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

2018-06-22
The North American Free Trade Agreement (NAFTA) has benefited American consumers, workers and businesses since 1994. But ignoring the agreement’s success, President Trump instead chooses to denounce NAFTA, often suggesting the U.S. could withdraw altogether.
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2018-06-22
Following the Trans-Pacific Partnership and the Paris Climate Accord, the Joint Comprehensive Plan of Action (JCPOA) is the third multilateral agreement that the current United States administration has withdrawn from. The administration has also put in ...
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2018-06-21
Former Asian Football Confederation secretary-general Peter Velappan wants four Association of Southeast Asian Nations (ASEAN) countries to bid for the right to co-host the 2034 World Cup, with him at the helm. In a press conference held in Kuala Lumpur on ...
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2018-06-20
The conference adopted the union constitution, and released Shenyang declaration of the "One Belt And One Road" Scientific Research Institute Alliance. The first council of the alliance was selected, and Shenyang Surveying Geotechnical Research Institute ...
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2018-06-18
The small resource-rich Pacific nation, which is due to host the Asia-Pacific Economic Cooperation (APEC) forum in November, has long struggled with violence and lawlessness. The latest outbreak of unrest comes amid ongoing reconstruction efforts following ...
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2018-06-15
Mexican Foreign Secretary Luis Videgaray (L) and Mexican Economy Secretary Ildefonso Guajardo speak during the Pacific Alliance’s XIX Council of Ministers Summit in Mexico City, Mexico, June 15, 2018. EPA-EFE/Mario Guzman Colombian Foreign Minister Maria ...
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