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A report from the Pacific Economic Cooperation Council (PECC) estimates that the FTAAP, when realized, will add 2.4 trillion U.S.
Japan is likely to be the sole country among 20 of the member economies of the Pacific Economic Cooperation Council (PECC) to suffer an economic shrinkage in 2002, due to flagging domestic demand, the PECC said Tuesday.
Earlier Wednesday, at a session of the 14th general meeting of the Pacific Economic Cooperation Council (PECC) held here, Long also told participants that China should take a ''very positive attitude'' toward the proposal of a new kind of economic and trade relationship between China, Hong Kong and Macao.
* Pacific Economic Cooperation Council (PECC) - US National Committee: (202) 293-3995
Although the author gathers a wealth of useful detail about NCG involvement in foreign, particularly economic, policy up to 1990, the book is somewhat dated, given dramatic recent expansions of the very phenomenon Hocking is studying such as the 1993 approval of the North American Free Trade Agreement (NAFTA) for the United States, Canada, and Mexico, the 1994 Uruguay Round Agreement, and the rise of the importance for Australia of the Asian Pacific Economic Cooperation Council (APECC), all of which substantially affect NCGs and justify the author's focus.
This meeting was arranged in conjunction with the Pacific Economic Cooperation Council.
The Asia-Pacific Economic Cooperation (Apec) is expected to grow by 3.2 percent this year, its slowest rate since the global financial crisis of 2008, thus highlighting the need to look at alternative and inclusive growth strategies, the Pacific Economic Cooperation Council said yesterday.
Meanwhile, more policy reforms are needed to help small companies in Asia-Pacific region directly enter the overseas market and global values chains, the Pacific Economic Cooperation Council (PECC) said.
"Representatives from four organizations namely ASEAN, WTO, the Pacific Economic Cooperation Council (PECC) and the secretariat of APEC are also expected to attend the Surabaya meeting," Imbang Jaya pointed out.
The Pacific Economic Cooperation Council, a think tank that comprises representatives from government, business and academia from member countries of the Asia-Pacific Economic Cooperation forum, estimated that an FTA comprising ASEAN, China, Japan and South Korea could bring economic gains of $500 billion globally compared with $295 billion from the TPP in 2025.
Pangestu made the remarks in a recorded video address to the conference organised by the Pacific Economic Cooperation Council think tank.
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