Explanation of Terms used in the Report

ABAC	APEC Business Advisory Council
AFTA	ASEAN Free Trade Agreement
APEC	Asia Pacific Economic Cooperation
ARF	ASEAN Regional Forum
ASEAN	Association of Southeast Asian Nations
APT	ASEAN Plus Three (ASEAN plus China, Japan and Korea)
CO2	Carbon Dioxide
CPI	Consumer Price Index
DDA	Doha Development Agenda
EAS	East Asia Summit
EU	European Union
FDI	Foreign Direct Investment
FED	United States Federal Reserve
FTAs	Free Trade Agreements
FTAAP	Free Trade Area of the Asia Pacific
GDP	Gross Domestic Product
KISER	Kansai Institute for Social and Economic Research
IMF	International Monetary Fund
IPOs	Initial public offerings
Latin America	Chile, Colombia, Ecuador and Peru (Latin American PECC member economies)
Non-government/NGO	Includes academics, civil society and the media (for the survey results)
North America	Canada, United States of America and Mexico
Northeast Asia	China, Hong Kong (China), Japan, Korea, Chinese Taipei
PECC	Pacific Economic Cooperation Council
PEO	Pacific Economic Outlook
PPI	Producers’ Price Index
PTAs	Preferential Trade Agreements
RMB	Renminbi
SOTR	State of the Region
Southeast Asia	Brunei, Indonesia, Malaysia, Philippines, Singapore, Thailand and Vietnam (in this publication)
TPA	Trade Promotion Authority
UN	United Nations
UNFCCC	UN Framework Convention on Climate Change
USAPC	United States Asia Pacific Council
WTO	World Trade Organization