Transcript APEC

Inside APEC
11 January 2006
APEC Secretariat
Presented by
Anita Douglas
Communications & Public Affairs Director, APEC Secretariat
Introducing APEC
The Asia-Pacific Economic Cooperation (APEC) forum is
the world’s largest cooperative economic forum with its
Member Economies accounting for
56% of world GDP, 41% of the world’s
population, and 48% of world trade.
(Source:World Bank’s World
Development Indicators (Online); DFAT's
"The APEC Region Trade and
Investment" 2004 and 2005; and United
Nations Monthly Bulletin of Statistics )
APEC’s Economic
Significance
World: 6.35 billion
World US$17 billion
World US$41 trillion
APEC 2.62 billion
APEC US$8 billion
APEC US$23 trillion
Source: World Bank’s World Development Indicators (Online); DFAT's "The APEC Region Trade and Investment" 2004
and 2005; and United Nations Monthly Bulletin of Statistics
Benefits of Liberalisation
to the Region
In the first 10 years of APEC • 195 million new jobs were created, including
174 million in lower income economies
• 165 million people in the region were
lifted out of poverty
Since the Bogor Declaration • Average tariffs declined from 12% in 1995
to 5.5% in 2004
• All developed Member Economies but one now
have average tariffs of less than 5%
(Source: Mid-term Stocktake and 1994- 2004 The First Decade Since Bogor: A Business
Assessment of APEC’s Progress by the APEC Business Advisory Council (ABAC))
Mid-term Stock-take
Trade and Investment Barriers have Fallen
• Almost 50% of all tariff lines in APEC have fallen
below 5 %
• FDI outflows from the APEC region more than
doubled from 1989 to 2003
Strengthening the Multilateral Trading System
• By 2005, 53 RTA/FTAs entered into force
• Advancing the WTO’s Doha Round
(Source: Mid-term Stocktake and 1994- 2004 The First Decade Since Bogor: A Business
Assessment of APEC’s Progress by the APEC Business Advisory Council (ABAC))
APEC Member Economies
APEC Official Observers
• Association of South East Asian Nations (ASEAN) Secretariat
• Pacific Economic Cooperation Council (PECC)
• Pacific Islands Forum (PIF)
Key Economic Indicators
Source: 1. The Economist: Pocket World in Figures: 2005 Edition
2. The APEC Region Trade and Investment 2004
APEC Economic Data
Source: Exports and Imports Data - DFAT's "The APEC Region Trade and Investment" 2004 and 2005
GDP - World Bank's World Development Indicators (Online)
Aim and Goals
Aim
To Advance Economic Dynamism and Sense of Community
with the Asia-Pacific Region
Bogor Goals
Free and Open Trade and
Investment in the AsiaPacific by 2010 for
Industrialised Economies
and 2020 for Developing
Economies
Scope of Work
• Trade and Investment Liberalisation
• Business Facilitation
• Economic and Technical Cooperation
• New Challenges
– Addressing the Security Agenda
– Addressing Pandemic Health Threats
– Addressing Sub-regional Trading Arrangements
– Reforming APEC
Key Action Plans
• Osaka Action Agenda
• Individual Action Plans
• Collective Action Plans
Development Process
• Foundation Period
(1989 -1992)
– Informal Ministerial-Level
Dialogue
– Agreement on Modus
Operandi
• Vision Setting
(1993-1995)
– First Economic Leaders’
Meeting
– Bogor Goals of Free and
Open Trade and
Investment
– Osaka Action Agenda
Framework for Meeting
the Bogor Goals
• Action Planning
(1996-2000)
– Collective and Individual Action Plans
– Action Plan for the New Economy
• New Courses
(2001 – Present)
– Shanghai Accord
– Counter-Terrorism
– Busan Roadmap
APEC’s Structure
APEC Host Economics
How APEC Operates
Policy Level –
• Economic Leaders’ Meeting
• Ministerial Meeting
• Sectoral Ministerial Meetings
• APEC Business Advisory Council
How APEC Operates
Working Level • Senior Officials’ Meeting
• Committee on Trade and Investment
• SOM Steering Committee on Economic and
Technical Cooperation
• Economic Committee
• Budget and Management Committee
Stakeholder Participation
• Business
• Academic and Research Institutions
• Women
APEC Secretariat
• 1989/93 – Administration and Support Functions by
Economies.
• 1993 – Permanent Secretariat Established in
Singapore with Staff of 12.
• Trade and Investment Liberalization and Facilitation
Special Account - US$2 - 3 million
• Budget (2006)
– Administration – US$2.2 Million
– Operational – US$2 Million
– Trade and Investment Liberalization and Facilitation
Project Special Account – US$5 Million
– APEC Support Fund – US$779,000
Further Information
APEC Website - www.apec.og
APEC Secretariat
35 Heng Mui Keng Terrace,
Singapore 119616,
Telephone: (65) 6775 6012
Fax: (65) 6775 6013,
Email: [email protected]
APEC Information and
Management Portal
Benefits of the ACMS
Simpler
for you to keep up-to-date on
forum issues
Allows
you to be an active participant,
even if you cannot attend a meeting
Reduces
the number of bulky e-mails
clogging your in-box
Easier
for new members to become
acquainted with issues
Easier
to share information and
coordinate between APEC fora
AIMP Structure
APEC Information Management Portal (AIMP)
AIMP
APEC Collaboration
and Meeting System
(ACMS)
Less Paper
Meeting System
(LPMS)
Meeting Document
Database
(MDB)
Project Database
(PDB)
AIMP
Coming Soon