The Ameirican - Asian Overview - IPBA 2012

INTERNATIONAL TRADEFREE TRADE AGREEMENTS IN ASIA -WHAT WORKS AND WHAT DOES NOTTHE AMERICAN-ASIAN OVERVIEWINTER-PACIFIC BAR ASSOCIATION22nd Annual Meeting & ConferenceTurenna RamirezMarch 2, 2012

FREE TRADE AGREEMENTS IN ASIA -WHAT WORKS AND WHAT DOES NOT?2. A TOOL FOR BUSINESS EXPANSION AND ECONOMIC BOOSTBetween 1993 and 2010 trade in Mexico has increased 5 times

FREE TRADE AGREEMENTS IN ASIA -WHAT WORKS AND WHAT DOES NOT?2. A TOOL FOR BUSINESS EXPANSION AND ECONOMIC BOOST- Exports to the US increased from $42.9 billion in 1993 to $234.6billion in 2008. Mexico’s imports from the US increased from$45.3 billion in 1993 to $152.6 billion in 2008, and then declinedto $112.4 billion in 2009 due to the economic downturn- Mexico and Japan, grew 53% their commercial activity just in thefirst 3 years of the FTA signed back in 2004- Chile and China, after their 2005 FTA, they have managed acontinued trade growth of 15% on yearly basis- This exhaustive FTA negotiation practice, has an economic,political, trade facilitation. The regions have experienced aneconomic growth, a substantive investment liberalization, thecomplement in their industrial sectors, making economies moreresilient to future global shocks

FREE TRADE AGREEMENTS IN ASIA -WHAT WORKS AND WHAT DOES NOT?3. THE AMERICAN – ASIAN FTAs (1)AMERICAN COUNTRIESCANADACHILECOSTARICAGUATEMALAMEXICOPANAMAEL SALVADORHONDURASASIA & MIDDLE EASTISRAELJAPANSINGAPOREBRUNEI DARUSSALAMCHINAKOREACHINATAIWANJAPANISRAELSINGAPORETAIWANTAIWANTAIWAN

FREE TRADE AGREEMENTS IN ASIA -WHAT WORKS AND WHAT DOES NOT?3. THE AMERICAN – ASIAN FTAs (2)AMERICAN COUNTRIESNICARAGUAPERUUSAFRAMEWORK AGREEMENTASIA & MIDDLE EASTTAIWANCHINASINGAPORESOUTH KOREATAILANDBAHRAINJORDANOMANISRAELMOROCCOSINGAPOREMERCOSUR-INDIAMERCOSUR-ISRAEL

FREE TRADE AGREEMENTS IN ASIA -WHAT WORKS AND WHAT DOES NOT?4. POTENTIAL ROADBLOCKS AND AREAS OF OPPORTUNITY- Disparity in economy sizes has caused disputes in sensitivesectors (agricultural, textile, transport, etc.)- Non FTA compliance and retaliation measures- Non tariff restrictions, trade barriers- Environmental problems- Cultural and social discrepancies- Protectionism in times of crisis

FREE TRADE AGREEMENTS IN ASIA -WHAT WORKS AND WHAT DOES NOT?5. CONTINUED REVIEW AND UPDATE OF THE TEXTSACCORDING TO TRADE PRACTICE- Many texts, different rules. The lack of a mutual recognition- The noodle bowl, overlapping of rules- The inclusion of technology in the rules of origin construction- The constant update in foreign investment and service Chapters- New generation free trade agreements, simplicity effectiveness

FREE TRADE AGREEMENTS IN ASIA -WHAT WORKS AND WHAT DOES NOT?6. CURRENT TRENDS IN INTERNATIONAL TRADE- The acceleration of regional economic integration- APEC , ASEAN +3 OR +6- Trans-Pacific Partnership – new emerging trade issues, greengrowth, digital technology, compatible regulatory systems, midsizebusiness support, harmonization and simplicity- Paperless trade- Supply chain security- Digital customs dispatch and customs cooperation- Risk administration

Turenna Ramireztramirez@sanchezdevanny.comAll rights reserved.