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ASEAN: Regional Trends in Economic Integration, Export ... - USITC

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elationship. 16 To improve global market opportunities and attract <strong>in</strong>vestment, <strong>ASEAN</strong><br />

has implemented FTAs with Australia and New Zealand (<strong>in</strong> a s<strong>in</strong>gle FTA), Ch<strong>in</strong>a, India,<br />

Japan, and Korea (box 2.3). 17 Individual <strong>ASEAN</strong> countries have also implemented FTAs<br />

with various partners, result<strong>in</strong>g <strong>in</strong> an overlapp<strong>in</strong>g web of FTAs. 18<br />

FIGURE 2.1 <strong>ASEAN</strong> trade, by partner, 2005 and 2009<br />

ROW,<br />

21%<br />

2005<br />

<strong>ASEAN</strong>,<br />

25%<br />

ROW,<br />

22%<br />

2009<br />

<strong>ASEAN</strong>,<br />

24%<br />

India, 2%<br />

ANZ, 3%<br />

Korea,<br />

4%<br />

United<br />

States,<br />

13%<br />

Ch<strong>in</strong>a,<br />

9%<br />

Total trade: $1.2 trillion<br />

Source: <strong>ASEAN</strong> Secretariat Yearbook.<br />

EU25,<br />

11%<br />

Japan,<br />

13%<br />

India, 3%<br />

ANZ, 3%<br />

Korea,<br />

5%<br />

United Ch<strong>in</strong>a,<br />

States, 11%<br />

10%<br />

Total trade: $1.5 trillion<br />

EU25,<br />

11%<br />

Japan,<br />

12%<br />

Note: ROW = rest of the world; ANZ = Australia and New Zealand; EU25 = Austria, Belgium, Cyprus, Czech<br />

Republic, Denmark, Estonia, F<strong>in</strong>land, France, Germany, Greece, Hungary, Ireland, Italy, Latvia, Lithuania,<br />

Luxembourg, Malta, the Netherlands, Poland, Portugal, Slovak Republic, Slovenia, Spa<strong>in</strong>, Sweden, and the United<br />

K<strong>in</strong>gdom. Figures may not total to 100 percent due to round<strong>in</strong>g.<br />

16 See, for example, <strong>ASEAN</strong>, Declaration of <strong>ASEAN</strong> Concord II, October 7, 2003, 3; Cordenillo, “The<br />

Future of the <strong>ASEAN</strong> Free Trade Area and the Free Trade Areas Between <strong>ASEAN</strong> and Its Dialogue<br />

Partners,” n.d.<br />

17 For more <strong>in</strong>formation on the status of <strong>ASEAN</strong> FTAs, see ADB, Free Trade Agreement Database for<br />

Asia, http://www.aric.adb.org/. <strong>ASEAN</strong> is <strong>in</strong>volved with other regional projects as well, such as the Asia-<br />

Pacific <strong>Economic</strong> Cooperation (APEC) forum and the <strong>ASEAN</strong>+3 (with Ch<strong>in</strong>a, Japan, and Korea).<br />

18 See app. E for <strong>in</strong>formation on member state FTAs.<br />

2-6

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