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245 0 _a
_aIs the Pacific Alliance a potential Pathway to the FTAAP?
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_h6
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_aunmediated
_2rdamedia
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_aABSTRACT:The establishment of a Free Trade Area of the Asia-Pacific (FTAAP) is one of the priorities of the Asia-Pacific Economic Cooperation (APEC) to enhance regional economic integration beyond the Bogor Goals, as reflected in the Being Roadmap for APEC in 2014. There are multiple pathways that could converge into the FTAAP and these include the Trans - Pacific Partnership (TPP) and the RegionalComprehensive Economic Partnership (RCEP). This paper discusses the potential of the Pacific Alliance (PA) to provide an additional pathway that also contributesto the FTAAP process and regional integration in Asia-Pacific. the analysis suggests that the PA can be considered a comprehensive mechanism that is in line with Bogor Goals, and its achievements in areas such as market access, services, investment and new generation issues suggestthat is a WTO+agreement. How ever there are issues that would need to be negotiated amomng its members-such as intellectual property , labor and environmental protection-for the PA to profile itself as a pathway equivqlent to the TPP. The PA, however, is more comprehensive than the RCEP. The analysis also suggests that despite having only four members, the PA is a living aggreement and is open to other APEC economies for membership and therefore has the potential to become a region-wide agreement. This paper encourages PA members to formulate a coomon Asia-Pacific strategy as a necessary step to further integrate the region and be able to contribute to the realization of the FTAAP. Formulating the strategy is one of the most important challenges for the economies of PA members and, at the same time, one of their greatest oppurtunities to become a driving force for regional integration in the ASia-Pacific Region.
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583 _5
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650 _x
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_aFree Trade Area of the Asia - Pacific
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_yPacific Alliance
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651 _x
_x
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_y20
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700 _i
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_aPhilippine Journal of Development. 2015. pp. 1-20.
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