SOUTHEAST ASIA AND LATIN AMERICA - A DECADE OF TRADE RELATIONS (2002-2012)
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Creator Jakarin Srimoon
Title SOUTHEAST ASIA AND LATIN AMERICA - A DECADE OF TRADE RELATIONS (2002-2012)
Contributor Nancy Huyen Nguyen
Publisher University of the Thai Chamber of Commerce
Publication Year 2557
Journal Title UTCC International Journal of Business and Economics
Journal Vol. 6
Journal No. 1
Page no. 139-152
Keyword trade relations, inter-regional trade, free trade agreements, ASEAN, Southeast Asia, Latin America
URL Website http://ijbejournal.com/
Website title ijbejournal
ISSN 1906-5582 (paper)
Abstract Besides North-South trade relations, there is an unprecedented rise of South-South goods and services flows. There is no better example than the trade relations between ASEAN members and Latin America. This paper analyzes the trends in the inter-regional trade between Southeast Asia and Latin America (specifically Bloc 6-Argentina, Brazil, Chile, Colombia, Mexico and Peru) over a period of ten years, from 2002 to 2012. The study results show that the trade flows between Southeast Asia and Latin America-Bloc 6 continue to demonstrate a tremendous growth. Southeast Asia-Latin America free trade agreements provide the foundations for interregional trade by liberalizing goods and services trade as well as some regulatory barriers. The paper also recommends measures to remove existing trade barriers and to promote the greater cooperation between the two regions.
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