Henry Huiyao Wang: A Xi-Trump-Putin summit in Shenzhen could kick-start peace in Ukraine

CCG’s President says there will be no diplomatic masterstroke in Ukraine’s absence, but serious consideration of a ceasefire can lay the groundwork for peace

[from the Center for China & Globalization, 31 October 2026]

Below is the latest opinion column by Henry Huiyao Wang, founder and President, Center for China and Globalization, published in the South China Morning Post.

At the recent Valdai Discussion Club, I asked Russian President Vladimir Putin if he would be open to meeting Chinese President Xi Jinping and U.S. President Donald Trump at the Asia-Pacific Economic Cooperation (APEC) forum in Shenzhen. I also asked, more broadly, what role China could play in promoting peace in Ukraine, mediating and contributing to peacekeeping.

Putin was receptive, warmly welcoming the idea of a China-hosted meeting. Trump, too, has expressed a willingness to meet Xi and Putin. These expressions of openness offer an opportunity we must seize in pursuit of peace.

Some in the United States and Europe question the value of such a summit. They may fear restoring Putin’s standing or normalising the conflict without yielding any real progress towards an end to the war. That risk is still real but these largely Western fears must be tempered by the very real, very human cost of letting the war continue unabated.

From the very beginning of the war, I have been arguing that China has a constructive role to play. In March 2022, less than three weeks into Russia’s invasion, I wrote an article in The New York Times titled “It’s Time to Offer Russia an Offramp. China Can Help With That.”

In August last year, I extended that train of logic in Foreign Policy, where I proposed a seven-party format for peace negotiations and suggested that a peacekeeping force include troops from European and BRICS countries. A meeting of the three leaders in Shenzhen could help lay the groundwork for these broader diplomatic and peacekeeping efforts.

Without Ukraine’s participation, such a meeting is unlikely to produce a diplomatic masterstroke that ends the war. But the three leaders need not put the war to rest at a table in Shenzhen to make progress. Serious consideration of a ceasefire along the current line of contact—an approach Ukrainian President Volodymyr Zelenskyy has supported—could give peace efforts fresh momentum, leaving the final status of disputed territories for subsequent negotiations.

Further agreement could be sought on the protection of nuclear facilities, or a mutual end to strikes on energy infrastructure, new prisoner exchanges or improved humanitarian access. Of course, issues of sovereignty, security guarantees, Russia’s security concerns and Europe’s security commitments would remain. But these need not all be resolved at once before a ceasefire can begin.

Already, years of war have inflicted immense suffering on both Russia and Ukraine. Neither side achieved its objectives, and both need a dignified way out that protects their core interests. Thus, we must open a path towards peace without requiring either side to concede defeat. China could help bridge this gap by bringing Xi, Trump and Putin together in Shenzhen to explore how a ceasefire and wider negotiations involving Ukraine might work.

The United Nations could stand at the core of such an arrangement by monitoring any ceasefire and preventing a return to fighting by physical peacekeeping if the parties are so inclined.

For a broader negotiation on settlement, I find myself returning to a seven-party format that would bring together the five permanent members of the UN Security Council—China, France, Russia, Britain and the U.S.—alongside Ukraine and the European Union. An understanding reached in Shenzhen could give momentum to this broader negotiating process and free up the Security Council for action.

A peacekeeping force composed entirely of NATO or European troops might be unacceptable to Russia. Yet a mission without European participation would struggle to reassure Ukraine and its neighbours. Any workable arrangement would need to address both concerns.

In my Foreign Policy article, I proposed a peacekeeping force drawing troops from five European countries—Germany, France, Britain, Poland and Italy—and five members of the BRICS grouping, such as China, India and Brazil. And while the exact formulation, from the composition and mandate to the terms of deployment, would need to be negotiated with the consent of Russia and Ukraine, and the agreement of the contributing countries, the core idea remains sound.

As a permanent member of the UN Security Council and the largest contributor of peacekeeping personnel among the five permanent members, China is well positioned to help. Its distinctive role in the global economy and dialogue with Russia, Ukraine, the U.S. and Europe, give it channels through which to coax the parties towards peace. But this process must begin somewhere, and that somewhere could be Shenzhen.

Nor should APEC be the end of the diplomatic effort. With an understanding reached by the leaders in Shenzhen, the Security Council may pick up the momentum by advancing ceasefire and peacekeeping proposals. The Group of 20 could then join the effort to rally support from major economies with an interest in maintaining the deal. Each would play a different role and would not be tasked with settling the entire conflict.

