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The PECC Discussion Forum provides op-eds and relevant news in the PECC community.

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Malcolm Cook

Senior Fellow, Institute of Southeast Asian Studies


If Indian Prime Minister Modi accepts Chinese President Xi’s surprise (to the other members of APEC and to India) invitation to attend the APEC Leaders Meeting in Beijing in November, it will bring India closer to its twenty-year goal of becoming an APEC member economy. In 2005, I supported the  continued thwarting of this Indian aspiration for what I thought were sound, APEC-based reasons. (http://www.lowyinstitute.org/publications/how-save-apec)

Nine years on, the regional trade diplomacy picture has fundamentally changed while APEC has not. The Doha Round’s continuing comatose state has underpinned a continuing proliferation of bilateral preferential trade deals and an attempt at an Asia-Pacific regional trade deal (the Trans-Pacific Partnership) and an ASEAN-based, East Asian one (The Regional Comprehensive Economic Partnership).

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Tagged in: apec FTAAP India RCEP TPP
in PECC Forum 3316

Amitendu Palit

Head (Partnerships & Programmes) and Senior Research Fellow
The Institute of South Asian Studies (ISAS)


India is not a member of the APEC notwithstanding its long history of cultural and commercial exchanges with several APEC members. While this might seem odd, the absence is not difficult to explain.

India was hardly a blip on the region’s radar when the ‘flying geese’ began fanning their wings after the 2nd World War, drawing struggling economies with colonial pasts into a well-knitted architecture of explosive export growth combining cheap labour, embodied technology and disciplined organization practices. India’s inward-looking defensive trade policy, coupled with commitment to non-alignment and ideological discomfort with laissez faire and open trade policies, ensured its distance from the APEC remained far and unbridgeable.

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Tagged in: apec China India RCEP TPP
in PECC Forum 4028

Gary Hawke

Member of the Board, NZPECC
[The views expressed herein are Author's own and made in reference to a commissioned research conducted by Coriolis, NZ]
 

“Any discussion today of international trade and investment policy that fails to acknowledge the centrality of global value chains (GVCs) would be considered outmoded and of questionable relevance.”1 In this way, the editors, Deborah K. Elms and Patrick Low, introduce a valuable recent study of the most prominent feature of the modern international economy. The OECD, WTO and UNCTAD said something similar in a submission to the G20 last year: “Trade agreements have to cope with the new reality of business.”2

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in PECC Forum 26641

Kenichi Kawasaki

Consulting Fellow, Research Institute of Economy, Trade and Industry (RIETI)
Senior Fellow, National Graduate Institute for Policy Studies (GRIPS)
Adjunct Fellow, Japan Institute of International Affairs (JIIA)

 

Summary
Quantitative studies using an economic model show the Trans-Pacific Partnership (TPP) and Regional Comprehensive Economic Partnership (RCEP) complement each other rather than be competitors toward the establishment of the Free Trade Area of the Asia-Pacific (FTAAP).  Breaking down the sources of those macroeconomic benefits by the policy measures of Asia-Pacific Economic Cooperation (APEC) member economies showed that the contribution by China would be the largest.  Nonetheless, in many countries of Association of South‐East Asian Nations (ASEAN) and outside this region, contributions by a country’s own initiatives will be much larger than those by its trade partners, including China.  Meanwhile, larger economic benefits are expected from NTMs reductions in addition to tariff removals.  It is thus suggested that domestic reforms are essential in order to enjoy the macroeconomic benefits of international Economic Partnership Agreements (EPAs). 

 

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in PECC Forum 13549

Hugh Stephens, Vice-Chair, CANCPEC

Don Campbell, Co-Chair of PECC and Chair, CANCPEC

Published: December 12, 2013 in Canada-Asia Agenda

Abstract:

On October 18, Canada and the EU announced an agreement on the provisions of a Canada-EU Trade Agreement (CETA). The concessions that Canada was willing to make for the CETA may indicate a path forward in terms of finding the balance necessary to achieve a winning outcome with Asia Pacific countries, especially through Trans- Pacific Partnership (TPP) Agreement.

