Abstract
While the positive impacts of free trade agreements (FTAs) on liberalization in the services sector are widely noted, detailed quantitative analyses are rather scant. This paper takes a first step in analyzing the impact of ASEAN-related FTAs on mode 3 (commercial presence)-based trade in services. Overall, the results reveal some positive correlations between the degree of service trade liberalization in the host country and the service firms' commercial presence in that country. This points to a need to further promote service trade liberalization possibly under the auspices of the proposed Regional Comprehensive Economic Partnership (RCEP).
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More From: Journal of International Commerce, Economics and Policy
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