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Asia Pacific Economic Cooperation (APEC) Benefits/Achievements -…
Asia Pacific Economic Cooperation (APEC)
Benefits/Achievements
(1) Promoting regional economic integration and trade.
(2) Making it easier to trade across borders
Reduce trade barriers
Promoting the free flow of goods, services and capital among APEC countries.
Trade Facilitation Action Plan
streamlining customs procedures
Broaden its focus to address behind-the-border barriers.
Improving regulatory practices & local business climate
(3) Making it easier to do business
2009-2013
Improved the (2009) Ease of Doing Business
Applying permit
Getting credit
Starting a business
(2009) Ease of Doing Business Action Plan
Cheaper, easier and foster to do business in the region.
Foster Custom Procedures
Centralized export-import processed online
Accelerate time taken for good to travel across border
Single Window
links all government agencies involved
Allow companies to submit documents electronically one time from anywhere.
Structural Reform
Foster transparency, competition & better functioning markets
Regulatory reform
Improve public sector and corporate governances
Strengthen the legal infrastructures
(4) Connecting the region
Improving physical infrastructure linkages, people mobility and institutional ties.
APEC's Connectivity Blueprint
Improve information technology and transportation infrastructure.
APEC Business Travel Card
Can conduct business more easily
Provides pre-approved frequent business travelers with visa clearance & fast-track entry (Special APEC lane)
19 active members with USA & Canada as transnational members
APEC Supply Chain Connectivity
Improve logistics & transport network
Enable component parts & final goods to travel across multiple borders.
Environmental Goods List
Development of clean technologies and greener growth across the region.
Vladivostok, Russia (2012) APEC leaders agreed to reduce tariffs on 54 implementing goods.
Increasing Energy Efficiency & Renewables
(2011) Member countries commited to reduce energy by 2030.
Members committing in rationalizing and passing out inefficient fossil fuel subsidies
Encourage wasteful consumption
Green towns in the Asia Pacific
Helped urban planners develop low-carbon model from plans
Reduce carbon footprints by adopting a set of carbon emissions reduction targets and energy efficient initiatives for solar panels to electrical vehicles
Support development of smart electricity grids
(5)Inclusive Growth: Ensuring Everyone is on Board
Nurturing Small Business
(2005) APEC SME Innovation Centre established in Korea
Improve competitiveness of SME's through hands-on business consulting
APEC Start-up Accelerator Network (2013)
Promote entrepreneurship & innovation by connecting technology start-up with funding and mentor.
(2011) APEC enhance SME's business ethics
Train more than 250 regional experts to assist SMEs with business continuity plan
to minimize disruptions & disaster
Enhancing Social Equity in the Region
(2004) APEC Digital Opportunity Center
Provide computer skills training to vulnerable rural and urban communities
focused on transform digital divides into digital opportunities