The central objective of our paper is to qualitatively and quantitatively assess the four different permutations (actual and potential) of ASEAN's FTAs with the Big three: ACFTA, AJFTA, AKFTA, and A+3FTA.
Our qualitative analysis is based on the theory of economic integration and our quantitative analysis is base on a computable general equilibrium (CGE) model. The results of our analysis can provide guidance for ASEAN policymakers about the relative merits of the different permutations.