China’s role in the Saudi Arabia-Iran rapprochement in 2023 showed Beijing’s ability to open a door after years of enmity. The Ukraine war is different, and there can be no guarantee of a similar outcome. But diplomacy must begin somewhere, particularly when fighting has brought such destruction.

The central question is whether such a meeting could help bring the war to an end. In that light, any gain in prestige for an individual leader is almost irrelevant. And if the three leaders could agree on practical steps towards peace, they would give the United Nations and the wider international community a material basis upon which peace could be built.

From the Corner Café to the Global Market: Building an Inclusive Intellectual Property System Across APEC

[from APEC News, by María Gloria Riethmüller Harland, Singapore]

Every day, I pass by small businesses that bring life to our neighborhoods. A corner café with its own blend, a family bakery known for its special recipe, a local designer selling clothes under her own brand. Few of them would think of themselves as intellectual property owners, yet in many ways they are.

Their innovative brands, recipes and ideas are often their most valuable assets. But for most small businesses, intellectual property still feels like something meant for large companies with legal teams.

Over the last two years of chairing the APEC Intellectual Property Rights Experts’ Group (IPEG), one conviction has only grown stronger. Intellectual property should not be a privilege for a few. It should be the foundation that lets anyone with a good idea earn from its expression and grow. It should spark more creativity across our region. It should help build new businesses, new jobs and shared prosperity.

In practice, for a small business owner, the system can feel complex, costly and hard to navigate. The landscape is also changing quickly, as new technologies and online trade reshape how ideas are made, shared and protected.

When IPEG was created in 1997, its focus was making global trade rules on intellectual property work between economies. Over time, its work has grown to place small businesses, along with women, young innovators and local communities, at the center.

Our work over the past two years has been about making that shift real.

Small businesses, big ideas

Micro, small and medium enterprises (MSMEs) account for more than 97 percent of businesses in the APEC region. The challenge is not whether they have valuable ideas, they do. The challenge is turning those ideas into growth.

Intellectual property can help small businesses protect what makes them different, secure finance and expand into new markets with confidence.

The difference can be striking. A study [archived PDF] by IP Australia found that new small businesses that filed for intellectual property in their first year were twice as likely to achieve strong sales and employment growth. Yet the study found that only a small fraction of MSMEs own intellectual property.

That is why small businesses sit at the heart of IPEG’s 2025-2026 Work Plan.

Some of the most valuable lessons came from simply listening. Last year August in Incheon, I moderated our Policy Dialogue on Intellectual Property for Business, with a focus on SMEs. Our conversations were honest and practical, from making the system more user-friendly for small business owners to the opportunities e-commerce opens for them.

Conversations matter, but only if they lead to change. This one did. Following the dialogue, the World Intellectual Property Organization (WIPO) offered member economies the opportunity to embark on a project, asking small businesses directly how they understand, use and perceive intellectual property, and what stands in their way. Such projects aim to help offices and policymakers across the region build systems and support around real needs, not assumptions.

When we met in Dalian this August, the progress was clear. Some economies shared how they are running training workshops that help firms, especially technology startups, identify and actively manage their intellectual property strategically. Others are offering support in valuing patents, so small businesses can use their inventions to secure loans.

Step by step, intellectual property is becoming a tool small business owners and innovators can actually use, not just one they hear about.

Keeping pace with technology

Technology is changing how ideas come to a reality and are sold. But it is also changing how we protect those inventions, giving intellectual property offices new tools to work faster, smarter while making systems simpler for business owners.

Take patents, which protect new inventions. To get one, an inventor has to prove their idea is genuinely new. With a record 3.7 million patent applications filed worldwide in 2024, that is no small task.

Artificial intelligence search tools can now help compare applications more thoroughly rather than simple keyword matches. Chatbots walk first-time applicants through the search process. New translation tools make it simpler to understand patents filed across the region.

For a small business, this is far from a technical detail. Faster and more accurate searches mean knowing early whether an idea is genuinely new, before spending money on an application and investing in their venture.

Used well, technology can turn a complex process into a quicker, clearer path to protection.

Every idea counts

But a system is only as strong as the people it reaches.

Women, for example, accounted for just 18 percent [archived PDF] of inventors named in international patent applications in 2024. For the people and communities behind unprotected good inventions, that means missed income, missed recognition and missed growth.

