Paper Title
Revisiting The Impacts of Free Trade Agreements on Trade Flow in Asean+3

Abstract
The present paper applied the augmented gravity model to examine the impacts of FTAs between ASEAN and China, Japan and Republic of Korea on the intra-regional export market. Together with traditional variables, we also introduce in our gravity the network indicators and take into account the potential endogeneity. Our empirical estimation is based on a data sample covering both aggregated and disaggregated intra-ASEAN+3 exports over the period 1990 - 2015. This study reveals a set of important findings. We find evidence that the joining of China, South Korea has the positive effects on fostering intra-ASEAN+3 bilateral trade flows. However, the impacts of the ASEAN - Japan FTA is not revealed in many cases. Furthermore, our results also suggest that with an important position in ASEAN+3’s trade network, a country’s role can positively influence ASEAN+3’s bilateral trade among ASEAN+3. JEL: F02; F10; F14; F40. Keywords- gravity model; trade network; FTA; ASEAN+3