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China, Asia, and the New World Economy$
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Barry Eichengreen, Yung Chul Park, and Charles Wyplosz

Print publication date: 2008

Print ISBN-13: 9780199235889

Published to Oxford Scholarship Online: May 2008

DOI: 10.1093/acprof:oso/9780199235889.001.0001

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Containing the PTA Wildfire

Containing the PTA Wildfire

Chapter:
(p.113) 5 Containing the PTA Wildfire
Source:
China, Asia, and the New World Economy
Author(s):

Cédric Dupont

David Huang

Publisher:
Oxford University Press
DOI:10.1093/acprof:oso/9780199235889.003.0005

The chapter begins with a brief description of the recent evolution of preferential trading arrangements. In contrast to previous chapters, which focus on Asia or East Asia alone, this chapter considers trans-Pacific trade relations, not just those among countries on the Asian side of the Pacific but those on American shores as well. It also considers APEC, the only regional entity encompassing this entire region; its original aims; and its operation. It provides new evidence on its activities since 1993, drawing inferences from the content of leaders' declarations and project submissions. The chapter concludes with some general lessons and by suggesting some avenues for future research.

Keywords:   preferential trading agreements, trans-Pacific trade relations, APEC, submissions

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