Bibliographic Managers
RT Generic
T1 Preferential trade agreements trends and developments in Asia and the Pacific 2023/2024
A1 UN.ESCAP,
YR 2023-12-15
LK https://hdl.handle.net/20.500.12870/6615
PB UN.ESCAP
AB <p>• The Asia-Pacific region continues to be the largest contributor to the worldwide build-up of preferential trade agreements (PTAs), accounting for about half of PTAs worldwide. PTAs have become bigger, deeper, and increasingly covered issues related to digital trade as well as sustainable development.</p>
<p>• The noodle-bowl of Asia-Pacific trade agreements now comprises 355 PTAs, with at least one party of the Asia-Pacific. Of those, 219 are in force, 21 have been signed and are pending ratification, and 97 are still under negotiation. Between January 2023 and November 2023 alone, eight new PTAs were signed, and 13 PTAs were under negotiation. Notably, most of these agreements are aligned with the prominent trend of the Asia-Pacific trade agreements of forming bilateral trade agreements with economies outside the region.</p>
<p>• Large PTAs in the region have expanded their memberships. The United Kingdom has successfully acceded to the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), while the Republic of Korea has formally joined the Digital Economy Partnership Agreement (DEPA). In addition, the Association of Southeast Asian Nations (ASEAN) has agreed in principle to accept Timor Leste as its 11th member.</p>
<p>• Trade among PTA partners now accounts for about half of all trade by Asia and the Pacific economies – approximately 49 per cent of exports and 53 per cent of the total imports. East and North-East Asia, and South-East Asia, are actively engaged in negotiating trade agreements.</p>
<p>• Fifty-three per cent of in-force PTAs now go beyond liberalization of trade in goods, including addressing issues related to digital and sustainable development. The most common policy areas that are covered in Asia-Pacific PTAs, outside preferential tariffs, are ‘trade facilitation and customs cooperation’ followed by ‘competition policy’, and ‘intellectual property’. These areas are now found in more than 50 per cent of the signed and enforced PTAs.</p>
<p>• Since 2003, the inclusion of sustainable development and digital in Asia-Pacific PTAs has accelerated. As of November 2023, of the 240 signed and in force PTAs, there are 135 PTAs that have sustainable development-related provisions (including provisions related to labour protection, human rights, gender, health, environment and SMEs). Meanwhile, 110 PTAs have digital (e-commerce) provisions.</p>
<p>• A new type of stand-alone ‘digital trade agreement’ (DTA) or ‘digital economy agreement’ (DEA) has reached seven agreements, up from five agreements in 2022. The two new agreements are Singapore-EFTA DEA and the Republic of Korea-EU DTA. Both of them are still under negotiation. Additionally, the European Union has launched digital partnership frameworks with three advanced Asia-Pacific economies since 2022, including those with Japan and the Republic of Korea (2022) and Singapore (2023).</p>
<p>• In parallel with the expansion of PTAs, less formal agreements have also expanded. Specifically, the Indo-Pacific Economic Framework for Prosperity (IPEF) has been established, while BRICS has announced its membership expansion for the first time since its establishment.</p>
OL English(30)
TY - GEN
T1 - Preferential trade agreements trends and developments in Asia and the Pacific 2023/2024
AU - UN.ESCAP
Y1 - 2023-12-15
UR - https://hdl.handle.net/20.500.12870/6615
PB - UN.ESCAP
AB - • The Asia-Pacific region continues to be the largest contributor to the worldwide build-up of preferential trade agreements (PTAs), accounting for about half of PTAs worldwide. PTAs have become bigger, deeper, and increasingly covered issues related to digital trade as well as sustainable development.
• The noodle-bowl of Asia-Pacific trade agreements now comprises 355 PTAs, with at least one party of the Asia-Pacific. Of those, 219 are in force, 21 have been signed and are pending ratification, and 97 are still under negotiation. Between January 2023 and November 2023 alone, eight new PTAs were signed, and 13 PTAs were under negotiation. Notably, most of these agreements are aligned with the prominent trend of the Asia-Pacific trade agreements of forming bilateral trade agreements with economies outside the region.
• Large PTAs in the region have expanded their memberships. The United Kingdom has successfully acceded to the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), while the Republic of Korea has formally joined the Digital Economy Partnership Agreement (DEPA). In addition, the Association of Southeast Asian Nations (ASEAN) has agreed in principle to accept Timor Leste as its 11th member.
• Trade among PTA partners now accounts for about half of all trade by Asia and the Pacific economies – approximately 49 per cent of exports and 53 per cent of the total imports. East and North-East Asia, and South-East Asia, are actively engaged in negotiating trade agreements.
• Fifty-three per cent of in-force PTAs now go beyond liberalization of trade in goods, including addressing issues related to digital and sustainable development. The most common policy areas that are covered in Asia-Pacific PTAs, outside preferential tariffs, are ‘trade facilitation and customs cooperation’ followed by ‘competition policy’, and ‘intellectual property’. These areas are now found in more than 50 per cent of the signed and enforced PTAs.
