Preferential Trade Agreements in the Asia-Pacific Region
No 05/149, IMF Working Papers from International Monetary Fund
Preferential trade agreements (PTAs) in the Asia-Pacific region have proliferated rapidly over the past five years and are creating a complex web of intersecting bilateral and regional trade agreements. This paper describes the proliferation of these PTAs, discusses their characteristics and implementation, and assesses their potential effects. Realizing the potential gains from Asia-Pacific PTAs requires a commitment to liberalize sensitive sectors, to maintain consistent provisions, and to enforce agreements. Other factors, including administrative complications, also could undermine any potential gains.
Keywords: Asia and Pacific; Asia; Economic integration; International trade agreements; Trade; Pacific, FTA, Preferential Trade Agreement, rules of origin, regional trade, trade agreements, free trade, tariff reduction, (search for similar items in EconPapers)
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