Parallel Integration and ASEAN-EU Trade Potential: an Empirical Analysis

Abstract

This paper empirically assesses the integration of ASEAN with the European Union (EU) from an ASEAN-European Union trade model, and investigates their untapped trade potential. For the observation period of 1996 to 2008, the ASEAN-EU trade gap between the potential trade and the actual trade appears quite substantial. This study opens up the scope for future study on the ASEAN-EU regional integration.