7 Nov 2014

Asia-Pacific free trade talks predicted

9:05 pm on 7 November 2014

APEC executive director Alan Bollard is predicting that a headline issue from the upcoming APEC meeting, will be the possibility of setting up a free trade area for Asia and the Pacific.

Alan Bollard.

Alan Bollard. Photo: RBNZ

Government and trade officials along with hundreds of global and Chinese companies are gathering in Beijing for this year's Asia-Pacific Economic Co-operation meeting.

Dr Bollard, a former Reserve Bank Govenor, said that talks would focus on finding new drivers for economic growth in the post global financial crisis environment.

However, he said the prospect of doing some study into the establishment of a regional free trade area was likely to be discussed.

"What we're looking at is the possibility of going beyond the TPP and the other trade agreement negotiations that are currently here to a bigger longer-term prospect of a free trade area for this whole region."

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