Glossary

 

Abbreviation Explanation
ABAC APEC Business Advisory Council 
ACIA ASEAN Comprehensive Investment Agreement
ACTA Anti-Counterfeiting Trade Agreement 
AEC ASEAN Economic Community
AFAS ASEAN Framework Agreement on Services 
AFTA ASEAN Free Trade Area 
APEC Asia-Pacific Economic Cooperation 
ARF ASEAN Regional Forum
ASEAN Association of Southeast Asian Nations Brunei Darussalam, Cambodia, Indonesia, Lao PDR, Malaysia, Myanmar, Philippines, Singapore, Thailand and Vietnam
ASEAN+3 ASEAN plus China, Japan, and Korea
ASEAN+6 ASEAN+3 plus Australia India and New Zealand
ATIGA ASEAN Trade in Goods Agreement
BCS Bolsa de Comercio de Santiago - Stock Exchange of Chile
BIT Bilateral Investment Treaty (USA model)
BVC Bolsa de Valores de Colombia - Stock Exchange of Colombia
BVL Bolsa de Valores de Lima - Stock Exchange of Peru
CEPEA Comprehensive Economic Partnership in East Asia
CEPT Common Effective Preferential Tariff
CFE Comision Federal de Electricidad - a Mexican utility giant
CMI Chiang Mai Initiative
CMIM Chiang Mai Initiative Multilateralisation
CUSFTA Canada-United States Free Trade Agreement
EAEC East Asian Economic Caucus (also known as EAEG)
EAEG East Asia Economic Grouping (also known as EAEC)
EAFTA East Asian Free Trade Area
EAS East Asia Summit
EAVG II East Asia Vision Group II
EVSL Early Voluntary Sectoral Liberalization Program
FDI Foreign Direct Investment
FOB Free on Board
FTA Free Trade Agreement
FTAA Free Trade Agreements of the Americas
FTAAP Free Trade Area of the Asia-Pacific
G7 Group of Seven - group consisting of Canada, France, Germany, Italy, Japan, the United Kingdom, and the United States
GATS General Agreement on Trade in Services
GATT General Agreement on Tariffs and Trade
GDP Gross Domestic Product
GI Geographical Indicator
HLG High Level Group
IAP Individual Actions Plan
IMF International Monetary Fund
IP Intellectual Property 
ISDS Investor-State Dispute Settlement 
ITA Information Technology Agreement 
KORUS United States-Korea Free Trade Agreement
MFN Most Favoured Nation
MILA Mercado Integrado Latinoamericano  - an integrated stock market already consisting of Chile, Colombia and Peru
NAAEC North American Agreement on Environmental Cooperation
NAALC  North American Agreement on Labor Cooperation
NAFTA North America Free Trade Agreement
NT National Treatment
NTB Non-tariff Barriers
MITI Ministry for International Trade and Industry
OECD Organisation for Economic Co-Operation and Development
P4 Pacific-4 (also known as TPSEP)
PA Pacific Alliance
PABC Pacific Alliance Business Council
Pacific Pumas Chile, Colombia, Mexico and Peru
PBAC Australia’s Pharmaceutical Benefits Advisory Committee
PBEC Pacific Basin Economic Council
PECC Pacific Economic Cooperation Council
PEMEX Petroleos Mexicanos- a Mexican energy giant
PHARMAC New Zealand’s Pharmaceutical Management Agency
RCEP Regional Comprehensive Economic Partnership
TPA Trade Promotion Authority
TPP Trans-Pacific Partnership
TPSEP Trans Pacific Strategic Economic Partnership Agreement (also known as P4)
TRIPS Agreement on Trade-Related Intellectual Property Rights
TRQ Tariff Rate Quota
WTO World Trade Organization
ZOPFAN Zone of Peace, Freedom and Neutrality

 

 

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