CONTINUEThis site uses cookies. By continuing to browse this site you are agreeing to our use of cookies. Find out more.
  1. Front Page
  2. News By Topic
  3. Regional Initiatives Boost Pursuit Of Asia-Pacific FTA

Regional Initiatives Boost Pursuit Of Asia-Pacific FTA

by Mary Swire, Tax-News.com, Hong Kong

26 November 2012


During remarks in Singapore, the Asia-Pacific Economic Cooperation (APEC) Secretariat Executive Director Muhamad Noor has commented that the recent regional trade agreement breakthroughs in the Asia-Pacific are consistent with the goal of a region-wide free trade area.

He said that regional free trade agreement (FTA) negotiations, in particular the Trans-Pacific Partnership which has been given an informal October 2013 target, and the newly announced talks for a Regional Comprehensive Economic Partnership and for the tri-lateral FTA between China, Japan and South Korea, involve a large number of APEC member countries.

"If in the end they result in greater liberalization," he added, "this would be welcome within the context of APEC's broader efforts to advance growth and prosperity through the promotion of greater trade and economic integration, and could offer new paths to achieving a region-wide free trade zone that is a shared objective of members."

Noor pointed out that APEC member economies continue to make progress on concrete initiatives that address "next generation" trade and investment issues that future trade agreements should contain. This includes the endorsement of new APEC transparency guidelines for the regional trade treaties and FTAs endorsed in 2012.

"Transparency is a fundamental principle underlying trade liberalization and facilitation, and key for businesses and to reducing barriers to trade," he explained. "APEC's work on transparency promotes convergence and contributes to APEC's regional economic integration agenda, further supporting the realization of a Free Trade Area of the Asia-Pacific."

There are about 50 regional trade treaties and FTAs between APECï's 21 member economies.

TAGS: tax | business | free trade agreement (FTA) | tariffs | trade treaty | agreements | trade

To see today's news, click here.

 















Tax-News Reviews

Cyprus Review

A review and forecast of Cyprus's international business, legal and investment climate.

Visit Cyprus Review »

Malta Review

A review and forecast of Malta's international business, legal and investment climate.

Visit Malta Review »

Jersey Review

A review and forecast of Jersey's international business, legal and investment climate.

Visit Jersey Review »

Budget Review

A review of the latest budget news and government financial statements from around the world.

Visit Budget Review »



Stay Updated

Please enter your email address to join the Tax-News.com mailing list. View previous newsletters.

By subscribing to our newsletter service, you agree to our Terms and Conditions and Privacy Policy.


To manage your mailing list preferences, please click here »