Changing that takes partnership. By enhancing dialogue with APEC’s Policy Partnership on Women and the Economy, IPEG can build women entrepreneurs’ know-how on using intellectual property to protect their brands and designs, helping them to grow internationally.

Every region also has its own valuable cultural or geographical assets, while communities also carry traditions passed down over generations, from recipes and crafts to songs and stories. They are not just part of communities’ heritage and pride. For many, these traditions and assets can become sources of income. Intellectual property plays a vital role here too.

Geographical indications, labels that tie a product’s name to its place of origin, are one way to do that. Across the region, they are helping more small local businesses and women-led enterprises stand out from imitations, reach new buyers and become more competitive.

Copyright is reaching folk art too, from traditional stories to music and designs. Clear rights give communities the confidence to share their traditions widely and give new generations a reason to keep creating with them.

Inclusion is not a side project for intellectual property. It is the test of whether the system works at all. When intellectual property reaches more people, more creations reach the world, benefiting workers, MSMEs, communities and consumers. That simple belief has guided IPEG’s work for the past two years.

In August, I chaired my final IPEG meeting in Dalian. What I value most is not any single outcome, but the spirit behind our work.

IPEG is a space for dialogue. A space to ensure intellectual property drives resilience, innovation and growth. A space where economies with different experiences work together to make intellectual property more meaningful and accessible.

That space matters more than ever. New technologies, new business models and new forms of creativity are creating both opportunities and challenges. I encourage IPEG to keep using this forum not only to exchange information, but to thinking creatively about where APEC cooperation can make more tangible differences.

Because in the end, the measure of our work is simple. It is whether the corner café, the family bakery and the young designer down the street can turn their innovations into a lasting livelihood.

María Gloria Riethmüller is the Chair of the APEC Intellectual Property Rights Experts’ Group (IPEG) and Legal Advisor at the Intellectual Property Department of Chile’s Undersecretariat of International Economic Affairs.

World-Watching: Old Problem, Modern Solution: Emerging Technologies for Anti-Corruption

[from Asia-Pacific Economic Cooperation, 29 July, 2025]

by Emmanuel A. San Andres and Glacer Nino A. Vasquez

Harnessing new tools to strengthen transparency and accountability can help APEC economies combat corruption and build public trust.

The Code of Hammurabi is one of humanity’s oldest surviving legal texts. Etched in basalt nearly four millennia ago, one of the many crimes it proscribes is corruption by a judge, for which the punishment is a hefty fine—“twelve times the fine set by him in the case”—plus removal and perpetual disqualification from office. Today, laws are published online rather than on stone tablets, but corruption remains a scourge across societies.

Thousands of years later, the fight against corruption continues. Corruption scandals continue to make headlines across the region, affecting both public and private institutions. Whether involving procurement fraud or illicit finance flows, these cases underscore how quickly trust can erode when institutions fail to adapt. The need for preventive systems, powered by data, backed by law and enabled by technology, has never been more urgent. Across APEC, the principles of transparency, accountability and integrity remain central to strong public institutions. As economies become more interconnected and more data-driven, emerging technologies are offering new ways to advance these goals.

APEC economies have long relied on oversight mechanisms such as audits, procurement rules, and internal checks to prevent, detect and prosecute corruption. These tools have been effective in fighting corruption, and they remain essential. But at the same time, new technology has also opened new pathways for corruption: The discreet meeting at a coffeeshop may now occur over an encrypted messaging app, and the cash-filled envelope replaced by a cryptocurrency transfer.

As corrupt actors grow more technologically sophisticated, so too must anti-corruption efforts. APEC economies are not new to digital solutions—e-government and e-procurement portals have reduced opportunities for hidden transactions. Beneficial ownership registries and asset tracking systems make it easier to prosecute and penalise incidents of corruption when they do occur. But emerging technologies offer even more powerful tools to prevent, detect and deter corruption.

For example, artificial intelligence and machine learning (AI/ML) enable real-time monitoring, risk scoring, pattern detection, and predictive analytics. These tools can support monitoring and investigation by automating document review and evidence gathering. AI/ML can also enhance institutional capacity through adaptive, personalized training systems.  Meanwhile, advanced data analytics can support the review of large volumes of data, revealing patterns of corrupt activity and informing decision-making. When data from different sources are connected, it becomes easier to understand corruption risks early and act with greater precision.

