•Russell Hiang-Khng Heng is a Senior Fellow at the Institute of Southeast Asian Studies, Singapore.
•Rahul Sen is a Fellow at the Institute of Southeast Asian Studies, Singapore.
This book attempts to create a conceptual understanding on the features and benefits of FTAs proliferating in Southeast Asia. It focuses on the debate of whether such FTAs are a building, or a stumbling, block towards achieving global free trade. The book details the concluded as well as ongoing FTA initiatives of Singapore, highlighting the benefits to the Singapore economy. It further details the other ongoing Asean-wide FTA initiatives, both at the bilateral and regional levels, and analyses their implications for the economies of Southeast Asia. The book observes that it is important to understand the exact nature of the gains from trade when entering into such agreements, given their wide scope and diverse nature.