1. Benefits of the ASEAN Investment Agreement
... South-East Asian Region. " A key feature of this agreement is the non-maintenance of quantitative restrictions and the elimination of non-tariff barriers" (ACIA Business and Investor, 2013). The removal of these trade impediments will lower the costs of trade transactions, further increase ASEAN trade and enhance economic efficiency. As low-cost imports under the FTA flow from one member to another, specialization in production ensues, thereby boosting real ... income in ASEAN as resources flow to sectors where they can more efficiently and productively utilized. Thus, boosting the powe...
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