in comparison of ASEAN+3 Roadmap
research has shown that the welfare gains are significantly higher
for all partners in JACIK (ASEAN+3+India) compared to the ASEAN+3
approach. The gains to the region are higher than India's gains.
The advantage of JACIK over ASEAN+3 stems from the strong complementary
strengths that India brings to the grouping in terms of services
and software to hardware and maufacturing prowess of East Asia.
integration with East Asia would not take an added effort because
East Asia's share in India's trade is already more than a quarter
and is growing fast. Also, the Indian economy is getting increasingly
integrated with East Asian production chains especially in knowledge-based
segments such as chip design, embedded software, R&D etc.
a detailed study on the welfare gains from JACIK please read the
RIS Discussion paper (No. 78) by S K Mohanty, Sanjib Pohit, and
Saikat Sinha Roy on Towards
Formation of Close Economic Cooperation among Asian Countries.
More Statistics on Benefits of Asian Economic Community
Potential of a Proposed JACIK Community in relation to NAFTA and