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11 - The ASEAN Legal Framework for Free Trade and the Promotion and Protection of Foreign Investment

from Part IV - Multilateral Rule-Making in Asia on Trade and Investment: From ASEAN to the Comprehensive and Progressive Agreement for Trans-Pacific Partnership

Published online by Cambridge University Press:  13 August 2021

By
Chester Brown  and
Henry Winter
Edited by
Mahdev Mohan  and
Chester Brown
Mahdev Mohan
Affiliation:
Singapore Management University
Chester Brown
Affiliation:
University of Sydney
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Summary

This chapter charts developments in Southeast Asia concerning regional economic integration through the conclusion of plurilateral trade and investment agreements.It examines the early steps towards achieving economic integration, including the creation of the Association of Southeast Asian Nations (“ASEAN”) in 1967, and the progressive steps that Southeast Asian States have taken to liberalise their economic and investment policies through the ASEAN framework.It then considers various recent and ongoing developments in regional economic integration, including the negotiation of the Trans-Pacific Partnership Agreement and its revival as the Comprehensive and Progressive Agreement on Trans-Pacific Partnership, the creation of the ASEAN Economic Community, and the ongoing negotiation of the Regional Comprehensive Partnership Agreement.It concludes with the observation that many innovations in the negotiation of IIAs are emerging from the practice of ASEAN and other Asian States which are having broader implications on the field of international investment law.

Keywords

ASEANPreferential Trading AgreementsASEAN+1regional economic integrationASEAN Free Trade AreaASEAN Comprehensive Investment AgreementASEAN Economic Community
Type
Chapter
Information
The Asian Turn in Foreign Investment , pp. 183 - 198
Publisher: Cambridge University Press
Print publication year: 2021

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