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  • 11 - The ASEAN Legal Framework for Free Trade and the Promotion and Protection of Foreign Investment

  • from Part IV - Multilateral Rule-Making in Asia on Trade and Investment: From ASEAN to the Comprehensive and Progressive Agreement for Trans-Pacific Partnership
  • Edited by Mahdev Mohan, Singapore Management University, Chester Brown, University of Sydney
  • Book:
    The Asian Turn in Foreign Investment
    Published online:
    13 August 2021
    Print publication:
    26 August 2021, pp 183-198

  • Summary

    This chapter charts developments in Southeast Asia concerning regional economic integration through the conclusion of plurilateral trade and investment agreements.It examines the early steps towards achieving economic integration, including the creation of the Association of Southeast Asian Nations (“ASEAN”) in 1967, and the progressive steps that Southeast Asian States have taken to liberalise their economic and investment policies through the ASEAN framework.It then considers various recent and ongoing developments in regional economic integration, including the negotiation of the Trans-Pacific Partnership Agreement and its revival as the Comprehensive and Progressive Agreement on Trans-Pacific Partnership, the creation of the ASEAN Economic Community, and the ongoing negotiation of the Regional Comprehensive Partnership Agreement.It concludes with the observation that many innovations in the negotiation of IIAs are emerging from the practice of ASEAN and other Asian States which are having broader implications on the field of international investment law.