15-May-2009
Brooks Foreign Policy Review
Over the last decade, ASEAN has negotiated free trade agreements (FTA) at breakneck speeds, signing deals with Japan, Australia, and New Zealand. It is also in the process of negotiating FTAs with India, South Korea, and China. The deal with China has garnered much attention, because it will create the third largest common market by trade volume, with a population of 1.8 billion and a US$2 trillion Gross Domestic Product (GDP).