Managing Multiple Trade Agreements in Asia-Pacific
Free Trade Agreements (FTAs) continue to be developed by governments around the world with an ever increasing number entering into force as lengthy negotiations are concluded and new negotiations commence. Asia Pacific countries view FTAs as a way of liberalizing trade and investment and sustaining economic recovery , and, since 2001, have become some of the most active in signing trade agreements. The number of agreements in force as of May 2014 has surged to 108 with an additional 141 in various stages of the negotiation process ii and this increase in the number of trade agreements represents almost half the FTAs concluded in the last 10 years. Whilst the opportunities arising from the agreements has increased, the bar that organisations need to overcome if they are going to compete on a global basis has also been raised and many struggle with the burden managing additional FTAs imposes on internal management processes.
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