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The proposal for an Asia-Pacific-wide free trade agreement is one of the oldest ideas for promoting mutually beneficial regional cooperation dating back to the mid-1960s. In more recent times, the idea has found new support for two main reasons: as a plan B to the stumbling Doha Development Agenda (DDA) round of WTO negotiations; and as a solution to the noodle bowl of bilateral agreements in the region. This report assesses the political feasibility of the Free Trade Area of the Asia-Pacific (FTAAP) proposal and looks at alternative modalities for achieving free trade and investment in the Asia-Pacific. The report includes trade policy perspectives from the three largest economies of the region: the United States, China and Japan, lessons from similar proposals such as the Free Trade Area of the Americas (FTAA), possible convergence among the many preferential trade agreements (PTAs) in the region, and alternative approaches to regional economic integration.
Free trade --- Commerce --- Business & Economics --- International Commerce --- Asia Pacific Economic Cooperation (Organization) --- Pacific Area --- Asia --- Commercial policy. --- Asia Pacific Economic Cooperation Council --- APEC --- A-Tʻae Kyŏngje Hyŏmnyŏkchʻe --- Ya-Tʻai ching ho tsu chih --- Aziatsko-tikhookeanskoe ėkonomicheskoe sotrudnichestvo (Organization) --- ATĖS --- Mecanismo de Cooperación Económica Asia Pacífico --- 亞太經濟合作組織 --- Cooperación Económica en Asia Pacífico (Organization) --- Diẽ̂n đàn hợp tác kinh té̂ châu Á--Thái Bình Dương --- Asian and Pacific Council countries --- Eastern Hemisphere --- Eurasia --- Asia-Pacific Region --- Asian-Pacific Region --- Pacific Ocean Region --- Pacific Region --- Pacific Rim
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Driven by demographic changes, and reinforced by intensifying globalization, international labour mobility has been on the rise in recent decades in the Asia-Pacific region. It seems that, after trade and investment, labour mobility constitutes the final frontier for regional integration among the Asia-Pacific economies. There is no doubt that labour movements are integral to regional economic integration and critical to the long-term health of the regional economies and business operations. In reality, however, such movements are much burdened with political and social problems in the labour origin economies as well as the labour destination economies, and yet many of these problems remain not just unaddressed by the relevant governments but not even well studied. The present volume seeks to fill this gap by offering synthesis papers stemming from the studies on international labour migration in twenty Asia-Pacific economies which were discussed at a joint PECC-ABAC conference held in Seoul, Korea, on 25-26 March 2008, organized by KOPEC. These papers examine the demographic transition, the associated pattern of international labour migration, the national policies associated with it as well as their implications for business and the issues they raise, and, finally, the implications of these analyses for cooperation among the APEC governments, for each of the four subregions in the Asia-Pacific, as well as for the whole region.
Labor mobility --- Labor policy --- Labor --- State and labor --- Economic policy --- Mobility, Labor --- Migration, Internal --- Labor supply --- Labor turnover --- Government policy --- Asia --- Pacific Area --- Asia-Pacific Region --- Asian-Pacific Region --- Asian and Pacific Council countries --- Pacific Ocean Region --- Pacific Region --- Pacific Rim --- Eastern Hemisphere --- Eurasia --- Emigration and immigration
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This conference report provides a unique overview of the development of local currency bond markets in the Asia-Pacific region and cross-border investment and issuance in these markets. It brings together insights of the region's leading capital market regulators, private sector market players, finance and central bank officials and experts from academe and international development organizations, who have gathered together to assess the extent to which the region's bond markets have developed, and map out a regional strategy based on public-private sector partnership that promises to address key policy reform and capacity-building issues. This report concludes that a few emerging markets in the region have made significant advances, but many others need to undertake fundamental reforms to achieve adequate market depth and liquidity and develop an enabling regulatory framework. Successfully undertaking these reforms requires intensive regional cooperation to help address obstacles in individual economies and facilitate greater cross-border activity in the region's bond markets. Coordination is also needed to ensure the consistency of parallel initiatives being undertaken within various regional bodies, particularly APEC, ASEAN Plus Three and EMEAP, to develop a regional bond market.
Bond market --- Bond markets --- Market, Bond --- Capital market
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