The UK’s new free trade agreements in the Asia-Pacific: how closely is it adopting US trade regulation?

Preferential Trade Agreements in Asia and the Pacific 157 Preferential Trade Agreements in Asia and the Pacific

Global multilateral trading arrangements offer the best prospect for reducing barriers to trade and achieving the greatest gains from trade liberalization. Preferential trade agreements (PTAs) are a second-best means of achieving trade liberalization in a context where multilateral negotiations proceed slowly. There is considerable variation in the efforts undertaken by PTAs in different parts ...

The Impact of Free Trade Agreements in Asia

This paper discusses a quantitative simulation analysis on the impact of Japan’s FTAs in Asia using a CGE model of global trade. It has been argued that a regional FTA would be a step toward global trade liberalization rather than a final goal. In fact, it is shown that changes in sectoral trade balance and production would vary according to the partners in Japan’s FTAs in Asia deviating from t...

R&D Spillovers, Trade Integration And Expansion Of Trade Flows In East- West Asia And Pacific

Toward a Free Trade Area of the Asia Pacific

Asia Pacific Economic Cooperation (APEC) forum launched a process that could ultimately produce the largest single act of trade liberalization in history. They agreed to " seriously consider " negotiating a Free Trade Area of the Asia Pacific (FTAAP) and instructed their officials to " undertake further studies on ways and means to promote " the initiative so that they could address it at their...

Toward a Free Trade Area of the Asia Pacific

C. Fred Bergsten is the director of the Peter G. Peterson Institute for International Economics. He was assistant secretary for international affairs of the US Treasury (1977–81) and assistant for international economic affairs at the National Security Council (1969–71). He was chairman of APEC’s Eminent Persons Group, which developed the initial blueprint for the organization’s trade policy st...