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Whither sub-regional cooperation? The China-clmv trade perspective

Recent debates advocate that closer sub-regional trade cooperation may be an excellent start to stronger regional cooperation. The study investigates this proposition for the case of CLMV countries that remain less integrated into the ASEAN region. In this respect, the China-CLMV bilateral trade flo...

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Main Author: Devadason, E.S.
Format: Conference or Workshop Item
Language:English
Published: 2010
Subjects:
HB Economic Theory
Online Access:http://eprints.um.edu.my/11269/1/Article_210.pdf
http://eprints.um.edu.my/11269/
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spelling my.um.eprints.112692014-12-18T01:27:35Z http://eprints.um.edu.my/11269/ Whither sub-regional cooperation? The China-clmv trade perspective Devadason, E.S. HB Economic Theory Recent debates advocate that closer sub-regional trade cooperation may be an excellent start to stronger regional cooperation. The study investigates this proposition for the case of CLMV countries that remain less integrated into the ASEAN region. In this respect, the China-CLMV bilateral trade flows are examined prior to detailing the role of China as a core trade partner to the periphery of CLMV in enhancing trade expansion within the context of intra-ASEAN regional and intra-GMS sub-regional synergies. The key findings of the study are: First, there are negative effects of China-CLMV trade collaboration, whereby the export potential particularly for agricultural products is clearly underexploited. Second, China’ trade relations with CLMV indicate that import integration lags behind export integration. The Chinese import potential of CLMV’s manufactures in particular is underexploited, plausibly reflecting the inability of the latter to be part of the regional supply chain. Third, when China’s regional and sub-regional influence is considered along the dimensions of an export destination, there are positive gains for CLMV and the magnitude of those gains appear larger within the sub-regional context. Overall, the study points out that though the China-CLMV trade relations remain sub-optimal as it is unbalanced and underexploited, sub-regional membership of CLMV in the GMS is important as benefits can be derived from the Thailand-China synergy, geographical proximity and common border effects. 2010-01 Conference or Workshop Item PeerReviewed application/pdf en http://eprints.um.edu.my/11269/1/Article_210.pdf Devadason, E.S. (2010) Whither sub-regional cooperation? The China-clmv trade perspective. In: 2010 IABR & ITLC Conference Proceedings, 04-06 Jan 2010, Orlando, Florida.
institution Universiti Malaya
building UM Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universiti Malaya
content_source UM Research Repository
url_provider http://eprints.um.edu.my/
language English
topic HB Economic Theory
spellingShingle HB Economic Theory
Devadason, E.S.
Whither sub-regional cooperation? The China-clmv trade perspective
description Recent debates advocate that closer sub-regional trade cooperation may be an excellent start to stronger regional cooperation. The study investigates this proposition for the case of CLMV countries that remain less integrated into the ASEAN region. In this respect, the China-CLMV bilateral trade flows are examined prior to detailing the role of China as a core trade partner to the periphery of CLMV in enhancing trade expansion within the context of intra-ASEAN regional and intra-GMS sub-regional synergies. The key findings of the study are: First, there are negative effects of China-CLMV trade collaboration, whereby the export potential particularly for agricultural products is clearly underexploited. Second, China’ trade relations with CLMV indicate that import integration lags behind export integration. The Chinese import potential of CLMV’s manufactures in particular is underexploited, plausibly reflecting the inability of the latter to be part of the regional supply chain. Third, when China’s regional and sub-regional influence is considered along the dimensions of an export destination, there are positive gains for CLMV and the magnitude of those gains appear larger within the sub-regional context. Overall, the study points out that though the China-CLMV trade relations remain sub-optimal as it is unbalanced and underexploited, sub-regional membership of CLMV in the GMS is important as benefits can be derived from the Thailand-China synergy, geographical proximity and common border effects.
format Conference or Workshop Item
author Devadason, E.S.
author_facet Devadason, E.S.
author_sort Devadason, E.S.
title Whither sub-regional cooperation? The China-clmv trade perspective
title_short Whither sub-regional cooperation? The China-clmv trade perspective
title_full Whither sub-regional cooperation? The China-clmv trade perspective
title_fullStr Whither sub-regional cooperation? The China-clmv trade perspective
title_full_unstemmed Whither sub-regional cooperation? The China-clmv trade perspective
title_sort whither sub-regional cooperation? the china-clmv trade perspective
publishDate 2010
url http://eprints.um.edu.my/11269/1/Article_210.pdf
http://eprints.um.edu.my/11269/
_version_ 1643689011727826944
score 13.211869

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