State of the Region

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State of the Region 2020

SOTR-2020

On behalf of the members of the Pacific Economic Cooperation Council (PECC), it is our pleasure to present our fifteenth annual report on the State of the Region.  The State of the Region report is a product of a taskforce established by the governing body of PECC. While efforts are made to ensure that the views of the PECC members are taken into account, the opinions and the facts contained in this report are the sole responsibility of the authors and editorial committee and do not necessarily reflect those of the member committees of PECC, nor their individual members.


Download: icon State of the Region Report 2020

 

 

CONTENT

I MESSAGE FROM THE CO-CHAIRS OF PECC

II CHAPTER 1: IMPACT OF THE COVID-19 CRISIS UPDATE

ECONOMIC OUTLOOK

Big gains, big challenges

Stimulus Measures

Impact on Income Inequality

The External Sector

Current WTO Challenges and APEC’s Role

The Covid Context for Regional Economic Integration

International Travel

Investment

FDI Inflow Trends

Digital sector

THE EVOLUTION OF THE PANDEMIC

Vaccine development

Information Sharing and Minimizing Supply Chain Disruptions

CLIMATE CHANGE

Finance for Sustainable Development

CONCLUSIONS

III CHAPTER 2: THE NEW GENERATION OF 'DIGITAL' TRADE AGREEMENTS: FIT FOR PURPOSE?

THE NEW ‘DIGITAL’ TRADE AGREEMENTS

TABLE 1: CONTEXT AND KEY PROVISIONS OF FOUR DIGITAL TRADE AGREEMENTS

SIMILARITIES IN ‘DIGITAL’ TRADE LANGUAGE: A PATH FORWARD?

Table 2: Comparison of Key Digital Trade Provisions
Table 3: Key and Developing Language Across Digital Trade Agreements

DIFFERENCES IN DIGITAL TRADE LANGUAGE

NEW ‘DIGITAL’ TRADE AGREEMENTS: A WAY FORWARD, A FALSE START, OR A DEAD END?

Table 4: Definitional Gaps Across Digital Trade Agreements

APPENDIX 1: COMPARISON OF LANGUAGE FOR ELEVEN COMMON PROVISIONS ACROSS THE FOUR AGREEMENTS

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Pacific Currents

Digital Technologies, Services and the Fourth Industrial Revolutions
Submitted by Jane Drake-Brockman, Christopher Findlay, Yose Rizal Damuri and Sherry Stephenson 


COVID-19 has Exposed Major Gaps in our Social Safety Nets: In a Post-COVID World Will these Gaps be Closed?
Hugh Stephens
Vice Chair, CANCPEC; Distinguished Fellow, Asia Pacific Foundation of Canada; Executive Fellow, School of Public Policy at the University of Calgary


COVID-19: Experiences from best practices in Asia show a path forward in the fight against the coronavirus
Jeffrey Reeves
Vice-President of Research for the Asia Pacific Foundation of Canada


Wuhan Dispatch: Part 2: Sharing Best Practices Around Testing and Treatment
Jeffrey Reeves
Vice-President of Research for the Asia Pacific Foundation of Canada


Wuhan Dispatch: Part 1: Establishing a Dialogue Between Canadian and Chinese Health-care Professionals
Jeffrey Reeves
Vice-President of Research for the Asia Pacific Foundation of Canada


Multilateral Cooperation is a Safeguard against Pandemics
Rebecca Fatima Sta Maria
Executive Director, APEC Secretariat


International cooperation during COVID-19
Sungbae An
Senior Research Fellow, Department of International Macroeconomics and Finance, Korea Institute for International Economic Policy (KIEP)


G20 comes to the fore again
Jorge Heine
Research Professor, Pardee School of Global Studies, Boston University; Non-resident senior research fellow at the Center for China and Globalization in Beijing


Tackling COVID-19 Together: A Bottom-Up Approach to Trade Policy
Simon J. Evenett
Economics Professor at the University of St. Gallen, Switzerland and Global Trade Alert


Drastic measures to stop spread of COVID-19 are necessary
Charles E. Morrison
Adjunct Fellow and Former President of the East-West Center; Former Co-Chair, PECC


International Trade at a Time of Covid-19
Roy Santana
Expert on tariffs and customs issues at the WTO; occasional lecturer


ASEAN-China cooperation in time of COVID-19 pandemic
Jusuf Wanandi
Vice Chair, Board of Trustees, CSIS Foundation; Former Co-Chair of PECC


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