Blockchain—the technology that enables cryptocurrencies—can be used to create immutable, transparent ledgers for government transactions, supply chain monitoring and secure identity management, making it harder to conceal corrupt activity. Remote sensing and facial recognition technologies also offer potential in compliance monitoring and anomaly detection.

However, implementing these emerging technologies have their share of challenges and risks. The effectiveness of AI/ML systems is only as good as the quality, integrity and objectivity of the data they are fed; biased inputs can produce biased outcomes. Blockchain technology is very energy-intensive, which may hinder its scalability and availability. Facial recognition raises serious concerns over privacy and due process, enabling widespread surveillance without individual consent.

These trends mirror growing international momentum around the digitalization of integrity systems. International organizations are helping lead the way: the OECD is leveraging AI and big data to detect corruption risks and improve compliance, while the World Bank’s Governance Risk Assessment System [archived PDF] uses analytics to uncover fraud in public procurement, with pilots already underway in Brazil. As stewards of major anti-corruption conventions, these institutions are turning innovation into accountability. For APEC economies, this alignment offers a timely opportunity to shape global standards while advancing domestic reform.

It is also important to recognize the central role of human and institutional elements in anti-corruption efforts. Emerging technologies are not a silver bullet; they will only be effective if they are well integrated into government processes and are aligned with the skills of the people who need to use them. Training and capacity building will be essential to bridge capability gaps, while a committed leadership will be needed to implement the legal reforms and oversight structures needed to ensure effective adoption.

Buy-in from anti-corruption stakeholders across government, the private sector and civil society is also crucial to this pursuit. Technologies like AI/ML and advanced analytics require large volumes of reliable data, requiring cooperation and information sharing. Public understanding and trust, ethical use of data and equitable access to technology are all essential to ensuring long-term success.

APEC economies are at different stages of readiness to adopt these emerging technologies. While some economies have yet to develop adequate digital infrastructure, human capital and institutional structures, others are already in a position to expand or integrate more advanced anti-corruption tools into their day-to-day processes. Capacity building, information sharing and dialogue can help narrow this gap while learning from the experiences of those ahead.

This is where regional cooperation can make a difference APEC provides a platform for knowledge sharing, capacity building and policy cooperation. The Anti-Corruption and Transparency Experts Working Group could provide a venue for a collaborative strategy to mainstream emerging technology in anti-corruption work, while building technical capacity for economies that need it. Likewise, the upcoming APEC High-Level Dialogue on Anti-Corruption Cooperation provides an opportunity to reaffirm values and shared commitments in the fight against corruption.

Corruption has existed since the dawn of civilization. As methods to commit corruption have evolved, so must the tools to combat it. People and institutions will always remain at the heart of anti-corruption efforts, but with the right governance and safeguards, emerging technologies can be game-changers in fighting corruption and recovering its proceeds, whether it’s in Babylonian sheqels or in bitcoins.

Emmanuel A. San Andres is a senior analyst, Glacer Niño A. Vasquez is a researcher at the APEC Policy Support Unit. For more on this topic, read the latest issue paper “Technologies for Preventing, Detecting, and Combatting Corruption” [archived PDF].

World-Watching: Small Business and Food Waste: Not a Small Problem

[from APEC News]

by Aaron Sydor

Faced with a possible food crisis, economies must work together and take action on food waste … starting at the front line with MSMEs.

Conflict, supply disruption, rising prices, and shortages are all impacting food supplies globally. Just as we are nearing some form of recovery from the pandemic, we are now facing another global challenge in the form of a food crisis – and it’s likely to get worse.

The United Nations World Food Programme (WFP) tells us that 349 million people face acute food insecurity this year — an increase from 287 million people in 2021. It is a tragedy that when the world is “hungrier than ever,” as the WFP calls it, so much food goes to waste. One-third of food production, or 1.3 billion tons per year, goes to waste globally, according to the UN Food and Agriculture Organization. It is inconceivable, then, that we don’t make the most of the food that we have.

This is a regional problem that cannot be solved by individual economies acting on their own. It must be looked at with a wider lens, such as through bodies, like APEC, that promote regional economic cooperation. APEC members acknowledge that all areas of the agri-food value chain are interdependent and that there is a need for a whole-system approach.

