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...trade rules would simplify the bewildering spaghetti bowl of bilateral trade agreements that have been signed between various Asian countries in recent years, executives say. Others, worried about their prospects in a China-led free-trade zone, are eager to see APEC take the lead. Says Kevin Thieneman, the Southeast Asia and India country manager for industrial-equipment giant Caterpillar: "There must be a realization by the Obama Administration that the U.S. is getting lapped when it comes to trade in Asia. There is a lack of understanding in the U.S. about how fast the bilateral trade agreements are happening...

Author: /time Magazine | Title: APEC's Bonding Experience | 11/16/2009 | See Source »

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