• Since 2003, the inclusion of sustainable development and digital in Asia-Pacific PTAs has accelerated. As of November 2023, of the 240 signed and in force PTAs, there are 135 PTAs that have sustainable development-related provisions (including provisions related to labour protection, human rights, gender, health, environment and SMEs). Meanwhile, 110 PTAs have digital (e-commerce) provisions.
• A new type of stand-alone ‘digital trade agreement’ (DTA) or ‘digital economy agreement’ (DEA) has reached seven agreements, up from five agreements in 2022. The two new agreements are Singapore-EFTA DEA and the Republic of Korea-EU DTA. Both of them are still under negotiation. Additionally, the European Union has launched digital partnership frameworks with three advanced Asia-Pacific economies since 2022, including those with Japan and the Republic of Korea (2022) and Singapore (2023).
• In parallel with the expansion of PTAs, less formal agreements have also expanded. Specifically, the Indo-Pacific Economic Framework for Prosperity (IPEF) has been established, while BRICS has announced its membership expansion for the first time since its establishment.
@misc{20.500.12870_6615
author = {UN.ESCAP},
title = {Preferential trade agreements trends and developments in Asia and the Pacific 2023/2024},
year = {2023-12-15},
abstract = {• The Asia-Pacific region continues to be the largest contributor to the worldwide build-up of preferential trade agreements (PTAs), accounting for about half of PTAs worldwide. PTAs have become bigger, deeper, and increasingly covered issues related to digital trade as well as sustainable development.
• The noodle-bowl of Asia-Pacific trade agreements now comprises 355 PTAs, with at least one party of the Asia-Pacific. Of those, 219 are in force, 21 have been signed and are pending ratification, and 97 are still under negotiation. Between January 2023 and November 2023 alone, eight new PTAs were signed, and 13 PTAs were under negotiation. Notably, most of these agreements are aligned with the prominent trend of the Asia-Pacific trade agreements of forming bilateral trade agreements with economies outside the region.
• Large PTAs in the region have expanded their memberships. The United Kingdom has successfully acceded to the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), while the Republic of Korea has formally joined the Digital Economy Partnership Agreement (DEPA). In addition, the Association of Southeast Asian Nations (ASEAN) has agreed in principle to accept Timor Leste as its 11th member.
• Trade among PTA partners now accounts for about half of all trade by Asia and the Pacific economies – approximately 49 per cent of exports and 53 per cent of the total imports. East and North-East Asia, and South-East Asia, are actively engaged in negotiating trade agreements.
• Fifty-three per cent of in-force PTAs now go beyond liberalization of trade in goods, including addressing issues related to digital and sustainable development. The most common policy areas that are covered in Asia-Pacific PTAs, outside preferential tariffs, are ‘trade facilitation and customs cooperation’ followed by ‘competition policy’, and ‘intellectual property’. These areas are now found in more than 50 per cent of the signed and enforced PTAs.
• Since 2003, the inclusion of sustainable development and digital in Asia-Pacific PTAs has accelerated. As of November 2023, of the 240 signed and in force PTAs, there are 135 PTAs that have sustainable development-related provisions (including provisions related to labour protection, human rights, gender, health, environment and SMEs). Meanwhile, 110 PTAs have digital (e-commerce) provisions.
• A new type of stand-alone ‘digital trade agreement’ (DTA) or ‘digital economy agreement’ (DEA) has reached seven agreements, up from five agreements in 2022. The two new agreements are Singapore-EFTA DEA and the Republic of Korea-EU DTA. Both of them are still under negotiation. Additionally, the European Union has launched digital partnership frameworks with three advanced Asia-Pacific economies since 2022, including those with Japan and the Republic of Korea (2022) and Singapore (2023).
• In parallel with the expansion of PTAs, less formal agreements have also expanded. Specifically, the Indo-Pacific Economic Framework for Prosperity (IPEF) has been established, while BRICS has announced its membership expansion for the first time since its establishment.
},
url = {https://hdl.handle.net/20.500.12870/6615}
}
@misc{20.500.12870_6615
author = {UN.ESCAP},
title = {Preferential trade agreements trends and developments in Asia and the Pacific 2023/2024},
year = {2023-12-15},
abstract = {• The Asia-Pacific region continues to be the largest contributor to the worldwide build-up of preferential trade agreements (PTAs), accounting for about half of PTAs worldwide. PTAs have become bigger, deeper, and increasingly covered issues related to digital trade as well as sustainable development.
• The noodle-bowl of Asia-Pacific trade agreements now comprises 355 PTAs, with at least one party of the Asia-Pacific. Of those, 219 are in force, 21 have been signed and are pending ratification, and 97 are still under negotiation. Between January 2023 and November 2023 alone, eight new PTAs were signed, and 13 PTAs were under negotiation. Notably, most of these agreements are aligned with the prominent trend of the Asia-Pacific trade agreements of forming bilateral trade agreements with economies outside the region.