Among the forum’s efforts to reduce food waste is the Food Security Roadmap Towards 2030 which aims to establish an open, fair, transparent, productive, sustainable and resilient APEC food system. This corresponds to the UN and other multilateral goals by taking action through the following avenues: digital transformation; productivity and international trade; sustainability; public-private partnerships; and inclusivity, especially in the inclusion of micro, small and medium enterprises (MSMEs) along the agri-food value chain.

For more on this topic, download “Enhancing Green MSMEs’ Competitiveness for a Sustainable and Inclusive Asia-Pacific: Food Sector Waste Reduction in Food Supply Chain.” [Archived PDF]

In my capacity as the Chair of APEC’s Small and Medium Enterprises Working Group, I’d like to stress the importance of the latter: inclusivity and small business. MSMEs account for over 97 percent of all business in APEC economies and employ over half of the workforce. Any strategy for reducing food wastage will have to involve the wholesale participation of the region’s smaller businesses.

This is easier written than done. For one thing, fit-for-purpose data is scarce. No APEC economy has food waste data that is specific to MSMEs. And while all have policies and measures to address the problem of food waste, there are no large-scale direct MSME–food waste reduction targets, policies or plans. Few have tried to reduce MSME food waste in the retail food and food service industries. Supermarkets, food storage facilities or warehouses in many APEC economies aren’t required to donate excesses.

Most entrepreneurs aren’t even aware of the problem, or underestimate its true cost. Those who do understand have limited options or capital, and are unable to find cost-effective solutions to create value out of food waste, and face problems with logistics and transportation. On top of this, there are few to no regulatory frameworks to guide them. From a technology perspective, a majority of APEC economies utilize modern technologies, including mobile applications, to reduce or manage MSME food waste/surplus food, but these modern technologies are used only by large companies in big cities.

Amid these challenges are an abundance of opportunities to help MSMEs reduce food waste. Training, policies and guidelines can aid them in improving profits by reducing costs and increasing the value added of food. They can reduce their carbon footprint, which enhances consumer demand, and divert waste to new products or bioenergy.

A November study by the APEC Small and Medium Enterprises Working Group presents case studies, identifies the best available data on food waste for MSMEs, and identifies several best practices for economies in dealing with food waste through MSME policy.

In one section, the study’s authors analyze a case study of a successful MSME, and identify four key factors contributing to its successful reduction of food waste: 1) creating a network of people — e.g., a community surrounding a farm; 2) using innovation and technology to facilitate farming and save time; 3) producing knowledge and providing it through several channels — e.g., a learning and training center, friendly guide books; and 4) considering the environment at every step of the process.

The paper, called “Enhancing Green MSMEs’ Competitiveness for a Sustainable and Inclusive Asia-Pacific: Food Sector Waste Reduction in Food Supply Chain,” [Archived PDF] is extensive and easily doubles as a handbook for anyone interested in MSME food waste, or the problem of food waste in general. It is a great example of what can be achieved when economies combine knowledge and resources in the pursuit of keeping the region inclusive, prosperous, and fed.

Aaron Sydor is the Chair of the APEC Small and Medium Enterprises Working Group.

From ASEAN and G20 to APEC, as World Leaders Meet in Person Again, 3 Reasons to Root for Multilateralism

By Wang Huiyao | Founder of the Center for China and Globalization (CCG)

Over the past two weeks, Asia has played host to the most intense sequence of multilateral summits since the pandemic began, as national leaders gathered for meetings organized by ASEAN, the G20 and APEC. Although overshadowed by geopolitical tensions, the meetings marked a welcome return to in-person summit diplomacy, and the better-than-expected outcomes show hope yet for multilateralism.

The conclaves began in Phnom Penh with the annual summit of the Association of Southeast Asian Nations. At the first of such in-person events in almost three years, ASEAN leaders took the positive step of agreeing in principle to admit East Timor as the 11th member of the organization.

As leaders moved on to Bali for the Group of 20 summit, expectations were low after ministerial meetings in the run-up had failed to produce consensus. Earlier in the year, given fractures in the wake of Russia’s invasion of Ukraine, there was a question mark over whether the G20 could even go ahead or survive in its existing form.

In the end, the summit surpassed expectations by producing a joint declaration after intense negotiations, with leaders finding the compromises necessary to unite in declaring that “today’s era must not be of war” and pledging to uphold the multilateral system.

The summit also saw a positive face-to-face meeting between China’s President Xi Jinping and U.S. President Joe Biden, their first as leaders, signaling a willingness to halt the downward trajectory of China-U.S. relations.