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in PECC Forum 28143

Hugh Stephens
Vice Chair, CANCPEC
Fellow of the Canadian Defence and Foreign Affairs Institute
Executive-in-residence at the Asia Pacific Foundation of Canada

[Published in iPolitics, January 14, 2014]

The failure of Trans-Pacific Partnership (TPP) trade ministers to conclude the TPP agreement this past December in Singapore no doubt pleased many critics of the agreement.

Criticisms have been widespread — ranging from the ‘secrecy’ of the negotiations, to possible limits on national sovereignty arising from required changes to Canadian law, to wild accusations that it will undermine Internet freedom for Canadians. The Council of Canadians, never a friend of trade liberalization, has had particularly harsh words for the TPP.

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in PECC Forum 50625

Eduardo Pedrosa

Secretary General, Pacific Economic Cooperation Council

The APEC leaders’ meeting in Bali is over. The week-long series of events were but the tip of the iceberg when it comes to the APEC process. APEC is an institutionalized process with thousands of experts attending more than 100 meetings, all competing for a mention in the leaders’ statement.

...
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in PECC Forum 3661

Federico Macaranas
Professor, Asian Institute of Management, Manila, the Philippines

The BALI airport temporarily closed for commercial flights for security reasons, even as a new $300-million terminal has just been constructed (the cost of a one-day shutdown to the US government); dug up tarmac redesigned without chemicals, engineering works rushed from underpasses to a new $215-million oversea toll roads with dedicated motorcycle lanes crossing the main island across the waters to Nusa Dua; relocated monuments repainted, flag poles fitted with LED lights

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in PECC Forum 11245

John West
AUSPECC/ Asian Century Institute

The East Asian economy is at a critical crossroads, according to the Pacific Economic Cooperation Council's State of the Region report. This PECC report reviews and analyzes the forecasts of major inter-governmental organizations, the Standard Chartered Bank and Oxford Economics. It makes an important contribution by virtue of its synthesis of business, academic and official perspectives, as well as the results of a survey of regional opinion leaders from all three groups.

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in PECC Forum 5031

Professor Christopher Findlay
Executive Dean of the Faculty of the Professions at the University of Adelaide
Vice-Chair of AUSPECC

Connectivity is a hot topic in regional cooperation and rightly so.  Greater levels of and improved performance in connectivity saves real resources, improves access to markets, plugs economies into regional supply chains, raises income and helps deal with shocks and disasters.  The values of connectivity apply to movement of goods, to movements of people and provision of services.

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in PECC Forum 2515

Steven CM Wong
Senior Director, ISIS Malaysia

LOGIC: The more extensive and deeper an agreement is, the more likely it is to be the de facto standard

How does the Trans-Pacific Partnership (TPP), now being negotiated among 12 Asia-Pacific countries, including four from Asean, impact the latter's  Regional Comprehensive Economic Partnership (RCEP)?

It is easy to claim, as some have done, that both are building blocks towards freer trade. But are they really? This claim is further doubtful if the two blocks are of different size, weight and degree of ambition.

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in PECC Forum 4953

Ippei Yamazawa
Professor Emeritus, Hitotsubashi University, Japan

This year Indonesian host has tried to highlight the Bogor Goals so that we have been invited to report directly our IAP review study at Committee for Trade and Investment (CTI) Workshop in Medan, ABAC3 in Kyoto, and ASCC in Jakarta, that is all tripartite stakeholders , officials, business, and academics in July. By and large our report was welcomed and mentioned in the recommendation letters by the last two to the APEC Leaders.

