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  • 4 - Transforming the ASEAN Way in Inter-Asian Law

  • from Part I - Commercial Law
  • Edited by Matthew S. Erie, University of Oxford, Ching-Fu Lin, National Tsing Hua University, Taiwan
  • Book:
    Inter-Asian Law
    Published online:
    16 December 2025
    Print publication:
    22 January 2026, pp 80-96
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  • Summary

    This chapter explores the emergence of Inter-Asian Law (IAL) through the lens of multilayered investment agreements. It argues that the Association of Southeast Asian Nations (ASEAN)-centered regime has driven the normative evolution of IAL, which has diverged from Western approaches rooted in the Washington Consensus. The study examines how Asian countries are developing their own legal models, reducing dependence on American and European rules, and strengthening Asia’s influence in shaping international law. Focusing on investment law, the chapter highlights the pragmatic incrementalism of ASEAN and the Regional Comprehensive Economic Partnership in legal approaches. It analyzes the development of investment issues across three waves of global regionalism, as well as the evolving investment frameworks of the Asia-Pacific. Hence, the research demonstrates how IAL reflects Asian approaches to global governance and offers alternatives to conventional Western-dominated models for developing countries.