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12 Nov
00:00

APEC free trade agreement postpones free trade, for now

The decision announced at the end of the Asia-Pacific Economic Cooperation (APEC) summit in Beijing on Tuesday to begin a formal study into proposals for a Free Trade Area of the Asia Pacific (FTAAP) has been seen as a victory for Beijing.  The ultimate effect, however, is likely to be that steel trade in the region will continue to be dominated by local protectionism in the face of Chinese exports and bilateral trade agreements for the foreseeable future, Kal…
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