An easy business-oriented guide to the region's various multilateral trade agreements


Welcome to PBEC Trade Matters

As of 2017 there are 279 Regional Trade Agreements (RTAs) in force around the world. The ever-growing number of regional trade agreements is a prominent feature of international trade, and one that is becoming increasingly complex. Already RTAs span more than 50% of global trade, and along with the global multilateral agreements under WTO, this is becoming increasing complex for organisations running global and regional businesses. Such effects have increased the cost of doing business as well as increased the risks associated to geopolitical tensions.

PBEC was born in 1967 - a time when regional trade was nascent in Asia-Pacific, and few governments were ready to shoulder the responsibility of negotiating trade agreements. So a group of business leaders around the Pacific took it upon themselves to meet regularly and work with their respective governments to develop frameworks to facilitate international trade.

Now - 50 years later - PBEC continues its mission as the independent voice of responsible business and trade across the Pacific Basin.
We believe that through cooperation and the exchange of ideas, the private sector can work with governments to promote significant growth and prosperity across Asia and the Pacific.

In 2016, the PBEC Trade Matters project was initiated to provide a no-nonsense business friendly guide to the trade agreements in the Pacific Rim. A resource to help business leaders understand these agreements in a language that makes sense. A guide that is continuously updated and revised to keep our readers abreast of changes that may have an impact on their business decisions.

I hope you find our guide useful, and I welcome any feedback you may have.

 

Andrew Weir
Chairman
Pacific Basin Economic Council

 

PBEC Trade Covers:

Economies in the Pacific Rim

Percent of World Population

Percent of World GDP

Latest News on Regional Trade Agreements

2019-01-20
Trump has delivered on his promises to renegotiate the North American Free Trade Agreement and to withdraw from the Trans-Pacific Partnership, a big Asian trade deal. The new NAFTA, which Trump calls ...
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2019-01-19
Nowhere is this truer than with his January 2017 memorandum pulling the U.S. out of the Trans-Pacific Partnership, a long-negotiated 12-nation trade pact that would have comprised some 40 percent of g...
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2019-01-18
The 18th ASEAN 3 Tourism Ministers Meeting took place in Ha Long city, the northeastern province of Quang Ninh on January 18 as part of the activities of the ASEAN Tourism Forum 2019 (ATF 2019).
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2019-01-18
Foreign ministers of the 10-member Association of Southeast Asian Nations on Friday hewed to the group's practice of reaching the least provocative consensus possible in discussions of such ...
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2019-01-17
Pacific Alliance Bank PFBN, +0.00%, today announced that the Board of Directors declared a cash dividend on its common stock of $0.10 per share. The dividend will be paid on February 15, 2019, to stoc...
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2019-01-11
Within the economies of the Asia-Pacific Economic Cooperation, 97 percent of enterprises are MSMEs. With the current FAANG losses in the stock market, and the headwinds faced by the BATs as well ...
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Pacific Basin Economic Council

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