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

2017-11-22
Talks now underway in Mexico City between U.S., Canadian and Mexican officials to renegotiate the North American Free Trade Agreement (NAFTA) will have a profound impact on the economies of all three nations. China will be watching closely. If negotiators ...
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2017-11-22
Papua New Guinea has signed a series of infrastructure deals with China as part of Beijing's One Belt, One Road initiative, the PNG Government has announced, with an intention to create "more efficient trade corridors between Asia-Pacific and Western Asia".
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2017-11-21
JAKARTA, 20 November 2017 – In celebration of the 50 th anniversary of ASEAN, the Ambassadors of the 18 East Asia Summit (EAS) participating countries in Jakarta, collectively referred to as the East Asia Summit Ambassadors’ Meeting in Jakarta (EAMJ ...
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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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2017-11-14
The Pacific Alliance and Mercosur have put aside their political differences as both blocs seek to reduce trade barriers. The Pacific Alliance will continue to face challenges in increasing trade within its bloc as its members continue to trade more with ...
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2017-11-14
Hanoi (VNA) - Philippine President Rodrigo Duterte on November 14 welcomed the 20th ASEAN 3 Summit with China, Japan and the Republic of Korea as a solid foundation for establishing the East Asia Economic Community as proposed by Chinese Premier Li Keqiang.
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