stylized Facts Asian Century TTP and TTIP and RCEP Asian Regionalism De facto production integration: market-driven Production Fragmentation De jure process Comprehensive and deeper: Trade in goods, services and Investment Not in all sub-regions De jure: Policy-driven FTAs/RTAs Variable Geometry APTA in Perspective APTA is possibly one of the oldest Pan-Asian nature: Suitability Most inclusive sub-regions thus far Some of the Most dynamic economies
China, South Korea, India Institutional Paradox
Structured Institutional Mechanism
Progress in negotiations Potential of APTA: Enormous Intra-APTA Trade Failed Impact Future Roadmap Future Roadmap: Membership Expansion
Ministerial Mandate: APTA Expansion Mongolia Central Asia South Asia South-east Asia Developed countries of the region
Japan
New Zealand Benefits of membership expansion assessed Future Roadmap: Comprehensiveness of APTA
From PTA to FTA
Margin of preferences An Integrated Approach Trade in goods-services linkages Trade-investment linkages
FDI flows to Trade: Trade-creating joint ventures
Trade to FDI Trade in Services
Movement of factors of production
Capital (Mode III) and Labour (Mode IV) Trade and Investment
Economic welfare
Economic development Employment generation: Rules of Origin Income generation Poverty alleviation Trade in Goods, Services and Investment New Areas
Energy Security Digital Connectivity R&D, Innovation and High- Tech Exports Modalities and Work Programme Raise APTA to Summit Level
Heads of State/Government APTA Secretariat Milestones, Actions and Timelines Statistical, Database and Online Access Systems
Preference utilisation
Certificate of Origin
Projection of gains Thank You