Chinese President Xi Jinping is advancing Beijing's agenda for the Free Trade Area of the Asia Pacific
(FTAAP), an agreement which involves the 21 nations of the APEC, including the US.
TPP's passage would be a major step toward the realization of APEC's vision for the Free Trade Area of the Asia Pacific
and an eventual Trans-Pacific Union, not only facilitating the economic convergence of East and West, but eroding the remaining vestiges of American sovereignty and independence.
In 2006 the United States proposed the establishment of the Free Trade Area of the Asia Pacific
Roxas, who served stints as trade and industry and interior secretaries in different administrations, former Secretary of the Interior, and of Trade and Industry, said the government should weigh the pluses and minuses of joining the US-led Trans-Pacific Partnership (TPP) or the proposed Free Trade Area of the Asia Pacific
(FTAAP), which China is sponsoring.
Though all of the negotiating parties belong to the Asia-Pacific Economic Cooperation forum (APEC), the TPP is a separate initiative with similar goals as APEC s proposed Free Trade Area of the Asia Pacific
The TPP which currently involves 12 nations--Australia, Brunei, Canada, Chile, Malaysia, Mexico, New Zealand, Peru, Singapore, the United States, and Vietnam (Japan is negotiating for membership and is likely to join soon)--is really intended as an interim arrangement, on the road to an expanded Free Trade Area of the Asia Pacific
(FTAAP) that would include all 21 nations of the grouping known as the Asia-Pacific Economic Cooperation (APEC).
Abe, Kawamura said, has called for support for the different trade agreements, including the recently concluded Trans Pacific Partnership (TPP) Agreement, the proposed Free Trade Area of the Asia Pacific
(FTAAP) and the Regional Comprehensive Economic Partnership (RCEP).
Specifically, we instruct officials to develop by the end of 2010 a range of possible pathways to achieve FTAAP,'' referring to the Free Trade Area of the Asia Pacific
-- an idea that has been floated in recent years but is seen as a long-term goal so far.
CEBU CITY -- The Philippines stands to benefit significantly from the proposed Free Trade Area of the Asia Pacific
(FTAAP) as it will be the only mega regional agreement that will be able to bring together the world's three biggest economies.
To accelerate regional economic integration, APEC leaders and ministers will study a proposed Free Trade Area of the Asia Pacific
The renewed interest on RTAs and FTAs reportedly formed part of the implementation of the Beijing roadmap for Apec's contribution to the realization of the Free Trade Area of the Asia Pacific
will continue to put in place building blocks toward a possible Free Trade Area of the Asia Pacific
in the future.