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APEC Set to Launch Study on China-backed Free Trade Area

Posted November 07, 2014

Under Economic Issues, International Trade Issues

(Reuters)

Leaders will agree to launch a study on a China-backed free trade area at next week's Asia-Pacific Economic Cooperation meeting in Beijing, an APEC official said, amid controversy over competing U.S. and Chinese visions for regional trade.

China is pushing the Free Trade Area of the Asia-Pacific (FTAAP) at APEC, but some see the proposal as a way to divert attention from the more comprehensive U.S.-backed Trans-Pacific Partnership (TPP) plan being negotiated by 12 countries, not including China. Read more here.