Table of Contents

Foreword

1 Introduction
Richard Baldwin, Masahiro Kawai and Ganeshan Wignaraja

2 The future of the world trade system: Asian perspectives
Pascal Lamy

Section 1: Supply Chains and Production Networks

3 WTO 2.0: Thinking ahead on global trade
Richard Baldwin

4 Trade in value-added: An East Asian perspective
Satoshi Inomata

5 Rethinking the impact of exchange rates on trade flows along global production networks
Yuqing Xing

6 Do SMEs matter in Asian production networks?
Ganeshan Wignaraja

Section 2: Commercial and Industrial Policies

7 Increasing value from global value chain participation: What role for industrial policy?
Patrick Low and Julia Tijaja

8 Is murky protectionism a real threat to Asian trade?
Simon J. Evenett

9 Exchange rate policy and regional trade agreements
Richard Pomfret and Victor Pontines

Section 3: Regional Trade Governance

10 Policy challenges posed by Asian FTAs
Masahiro Kawai and Ganeshan Wignaraja

11 The ASEAN Economic Community: Progress, challenges and prospects
Siow Yue Chia

12 Construction of RCEP by consolidating ASEAN+1 FTAs
Shujiro Urata

13 ASEAN+, RCEP and TPP: A clash of integration concepts
Cédric Dupont

Section 4: Global Trade Governance

14 The future of the World Trade Organization
Biswajit Dhar

15 A new perspective for the World Trade Organization
Tomochika Uyama

16 Plurilateral agreements: A viable alternative to the WTO?
Michitaka Nakatomi

17 The case for enhancing regional and global rules for investment
Zhang Yunling and Rongyan Wang

18 A multilateral agreement on investment: A brief reflection
Alejandro Jara

19 Multilateralisation of regional trade agreements
Rohini Acharya

20 WTO-ASEAN asymmetries: Calling for greater collaboration
Maika Oshikawa