South - East Asian Integration in the Context of OIC: Implications of Free Trade among Malaysia, Indonesia and Bangladesh

Acar, Mustafa; Alpay, Savaş; Bakimli, Esat; Koc, Zehra Zümrüt

doi:10.11130/jei.2009.24.1.1

Cited by 5 publications

(3 citation statements)

References 2 publications

(1 reference statement)

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“…Trade facilitation is expected to augment inter and intra-regional trade in South Asia (Hertel and Mirza, 2009). Many other studies also reveal that benefits spill over for all nations irrespective of their geographic location (Acar et al, 2009;Dao, 2015;Khoso et al, 2011;Mitsuyo and Shujiro, 2015;Siddiqui and Iqbal, 2005). The literature suggests that regional countries need to sign trade agreements to achieve their development goals.…”

Section: Literature Reviewmentioning

confidence: 97%

A Household Level Analysis of the Pakistan–Malaysia Free Trade Agreement

Khan

Mehmood

Zakaria

et al. 2018

Journal of Asian and African Studies

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Pakistan and Malaysia have a significant bilateral economic relationship. The Pakistan–Malaysia Free Trade Agreement (FTA) was signed in 2007, and was implemented in 2008. Pakistan’s volatile exports to Malaysia never achieved a sustainable period of growth. Trade balance has not achieved significant changes even after 9 years of implementation of the agreement. With this backdrop, this study first quantifies the current FTA between Pakistan and Malaysia and then suggests changes that could be made to improve the outcome for Pakistan. A new global economic trade model is adapted to include more detailed information on Pakistan’s labor and household groups into the Global Trade Analysis Project (GTAP) database. This allows for a more detailed analysis of the impact of the FTA on Pakistan at the household level. The results show that there is win–win scenario for both Pakistan and Malaysia if both are able to renegotiate the current FTA to get the same tariff concession as awarded to each other’s trading partners.

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Section: Literature Reviewmentioning

confidence: 97%

A Household Level Analysis of the Pakistan–Malaysia Free Trade Agreement

Khan

Mehmood

Zakaria

et al. 2018

Journal of Asian and African Studies

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“…A number of previous studies of the monastery union reported mixed results. Using multi-sector and multi-country general equilibrium models, they ensured positive benefits from trade liberalization to Malaysia and Indonesia, but threatened prosperity losses for Bangladesh (Acar et al, 2009). They estimate that closer integration of the whole OIC region can be achieved in the long term, and it must begin with a small-scale integration.…”

Section: Theoretical and Empirical Reviewsmentioning

confidence: 99%

An Assessment of Indonesia’s Monetary Integration With Oil Exporter Countries in Islamic Nations: Evidence From Panel Data

Agustiar

2020

IJEEP

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The paper aims to assess the monetary integration between Indonesia and oil exporting countries in Islamic countries. Increasing the oil trade intensity between Indonesia and oil-producing countries can drive monetary integration among them. This study applies the Optimum Currency Area (OCA) index to measure the degree of monetary integration between Indonesia and 21 oil-producing countries in the Organization of Islamic Cooperation. The results exhibit that the majority of oil-producing countries are strongly integrated with Indonesia. The panel regression test highlights two variables -the inflation similarity and trade openness -which had a significant effect on the OCA. This study provides an important policy base for Indonesia, primarily in improving its relations with oil-producing countries. Two channels -trade openness and maintaining harmonious price stability -are the entry point for Indonesia to integrate with oil countries.

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“…The contribution of this paper is threefold. First, although the CGE or GTAP models are widely adopted to analyse the economic impacts of trade liberalisation (e.g., Kitwiwattanachai et al, 2010;Acar et al, 2009;Francois and Wignaraja, 2008;Hertel et al, 2004;Brown et al, 2003), the application in maritime shipping studies concerning trade liberalisation is sparse. Two exceptions are Lee and Lee (2009) and Lee et al (2011), of which the former attempts to analyse the case of South Africa, and the latter pays due attention to the quantitative impacts of the FTA between Taiwan and China (i.e., the Economic Cooperation Framework Agreement, ECFA) on seaborne cargo volumes.…”

Section: Introductionmentioning

confidence: 99%

South-South trade liberalisation and shipping geography: a case study on India, Brazil, and South Africa

Lee¹,

Lee²

2012

IJSTL

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Freer South-South trade has been recognised as a vital engine for the developing countries to reap the maximum economic gains from multilateral trade liberalisation. One of the latest developments which draws considerable attention is the proposed free trade agreement among India, Brazil, and South Africa, namely IBSA, given the fact that the three countries are amongst the leading economies in the continents of South Asia, South America, and Africa, respectively. This paper applies a global computable general equilibrium model, Global Trade Analysis Project, and a converting approach to quantify the impacts of the IBSA trade liberalisation on seaborne cargo volumes. The major advantage of the GTAP model is that it can capture the effects of economy wide adaptation and asymmetric structure change in exports and imports caused by trade liberalisation. Based on our numerical results, removing high tariffs in the South-South trading routes reduces the significance of geographical distance in determining South-South trade patterns, and promotes distant trade with faraway countries.Keywords: South-South trade; trade liberalisation; computable general equilibrium; Global Trade Analysis Project; GTAP; container shipping; India; Brazil; South Africa.Reference to this paper should be made as follows: Lee, T-C. and Lee, P.T.W. This paper is a revised and expanded version of a paper entitled 'South-South trade liberalisation and shipping geography: a case study of IBSA' presented at

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South - East Asian Integration in the Context of OIC: Implications of Free Trade among Malaysia, Indonesia and Bangladesh

Abstract: Organization of the Islamic Conference (OIC) is the second largest intergovernmental organization after UN with its• JEL Classification : F13, F15, F17, R13, O50•

Cited by 5 publications

References 2 publications

A Household Level Analysis of the Pakistan–Malaysia Free Trade Agreement

A Household Level Analysis of the Pakistan–Malaysia Free Trade Agreement

An Assessment of Indonesia’s Monetary Integration With Oil Exporter Countries in Islamic Nations: Evidence From Panel Data

South-South trade liberalisation and shipping geography: a case study on India, Brazil, and South Africa

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