ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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Regional Trade and Investment Architecture in Asia-Pacific

Regionalism has become a key component of the new international order. It offers to the governments of developed and developing countries a new and attractive complementary strategy to multilateralism. Most countries of the world today belong to one or more regional trading arrangements of some kind covering more than two-thirds of the trade conducted. The Asia-Pacific region is no exception to this trend. This paper examines the evolving regional trading panorama in the Asia-Pacific region with its recent surge in bilateralism and its implications for evolving a regional trade and investment architecture. It argues that by facilitating the development of a seamless, region-wide zone of trade and investment, the region will enhance its prospects for becoming the world?s centre of economic growth and prosperity by 2020.
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