Regional Economic Integration and Dispute Settlement in East Asia: The Evolving Legal Framework

The accession of the People's Republic of China to the World Trade Organization (WTO) in 2001 significantly transformed global economic relations both de facto and de jure. At the regional level, China's WTO accession served as a catalyst for the juridification of economic relations in East Asia based on Regional Trade and Investment Agreements (RTAs). This was a novel development for the region, since East Asian states had previously followed a largely informal, market-based approach to regional economic integration, essentially limiting rules-based economic integration to the global level based on the 'most favoured nation principle' under the GATT/WTO framework. This book systematically analyses and explains the development, nature and challenges of rules-based regional economic integration in East Asia with a focus on the first four East Asian RTAs, which involve the members of the Association of Southeast Asian Nations, China, Japan, Singapore and the Hong Kong SAR. While also addressing socio-economic, historical and political factors, the book's primary focus is the legal institutions now shaping East Asian regional economic integration. The book provides a systematic, comparative account of the scope, depth and (hard law vs soft law) quality of rules-based economic integration achieved in AFTA, ACFTA, JSEPA and CEPA in the areas of trade in goods and services, investment liberalisation and protection and labour movement, as well as dispute settlement.

Anna G Tevini is an attorney with Shearman & Sterling LLP in New York whose practice focuses on international arbitration and Asia-related internal investigations. She holds a PhD degree in law (summa cum laude) from Gottingen University, Germany, and an LLM degree from New York University. Her doctoral dissertation, on which this book is based, was awarded Gottingen University's Law Faculty Award for Best Thesis in 2012. A fluent Mandarin speaker, Anna has lived in China and Southeast Asia at various times during the past 20 years. She is a member of the Asian Affairs Committee of the New York City Bar Association and a senior fellow of the Melton Foundation.