• Large PTAs in the region have expanded their memberships. The United Kingdom has successfully acceded to the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), while the Republic of Korea has formally joined the Digital Economy Partnership Agreement (DEPA). In addition, the Association of Southeast Asian Nations (ASEAN) has agreed in principle to accept Timor Leste as its 11th member.
• Trade among PTA partners now accounts for about half of all trade by Asia and the Pacific economies – approximately 49 per cent of exports and 53 per cent of the total imports. East and North-East Asia, and South-East Asia, are actively engaged in negotiating trade agreements.
• Fifty-three per cent of in-force PTAs now go beyond liberalization of trade in goods, including addressing issues related to digital and sustainable development. The most common policy areas that are covered in Asia-Pacific PTAs, outside preferential tariffs, are ‘trade facilitation and customs cooperation’ followed by ‘competition policy’, and ‘intellectual property’. These areas are now found in more than 50 per cent of the signed and enforced PTAs.
• Since 2003, the inclusion of sustainable development and digital in Asia-Pacific PTAs has accelerated. As of November 2023, of the 240 signed and in force PTAs, there are 135 PTAs that have sustainable development-related provisions (including provisions related to labour protection, human rights, gender, health, environment and SMEs). Meanwhile, 110 PTAs have digital (e-commerce) provisions.
• A new type of stand-alone ‘digital trade agreement’ (DTA) or ‘digital economy agreement’ (DEA) has reached seven agreements, up from five agreements in 2022. The two new agreements are Singapore-EFTA DEA and the Republic of Korea-EU DTA. Both of them are still under negotiation. Additionally, the European Union has launched digital partnership frameworks with three advanced Asia-Pacific economies since 2022, including those with Japan and the Republic of Korea (2022) and Singapore (2023).
• In parallel with the expansion of PTAs, less formal agreements have also expanded. Specifically, the Indo-Pacific Economic Framework for Prosperity (IPEF) has been established, while BRICS has announced its membership expansion for the first time since its establishment.
},
url = {https://hdl.handle.net/20.500.12870/6615}
}
TY - GEN
T1 - Preferential trade agreements trends and developments in Asia and the Pacific 2023/2024
AU - UN.ESCAP
UR - https://hdl.handle.net/20.500.12870/6615
PB - UN.ESCAP
AB - • The Asia-Pacific region continues to be the largest contributor to the worldwide build-up of preferential trade agreements (PTAs), accounting for about half of PTAs worldwide. PTAs have become bigger, deeper, and increasingly covered issues related to digital trade as well as sustainable development.
• The noodle-bowl of Asia-Pacific trade agreements now comprises 355 PTAs, with at least one party of the Asia-Pacific. Of those, 219 are in force, 21 have been signed and are pending ratification, and 97 are still under negotiation. Between January 2023 and November 2023 alone, eight new PTAs were signed, and 13 PTAs were under negotiation. Notably, most of these agreements are aligned with the prominent trend of the Asia-Pacific trade agreements of forming bilateral trade agreements with economies outside the region.
• Large PTAs in the region have expanded their memberships. The United Kingdom has successfully acceded to the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), while the Republic of Korea has formally joined the Digital Economy Partnership Agreement (DEPA). In addition, the Association of Southeast Asian Nations (ASEAN) has agreed in principle to accept Timor Leste as its 11th member.
• Trade among PTA partners now accounts for about half of all trade by Asia and the Pacific economies – approximately 49 per cent of exports and 53 per cent of the total imports. East and North-East Asia, and South-East Asia, are actively engaged in negotiating trade agreements.
• Fifty-three per cent of in-force PTAs now go beyond liberalization of trade in goods, including addressing issues related to digital and sustainable development. The most common policy areas that are covered in Asia-Pacific PTAs, outside preferential tariffs, are ‘trade facilitation and customs cooperation’ followed by ‘competition policy’, and ‘intellectual property’. These areas are now found in more than 50 per cent of the signed and enforced PTAs.
• Since 2003, the inclusion of sustainable development and digital in Asia-Pacific PTAs has accelerated. As of November 2023, of the 240 signed and in force PTAs, there are 135 PTAs that have sustainable development-related provisions (including provisions related to labour protection, human rights, gender, health, environment and SMEs). Meanwhile, 110 PTAs have digital (e-commerce) provisions.
• A new type of stand-alone ‘digital trade agreement’ (DTA) or ‘digital economy agreement’ (DEA) has reached seven agreements, up from five agreements in 2022. The two new agreements are Singapore-EFTA DEA and the Republic of Korea-EU DTA. Both of them are still under negotiation. Additionally, the European Union has launched digital partnership frameworks with three advanced Asia-Pacific economies since 2022, including those with Japan and the Republic of Korea (2022) and Singapore (2023).
• In parallel with the expansion of PTAs, less formal agreements have also expanded. Specifically, the Indo-Pacific Economic Framework for Prosperity (IPEF) has been established, while BRICS has announced its membership expansion for the first time since its establishment.