In Bangkok, the 21 leaders of the Asia-Pacific Economic Cooperation forum also pledged to uphold and strengthen the rules-based multilateral trading system. Importantly, the group agreed on a multi-year work plan for an Asia-Pacific free trade area.

Reflecting on these three summits, three takeaways give reason for cautious optimism that multilateralism can yet be revived and play a major role in solving our challenges.

First, and perhaps most obviously, the return of in-person summit diplomacy is a welcome uplift for global cooperation. Virtual formats played a useful interim role at the height of the pandemic but were never a substitute for getting leaders in the same room. That is especially when it comes to interactions on the sidelines, often as important as the main event.

China’s return to diplomacy at the highest level was a further boost, both for the nation and the rest of the world.

In addition to Xi’s highly anticipated meeting with Biden, the Chinese leader met over a dozen other leaders at the G20 and APEC summits, including a warmer-than-expected first meeting with Japanese Prime Minister Fumio Kishida and his first meeting with an Australian prime minister since 2016.

Leaders got to meet their new counterparts for the first time or build on existing relationships, which can only help global cooperation.

The second takeaway is that as grave as our challenges are, the threat of escalating conflict and severe economic pressures on all nations seem to be focusing minds and increasing the willingness to engage and cooperate—out of necessity if nothing else.

The G20 summit was the second major one this year to surpass expectations after the 12th World Trade Organization Ministerial Conference in June surprised observers by agreeing on a plan to reform the organization and its dispute settlement mechanism. The G20 statement reiterated support for this WTO reform plan, which will be critical to get the free trade agenda back on track and provide a much-needed boost for the global economy.

Third, and perhaps most significantly for the long term, the recent summits marked an acceleration of the trend towards multi-polarization in international diplomacy, and in particular, the rising influence of non-aligned “middle powers” to shape multilateral outcomes.

The middle powers represented at ASEAN, the G20 and APEC have huge stakes in avoiding a bifurcation of the global economy that might result from a new cold war. They don’t want to be forced to pick sides and many show a growing willingness and ability to build bridges and restore positive momentum for multilateralism.

Indonesia is a prime example. The country’s strategic heft and non-aligned credibility make it well-placed to bridge different camps. President Joko Widodo made a big political bet on the success of the G20 and has won praise for the deft diplomacy that kept the organization alive and got it to a joint statement.

The Indian delegation reportedly also played a big role in achieving consensus on language in the statement, with the BRICS group (Brazil, Russia, India, China and South Africa)—as well as Indonesia—turning out to be crucial swing voters in securing the joint statement. One Indian official said it was “the first [G20] summit where developing nations shaped the outcome.”

There is scope for this trend to continue next year as middle powers continue to rise in stature, and India and Indonesia take over the presidency of the G20 and ASEAN, respectively. Brazil will host the G20 the year after.

Over in Sharm el-Sheikh at the COP27 UN climate summit, another middle power—the host Egypt—also won praise for helping to shepherd a historic financing deal for poor countries affected by climate change. But the ultimate failure to reach a commitment to phase down fossil fuels was a sobering reminder of the huge difficulties that remain in forging the global consensus needed to overcome our shared challenges.

Asia-Watching: New Studies on Tariffs; FDIs and Global Value Chains

[from Asia-Pacific Economic Cooperation, May 15, 2022]

Study on Tariffs: Analysis of the
Regional Comprehensive Economic Partnership
Tariff Liberalization Schedules

prepared by Carlos Kuriyama, Sylwyn C. Calizo Jr. & Jason Carlo O. Carranceja

RCEP is the largest regional free trade agreement (FTA) in the world. Its potential is huge, as its 15 members account for about 2.2 billion people (30% of the global population), a regional gross domestic product (GDP) of about USD38,813 billion (30% of global GDP), and 28.8% of global trade. This study examines market access commitments and comparing the extent of tariff liberalization within RCEP as well as the other major regional FTA in the Asia-Pacific, the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP).

Read the full article [archived PDF].

The FDI Network, Global Value Chain Participation and Economic Upgrading

by Luna Ge Lai, Nguyen Thu Quynh & Akhmad Bayhaqi

Foreign direct investment (FDI) represents an important internationalization pathway to global value chain (GVC) participation. APEC economies as a group have dominated as FDI recipients, accounting for nearly 52% of the global inward FDI stock. This study analyses the role of FDI in economies’ GVC participation.

Read the full article [archived PDF].