The MFA added that it expected the Free Trade Area of the Asia-Pacific (FTAAP) would be the top topic discussed at the on-going Asia Pacific Economic Cooperation (APEC) meetings in Beijing. A report of the Pacific Economic Cooperation Council (PECC) annual survey was cited as saying the FTAAP can unleash much greater economic vigor than other regional trade arrangements, and, if completed, will add an estimated 2.4 trillion U.S. dollars to the global economy. The report estimated that the Trans-Pacific Partnership's (TPP's) contribution to the global economy will be about US$ 223 billion and that of the Regional Comprehensive Economic Partnership (RCEP) about US$ 644 billion dollars.