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

2017-11-21
I wanted to concede that the 2017 Asean Summit was successful. In fact, if past summits were to be the benchmark, it succeeded in addressing many aspects of regional concerns. The Philippines as chair and host did a good job and could have trumpeted such ...
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2017-11-21
Madrid, Nov. 21 (Notimex).- The first meeting of innovation and entrepreneurial business development, South Summit Pacific Alliance, will bring together 40 companies from the four countries that make up this group, nine of them from Mexico. The event will ...
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2017-11-21
Editor’s note: This article is the first in an ongoing WPR series about China’s One Belt, One Road infrastructure initiative, also known as the Silk Road Economic Belt and the 21st Century Maritime Silk Road. The China-Pakistan Economic Corridor ...
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2017-11-21
WASHINGTON — The fifth round of talks among the United States, Mexico and Canada over the North American Free Trade Agreement drew to a close on Tuesday with negotiators still at odds. Over a week of meetings in Mexico City, officials hammered out more ...
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2017-11-14
We, the Heads of State/Government of the Regional Comprehensive Economic Partnership (RCEP) Participating Countries– the ASEAN Member States and ASEAN’s free trade agreement (FTA) partners: Australia, China, India, Japan, Korea, and New Zealand ...
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2017-11-14
On January 23, only three days into his administration, President Donald Trump withdrew from the negotiations process over the Trans-Pacific Partnership (TPP), the gargantuan free trade agreement that he’d railed against on the campaign trail as a job ...
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