APTIAD Briefing Note - November 2019

APTIAD Briefing Note - November 2019

Date: 
Thursday, November 21, 2019
Type: 
Public information and advocacy materials
Abstract

As of November 2019, there were 302 ‘physical’ Preferential Trade Agreements (PTAs) in force notified to the WTO. This is almost a five-fold increase in number of notified agreements from 55 in 2000. The Asia-Pacific region has been a major contributor to this worldwide build-up of PTAs. More than half of the PTAs in force globally involve at least one Asia-Pacific economy. This note provides an update on the involvement of Asia-Pacific economies in trade agreements with countries within and outside the region. Additionally, we assess the relevance of PTAs for Asia-Pacific economies’ trade by considering the coverage of trade among PTA partners. Finally, we provide an insight into the recent developments in Asia-Pacific PTAs between January 2017 and November 2019.

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APTIAD briefing note 19 NovDownload