FTAAP became an official agenda of APEC. APEC needs a credible trade agenda to restore its identity and FTAAP would ultimately achieve it. However, APEC has to abandon its working mechanism in order to form a WTO-consistent regional agreement and an attempt to establish FTAAP may jeopardize...

China now engages in multilateral trade liberalization as a new member of the WTO. Concurrently, the number of regional trade agreements is increasing worldwide. China and its trading partners would benefit from increased regional liberalization. Using a gravity equation for 23 Asia-Pacific...