What are the estimated economic effects of AFTA? Clearly it is too early to say ex post: AFTA
has only very recently come into effect for most countries, and the CLMV countries have not yet
fully liberalized. Several studies using standard Computational General Equilibrium (CGE)
models have tried ex ante to address this issue, at least for the ASEAN-5 (i.e., the original
ASEAN countries). To our knowledge no study has estimated the effects of AFTA on the
ASEAN-10.