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

2018-12-11
Jakarta (VNA) – Indonesia’s Ministry of Foreign Affairs held a meeting on December 11 with diplomats; the ASEAN Secretariat; ambassadors and representatives of permanent delegations at the ...
Read more...
2018-12-11
Pacific Alliance Institute (PAI) supports responsible economics in government such as tax cuts, government expenditure reductions and free trade. It is also keenly concerned with China’s covert yet ag...
Read more...
2018-12-10
Russian President Vladimir Putin, left, and U.S. President Donald Trump are seen at the 2017 Asia-Pacific Economic Cooperation (APEC) Summit in Danang, Vietnam. - AP file photo I do not speak Russian, ...
Read more...
2018-12-10
Scrapping the North American Free Trade Agreement without a replacement would deliver a heavy blow to the U.S. economy. In the short term, it would reduce real U.S. gross domestic product — the total ...
Read more...
2018-12-10
On October 31, Australia ratified the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), triggering the agreement to come into force by the end of this year. In conjunction ...
Read more...
2018-12-06
KUALA LUMPUR: The Regional Comprehensive Economic Partnership (RCEP) could be concluded as soon as next year. “I am hopeful that the RCEP can be concluded by next year. There are 12 chapters and we ha...
Read more...

With thanks to these companies for their support:

Contact PBEC

Pacific Basin Economic Council

Unit 2803-06, 28/F, Harbour Centre, 25 Harbour Road Wanchai, Hong Kong
Tel +852 2815-6550  |  Fax +852 2545-0449  |  Email info@pbec.org

© 2017 Pacific Basin Economic Council. All Rights Reserved. Designed By PCG-Asia