Asia-Pacific Free Trade Zone Eliminates 85% of Tariffs — The Winners, Losers, and Timeline

The 16-nation Asia-Pacific Prosperity Agreement erases tariffs on 85% of traded goods and creates a unified digital services framework covering 2.3 billion consumers. Economists project $1.4 trillion in new regional trade by 2030 — but domestic manufacturers in Japan, South Korea, and Thailand are already lobbying for carve-outs on automotive and semiconductor categories.

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