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

2018-01-18
During the 16th to 20th centuries, major world powers embarked on an aggressive race to colonize large swathes of the globe to feed an ambitious objective to expand territory, resources and wealth. Competition among colonial powers was fierce. In so many ...
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2018-01-18
The flag of Asean would fly in the sky this Republic Day with Mi-17 V5 helicopters, the first in the fly past on January 26, sporting the standard of the regional intergovernmental organisation along with the Indian flag and flags of the three forces.
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2018-01-18
The U.S. is serious about its threat to withdraw from the North American Free Trade Agreement if there’s no breakthrough on proposals the Trump administration has made that are intended to rebalance trade on the continent, said one of the people ...
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2018-01-18
In his first year in office, he’s withdrawn the U.S. from the Trans-Pacific Partnership free trade deal and the Paris Agreement on climate change. He’s threatened to renege on the Iran nuclear deal, a free-trade agreement with South Korea, and the ...
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2018-01-18
Eleven countries met at an Asia-Pacific Economic Cooperation (APEC) summit in Vietnam last November to keep alive a Trans Pacific trade deal after U.S. President Donald Trump in early 2017 announced that the United States was withdrawing in the name of ...
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2018-01-17
APTERR is a reginal food security mechanism of mutual cooperation among ASEAN + 3 countries which started in 2002 during the ASEAN + 3 Ministerial Meeting on Agriculture and Forestry (AMAF+3). In 2017, Japan provided rice stocks not only to the Philippines ...
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