By Alan Beattie, FT World Trade Editor
To the usual putdowns of the Asia-Pacific Economic Co-operation - “four adjectives in search of a noun” and “A Perfect Excuse to Chat” - my colleague Kevin Brown has added another ahead of this week’s big meeting: “a grouping that speaks for half the global economy but decides almost nothing”. If anything, this is a mild understatement.
Still, Apec has been doing its best to prove its relevance: here is a paper arguing that Apec members see more trade integration amongst themselves than do non-Apec members. It’s careful not to delineate a firm causal link, and just as well - even as it is the paper verges on blatant goalhanging in inviting us to infer some relationship.
More likely is that Apec was lucky enough to include all the countries (Japan, South Korea, Indonesia, Malaysia, Thailand, Singapore, later on China and Vietnam, etc) that organised themselves into the “Factory Asia” disaggregated supply chain - and which was focused on western markets. And not even the actual bilateral trade agreements in the region (as opposed to Apec’s “voluntary” i.e. toothless one) contributed much to that process either (see previous link). Meanwhile, pace one very vocal advocate, the chances of turning Apec into a proper free trade zone are the square root of Doha.
The best reason for Apec, one east Asian official once confided to me sotto voce, was that it forced the US president to travel to Asia at least once a year. But surely any good CEO visits his biggest suppliers and creditors regularly in any case?

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This blog covers a variety of topics from US foreign policy to European politics and the Middle East - and whatever else happens to be in the news or catch my attention. I joined the FT as chief foreign affairs commentator in 2006, after a 15-year career at The Economist which included stints as a correspondent in Brussels, Bangkok and Washington. I write a weekly column on foreign affairs, which appears in the paper on Tuesdays. Occasionally my FT colleagues contribute posts to this blog.
Geoff Dyer is the FT's China bureau chief. He has been a correspondent in Shanghai and in Brazil and has also covered the pharmaceuticals and biotechnology industries from London.
Roula Khalaf is the FT's Middle East editor. She has worked for the FT since 1995, first as North Africa correspondent, then Middle East correspondent and most recently as Middle East editor. Before joining the FT, she was a staff writer for Forbes magazine in New York.
James Blitz is the FT's defence and diplomatic editor. He has been the FT's political editor, based in London, and Rome bureau chief. James is a former Moscow bureau chief for the Sunday Times.
Alan Beattie is the FT's world trade editor. He has previously been economics leader writer and spent two years in Washington DC as chief US economics correspondent. Before joining the FT, Alan was an economist at the Bank of England.
Victor Mallet is the FT's Madrid correspondent. He is a former Asia editor of the FT, and, in more than 20 years at the organisation, has also worked in Africa, Europe and the Middle East. In 1990 he escaped from Kuwait after being one of the few foreign correspondents there when Iraq invaded.
Stefan Wagstyl is the FT's eastern Europe editor, co-ordinating coverage of the region. He has also been the FT's bureau chief in Tokyo and New Delhi.