Trade Agreement Showdown at the APEC Meeting in Beijing: What Can We Expect?
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The race is on between the United States and China to dominate the rules-setting game for trade by being the first to be able to announce plans for a free trade area in the Pacific Rim. China hopes to use its position as this year’s chair of the Asia-Pacific Economic Cooperation (APEC) forum to propose a feasibility study on a Free Trade Agreement for the Asia-Pacific (FTAAP), first mooted in 2006. In other words, negotiations towards an FTAAP would commence, for all practical purposes.