APEC's Sectoral Liberalization Offers Alternatives to Free Trade, Reshaping Asia's Economic Landscape
The article explores a new way to open up trade in the Asia-Pacific region through focusing on specific industries instead of blanket agreements. By targeting sectors where countries in Asia-Pacific are key suppliers, they propose a type of trade deal that benefits the whole group without letting some countries take advantage without giving back. This approach might help countries like the Philippines in the Asia-Pacific region in different ways, depending on their role in those industries.