Browsing by Author "Balaoing, Edylinda O."

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    EC-ASEAN relations
    (1991-01) Balaoing, Edylinda O.; de Dios, Emmanuel S.
    The prospect of a more unified and integrated European Community has revived old and persistent questions on what its implications might be on the welfare of non-member countries. This is one of the principal issues dealt with in this present study, focus being given to EC relations with the ASEAN. An analysis of past overall growth rates of EC and ASEAN market shares shows that the reinforcement of European integration could have adversely affected ASEAN countries. Indicators of trade diversion are observed particularly during the period of Spain's and Portugal's accession to the EC. This affected ASEAN's exports of manufactures such as wood products, electronics and textiles. The scope of trade diversion in EC-ASEAN trade is greatest in the product range of manufactures (SITC 6-8) as more overlapping of exports occur in those areas. On the other hand, the analysis of the changing patterns of ASEAN trade towards the exports of manufactures likewise revealed the probable areas where mutually beneficial exchange of tariff reductions could take place.
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