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apec

apec

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Published by: mehtachetan143 on Sep 26, 2011
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06/21/2013

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APEC

is the premier forum for facilitating economic growth, cooperation, trade and investment in the Asia-Pacific region

Australia in 1989 founding members: • Australia. New Zealand • 6 ASEAN economies • Japan and South Korea • Canada and the United States 12 .APEC begins as an informal Ministerial-level dialogue group in Canberra.

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6 billion • more than 40% of the world’s population a combined GDP of 21 trillion US dollars • More than half of world GDP nearly half of world trade .APEC has 21 “member economies” a population of over 2.

capital and technology . services. Growth and development of the region for the common good  Contribute to the growth and development of the world economy  Open multilateral trading system in the interest of Asia-Pacific and all other economies  Reduce barriers to trade in goods and services  Economic interdependence by encouraging the flow of goods.

The principle of mutual benefit Commitment to open dialogue and consensus-building. with equal respect for the views of all participants Giving due consideration to the needs of developing economies. .

Every year one of the 21 member economies • plays host to APEC meetings • serves as the APEC Chair • chairs the annual Economic Leaders’ Meeting Ministerial Meetings • fills Executive Director of the APEC Secretariat .

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Based in Singapore Executive Director • from the “host economy” • Singapore in 2009 Deputy Executive Director diplomats • from the “host economy” of the next year • will become fixed 3-year term starting 2010 mostly .

HR.Economic Leaders’ Meeting APEC Ministerial Meeting • Annual APEC Ministerial Meetings of foreign and economic/trade ministers • Held immediately before Economic Leaders’ Meetings Sectoral Ministerial Meetings • edu. t. . energy.. sci-tech. env.t. fin. sme...

US • APEC Leaders Economic Vision Statement .Held annually since 1993 1993. Blake Island. Seattle.

3 specific areas crucial to achieving the Goals: • Trade and investment liberalization • Business facilitation • Economic and technical cooperation .

Trade and investment liberalization • reducing and eliminating tariff • reducing and eliminating non-tariff barriers to trade and investment • opening markets Business facilitation Economic and technical cooperation .

Trade and investment liberalization Business facilitation • reducing the costs of business transactions • improving access to trade information • bringing into line policy and business strategies to facilitate growth • free and open trade Economic and technical cooperation .

Trade and investment liberalization Business facilitation Economic and technical cooperation • assisting member economies build the necessary capacities to take advantage of global trade and the New Economy .

1995. Japan • Osaka Action Agenda • concerted unilateral liberalization 1996. the Philippines • Manila Action Plan • all members submitted individual action plans . Osaka. Subic.

Reaffirm ``Bogor Goals” Asian Financial Crisis .

2001. Shanghai. China ``Meeting New Challenges In The New Century” APEC Leaders Statement on Counterterrorism .

Chile Busan. Australia . Vietnam Sydney. Mexico Bangkok. Thailand Santiago.2002: 2003: 2004: 2005: 2006: 2007: Los Cabos. South Korea Hanoi.

Indonesia . Singapore Yokohama. USA Vladivostok.2008: 2009: 2010: 2011: 2012: 2013: Lima. Russia Manado/Bali. Peru Singapore. Japan Honolullu.

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. 3/4308. .

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