State of the Region

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Explanation of Terms used in the Report


ABAC APEC Business Advisory Council
AFTA ASEAN Free Trade Agreement
APEC Asia Pacific Economic Cooperation
ARF ASEAN Regional Forum
ASEAN Association of Southeast Asian Nations
APT ASEAN Plus Three (ASEAN plus China, Japan and Korea)
CO2 Carbon Dioxide
CPI Consumer Price Index
DDA Doha Development Agenda
EAS East Asia Summit
EU European Union
FDI Foreign Direct Investment
FED United States Federal Reserve
FTAs Free Trade Agreements
FTAAP Free Trade Area of the Asia Pacific
GDP Gross Domestic Product
KISER Kansai Institute for Social and Economic Research
IMF International Monetary Fund
IPOs Initial public offerings
Latin America Chile, Colombia, Ecuador and Peru (Latin American PECC member economies)
Non-government/NGO Includes academics, civil society and the media (for the survey results)
North America Canada, United States of America and Mexico
Northeast Asia China, Hong Kong (China), Japan, Korea, Chinese Taipei
PECC Pacific Economic Cooperation Council
PEO Pacific Economic Outlook
PPI Producers’ Price Index
PTAs Preferential Trade Agreements
RMB Renminbi
SOTR State of the Region
Southeast Asia Brunei, Indonesia, Malaysia, Philippines, Singapore, Thailand and Vietnam (in this publication)
TPA Trade Promotion Authority
UN United Nations
UNFCCC UN Framework Convention on Climate Change
USAPC United States Asia Pacific Council
WTO World Trade Organization


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Pacific Currents

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


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