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China Faces Hurdles on Path to Asia-Pacific Free-Trade Deal

Posted October 28, 2014

Under Economic Issues, International Trade Issues

(Teddy Ng – SCMP)

Negotiations on a range of regional pacts will frustrate Beijing summit plan, says Apec official

China is seeking to leverage its status as host of the Apec summit to advance talks on an Asia-Pacific free-trade deal and a joint push against corruption, but work on other agreements is standing in the way.

China is pushing for a Pacific Rim free-trade zone, known as the Free Trade Area of the Asia-Pacific (FTAAP), to be in place by 2025. But discussion on the FTAAP was being distracted because negotiations on other massive trade deals were under way, and the 21 Apec economies were still working out if they would overlap, Asia-Pacific Economic Cooperation secretariat executive director Alan Bollard said. Read more here.