The resulting network of agreements and negotiations is fragmented, inconsistent and unequal in terms of content and reporting. It is not clear whether governments really intend to implement all these agreements, especially when rich country models are referred to poorer Asian countries where the economic, social and political consequences will be severe. The APEC meeting will take place one week after China and 14 other Asia-Pacific countries signed the world`s largest free trade agreement. We have worked closely with Chile and our APEC partners across the U.S. government to promote the following trade efforts, improving the business environment, the digital economy, women`s economic empowerment and sustainable economic growth: djpen.kemendag.go.id/app_frontend/links/58-free-trade-agreement APEC decisions are made by mutual agreement and voluntary commitments are made. Over time, APEC has helped reduce tariffs and other trade barriers in the region, resulting in increased economic growth and international trade. Australian Department of Foreign Affairs and Trade, "Free Trade Agreement Negotiations: A Guide," Canberra: APEC Branch/DFAT 2005 Ambitious Proposal for a Pacific 5 (Singapore, New Zealand, Australia, Chile and the United States) was promoted by New Zealand shortly after the 1997 APEC meeting in Vancouver, could not agree on voluntary sectoral liberalization, and the East Asian crisis changed the perception of the regional and global economy. The United States and Australia were not enthusiastic. As a result, New Zealand and Singapore began negotiating a bilateral agreement as small evangelists. Singapore was particularly interested in distancing itself from the "failing" economies of East Asia. Australia, Chile, Thailand, Mexico and Hong Kong, China then adopted the bilateral strategy. Meanwhile, the United States has entered into free trade agreements with many of the same countries outside APEC as part of its own geopolitical strategy.
The digital economy is growing rapidly in APEC economies and is a top priority for the United States. With APEC, we promote policies that facilitate digital commerce and promote a free and open internet. The U.S. digital economy is estimated to account for 6.9% of GDP, with an annual GDP recovery potential of $2.2 trillion by 2025. We are working at APEC to support U.S. businesses and innovators in the digital economy: at the closing meeting of the APEC host year in Chile, the United States will applaud Chilean leaders in 2019.