This timely volume reviews the rapidly changing international economic environment and raises a range of issues and concerns pertaining to recent developments and the future of AFTA, ASEAN Free Trade Area. Part one is devoted to thematic analyses and perspectives dealing with trade; enlarging the ASEAN regional grouping; and relations with the World Trade Organization (WTO). Part two analyses AFTA in a wider comparative perspective, examining relationships with the major trading partners of ASEAN, namely the United States (and more broadly NAFTA); Japan; and the European Union.