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

2019-06-17
Bernie Sanders has bashed Joe Biden for backing the Iraq War and voting for the North American Free Trade Agreement. Elizabeth Warren has gone after him for taking “the side of the credit card ...
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2019-06-17
India is negotiating an e-commerce chapter in the Regional Comprehensive Economic Partnership (RCEP) agreement. Among the 16 RCEP member-countries, 11 (including China) are a part of the plurilateral ...
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2019-06-17
After France unveiled the latest version of its policy in the Indo-Pacific (“France and security in the Indo-Pacific”) in May 2019, and after the United States published its updated “Indo ...
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2019-06-15
READERS ask: What’s this Belt and Road Initiative (BRI) which so dominated regional conversations during the last week of April until mid-May 2019? BRI is the impetus behind a revival of the ancient ...
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2019-06-14
Second is the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), which includes 11 Trans-Pacific countries, now led by Japan after the withdrawal of the United States. ...
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2019-06-12
and Brian Porter is one of the largest and most important investors in the Pacific Alliance. I can't imagine three more deserving honorees," said Americas Society and Council of the Americas (AS ...
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