Free Trade Agreement of Asia-Pacific

Trans-Pacific Partnership: What is it and what does it mean? BBC News

This new video from BBC News unpacks what the TPP means for participating nations and the global economy as a whole. 

APEC can take global leadership with a practical, comprehensive approach—call it a “Pacific Economic Partnership” for global growth, or PEP for short. This would consist of concrete, achievable components, many already in the works. It’s the closest thing APEC has to a shovel-ready growth strategy, but it requires both U.S. and Chinese leadership.