The challenges of economic integration: the case of shipping in ASEAN countries

Abstract

The Association of Southeast Asian Nations (ASEAN) has agreed to establish an ASEAN single-shipping market (ASSM) by 2015. This paper aims to assess the impediments in achieving this vision and how they can affect the pace of integration. These impediments include the differences in their national shipping capacity, national shipping policies and regulations, and in their quality of shipping-related infrastructure and institutions. Due to these differences, the economic implications are likely to vary and raise important conceptual and implementation issues. The ASEAN experience could contribute to the understanding of shipping market integration and provide some lessons for other countries.