Publication

This paper describes how Western Pacific Rim states have been slow to participate in preferential trade agreements (PTAs). The author explains that the revised regional interest in PTAs reflects the perception that such trade agreements have been successful in other parts of the world, and is reinforced by dissatisfaction with the Pacific Rim's existing trade groupings. The paper states that while some positive conclusions may be drawn from PTAs, they still primarily amplify political considerations that may adversely affect the political balance in participating countries, impose costs on non-participants and deplete scarce negotiating resources.