Although the PA has stressed that it is more than just another FTA, it has received most of its international attention and support for its economic achievements and trade focus on the Asia-Pacific region. However, the PA has also advanced in other niches of cooperation, such as academic exchange, technology and the integration of stock markets. It still needs to be seen whether the existing cooperation will spill over into other issue areas and whether the PA countries will cooperate and define common positions in international forums.
As salient the trade agenda of the PA may be, one cannot ignore the political and strategic side effects of the project.
Authors: Detlef Nolte, Leslie Wehner