The economies of APEC are working in a way to motivate the regional trade. Since 2012, the growth of regional trade has been lower than that of gross domestic product. Therefore, the economies of APEC are intensifying their effort to reduce the tariff, the barrier in the service sector and the bottle necks in the facilitation of the trade.
The Preferential Trade Agreement Between MERCOSUR and India Consolidates Nearly Two Decades as a Pivot for South-South Cooperation
Since its implementation in 2009, this tariff instrument shared by Argentina, Brazil, Paraguay, and Uruguay has been key to diversifying the block’s export destinations and strengthening trade with one of the most dynamic economies in the Asia-Pacific.



