Is The TPP Heading For The Spaghetti Bowl?

Is The TPP Heading For The Spaghetti Bowl?

Ever since Jagdish Bhagwati coined the phrase ‘spaghetti bowl’ to describe the maze of overlapping preferential trade arrangements (PTAs), trade economists have been split over whether such deals are ‘building blocks’ or ‘stumbling blocks’ for the multilateral trading system. PTA proponents point to the complementary of most favoured nation (MFN) and PTA tariff cutting during […]

How Restrictive are Asean’s Rules of Origin?

How Restrictive are Asean’s Rules of Origin?

Asia accounts for more than 50 per cent of the world’s automobile production, 62 per cent of liquid display screen, 86 per cent of smart phones and 100 per cent of digital cameras. Much of this production is based on production networks: that is, value chains that criss-cross the region, with the various stages of […]