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in PECC Forum 5517

Corey Wallace
Teaching Fellow, Political Studies, University of Auckland
New Zealand Youth delegate GM XIX 2010

Keen observers of Asia-Pacific regional integration will not have missed the development of an interesting dynamic in recent years - that of geopolitical competition driving the economic liberalization agenda. The politicization of economic relations and interconnections is of course nothing new. The opening of the American market after World War II to Germany and Japan was a critical part of early US Cold War strategy, as was encouraging Japan to limit its trading relationship with the People’s Republic of China and other Communist governments in Asia.

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in PECC Forum 5431

Nam Duck-woo, a founding member of PECC and first chair of KOPEC (Korea committee for Pacific Economic Cooperation) passed away on May 18th, 2013 in Seoul at the age of 89. Dr. Nam earned a doctorate in economics at Oklahoma State University and was teaching at Sogang University when in 1969 he was recruited by then President Park Chung-hee to serve as the finance minister. He remained in the position till 1974 and from 1974 to 1978, he served as the deputy prime minister in charge of economic policies at the height of Korea’s industrial development. Under the next president, Chun Doo-hwan, he served as the prime minister from 1980 to 1982.

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in PECC Forum 2324

Theresa Robles
Associate Research Fellow
Centre for Multilateralism Studies, S. Rajaratnam School of International Studies (RSIS),
Nanyang Technological University, Singapore

Synopsis

Abe’s recent announcement of Japan’s intention to join the TPP is seen not only as an important vehicle to expand trade and investment opportunities but also as a way to reposition the country as a major regional power.

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in PECC Forum 3439

Barry Desker
Dean of the S. Rajaratnam School of International Studies (RSIS),
Nanyang Technological University, Singapore

Synopsis
The WTO Doha Round of negotiations is deadlocked and adrift amid increasing global protectionism. The profusion of bilateral and plurilateral free trade agreements is adding to the confusion. A global solution is necessary for global problems.

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in PECC Forum 4075

Hugh Stephens
Vice Chair, CANCPEC (Canadian National Committee for Pacific Economic Cooperation)
Fellow, Canadian Defence & Foreign Affairs Institute (CDFAI)

On April 24-25, 2013 the Association of Southeast Asian Nations (ASEAN) will hold its 22nd Leaders’ Summit in Brunei Darussalam. ASEAN, comprised of ten nations in the heart of Asia (Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, Philippines, Singapore, Thailand, and Vietnam) has been around since 1967 but it is only in recent years that it has taken on its role as the linchpin of economic growth and trade in the region.

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in PECC Forum 4953

Dr. Manfred Wilhelmy
Chairman CHILPEC (Chilean National Committee for Pacific Economic Cooperation)

The Pacific Alliance (PA) was established in Lima, Peru in April 2011. The founding members were Peru, Mexico, Colombia and Chile, represented by their Presidents Alan García, Felipe Calderón, Juan Manuel Santos, and Sebastián Piñera, respectively. The new Mexican President, Enrique Peña Nieto, has given his full support to the initiative.

Observers to the PA include Panama (which may become a full member), Costa Rica, Uruguay and Guatemala, among Latin American economies. Outside of Latin America, Canada, Australia, New Zealand, and Japan are important Pacific nations that have joined as observers.

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Tagged in: FTA PA Pacific Alliance
in PECC Forum 3215

Message sent on behalf of Dr. David S. Hong, Chair, CTPECC


Sent to: All PECC Standing Committee Members
PECC Member Committee Secretariats

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in PECC Forum 2649

Mr. Ian Buchanan
Chairman AusPECC (Australian Pacific Economic Cooperation Committee)

"Those who cannot remember the past are condemned to repeat it," said philosopher George Santayana. The aim of this paper is to draw lessons from Asia's supposed "growth miracle" by disaggregating when, where—and why—growth occurred to better understand the roles of exogenous factors versus domestic policy choices.

Our thesis is that the post-World War II "miracle" growth shared by many regional economies was a result of a unique set of circumstances linked not to their "Asian-ness"—but to exogenous, geo-political, developments and, in particular, to the Cold War.

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in PECC Forum 5376