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

2018-02-18
The federal government says it has a Plan B in case the North American Free Trade Agreement talks fail. Now is the time to reveal it. The talks themselves are mired in confusion. Donald Trump, the U.S. president, continues to badmouth the trade and ...
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2018-02-18
In Photo: The fishermen in Taal, Batangas, use long bamboo perches called bantyaw as their “sniper towers,” where they catch freshwater fish using improvised airguns with spears connected to fishing lines. Several officials from environment offices of ...
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2018-02-16
to its earlier rejection of the Trans-Pacific Partnership, it may be worth reviewing the theory, as well as the evidence that convinces economists that the theory is right. The place to start is 18th-century Scotland. Adam Smith’s book “An Inquiry Into ...
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2018-02-16
China's Belt and Road Initiative aims to connect Asia ... multi-national zone of economic and political influence that has Beijing at its core, the plan at one point included 65 countries, which together accounted for one-third of global GDP and 60 ...
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2018-02-13
MANILA — The Senate on Tuesday approved on second reading five international treaties — the Budapest Convention on Cybercrime, Agreement Establishing ASEAN+3 Macroeconomic Research Office (AMRO), and three separate Double Taxation Avoidance Agreements ...
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2018-02-09
Kerala has raised concern over the Regional Comprehensive Economic Partnership (RCEP) agreement between 16 Asian-Pacific countries on the ground that it would impact the country’s dairy sector. The RCEP agreement, which is expected to be signed in ...
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