Inside APEC [Date] XX XX XXXX Presented by [Name] [Title] Copyright © 2013 APEC Secretariat Introducing APEC Copyright © 2013 APEC Secretariat APEC Member Economies APEC Official Observers • Association of South East Asian Nations (ASEAN) Secretariat • Pacific Economic Cooperation Council (PECC) • Pacific Islands Forum (PIF) Copyright © 2013 APEC Secretariat APEC’s Economic Significance World 6.8 billion World US$38 trillion World US$58 trillion APEC 2.7 billion APEC US$17 trillion APEC US$32 trillion Source: StatsAPEC, Key Indicators Database. Copyright © 2013 APEC Secretariat APEC’s Mission Statement APEC is the premier Asia-Pacific economic forum. Our primary goal is to support sustainable economic growth and prosperity in the Asia-Pacific region. We are united in our drive to build a dynamic and harmonious Asia-Pacific community by championing free and open trade and investment, promoting and accelerating regional economic integration, encouraging economic and technical cooperation, enhancing human security, and facilitating a favorable and sustainable business environment. Our initiatives turn policy goals into concrete results and agreements into tangible benefits. Copyright © 2013 APEC Secretariat Benefit of Liberalization Citizen Perspective Increases product choice; lowers prices; raises standards of living and stimulates employment Business Perspective Opens markets, increases competition and innovation, and lowers production and costs Economy Perspective Increases trade, contributes to economic development and regional integration Copyright © 2013 APEC Secretariat APEC’s Development 1989-1992 Ministerial level dialogue 1993 First APEC Economic Leaders’ Meeting 1994 “Bogor Goals of free and open trade and investment in the Asia-Pacific” by 2010 for industrialised economies by 2020 for developing economies Copyright © 2013 APEC Secretariat APEC’s Achievements Average tariffs have fallen in the APEC region between 1989-2010 Copyright © 2013 APEC Secretariat APEC’s Achievements Trade transaction costs in APEC region 5% reduction (2007-2010 period) US$58.7 billion in savings Copyright © 2013 APEC Secretariat APEC’s Progress 5-fold increase in APEC members’ total trade Between 1989 and 2010 from US$3.1 trillion to $16.8 trillion Employment in APEC economies – 10.9%h Poverty in APEC region - 44% i Source: StatsAPEC, Key Indicators Database; World Bank, World Development Indicators. Copyright © 2013 APEC Secretariat APEC’s Three Pillars 1. Trade and Investment Liberalization Tariff and non-tariff barriers Regional economic integration 2. Business Facilitation Ease of Doing Business Structural reform Supply chain connectivity 3. Economic and Technical Cooperation Capacity building Copyright © 2013 APEC Secretariat APEC and Capacity Building Economic and Technical Cooperation (ECOTECH) Narrow gap between developing and industrialized economies 1,600 Capacity Building Projects since 1993 Workshops and seminars for government officials, businesses and individuals Conducted by APEC Working Groups and Task Forces – Telecommunications – Mining – Human Resources Development – Emergency Preparedness Copyright © 2013 APEC Secretariat Implementation Osaka Action Agenda Individual Action Plans Collective Action Plans Copyright © 2013 APEC Secretariat APEC’s Expanded Scope Counter-terrorism Health pandemics Emergency preparedness Climate change mitigation Copyright © 2013 APEC Secretariat APEC and Structural Reform Structural Reform Efforts in APEC Leaders’ Agenda to Implement Structural Reform (LAISR) APEC New Strategy for Structural Reform (ANSSR) 1. 2. 3. 4. 5. Regulatory reform Competition policy Public sector governance Corporate governance Strengthening economic and legal infrastructure Promote balanced and sustainable growth Foster transparency, competition and better functioning markets Enhance opportunities for women Emphasize education, SME development Copyright © 2013 APEC Secretariat APEC and the Business Community APEC makes doing business: Cheaper Easier More predictable Copyright © 2013 APEC Secretariat How APEC Operates Copyright © 2013 APEC Secretariat APEC and the Business Community Industry Dialogues APEC Business Advisory Council APEC CEO Summit APEC Business Travel Card Copyright © 2013 APEC Secretariat APEC Secretariat APEC Secretariat established in 1993 Headed by Executive Director, Dr. Alan Bollard Support units include: - Communications - Finance - Information Technology - Project Management Unit - Policy Support Unit Copyright © 2013 APEC Secretariat APEC Host Economies YEAR MEMBER ECONOMY LEADERS’ MEETING VENUE 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 1998 1997 1996 1995 1994 1993 Indonesia Russia United States Japan Singapore Peru Australia Vietnam Korea Chile Thailand Mexico China Brunei Darussalam New Zealand Malaysia Canada Philippines Japan Indonesia United States Bali Vladivostok Honolulu Yokohoma Singapore Lima Sydney Hanoi Busan Santiago Bangkok Los Cabos Shanghai Bandar Seri Bengawan Auckland Kuala Lumpur Vancouver Subic Osaka Bogor Blake Island, Seattle Copyright © 2013 APEC Secretariat APEC Indonesia 2013 “Resilient Asia-Pacific, Engine of Global Growth” I. Attaining the Bogor Goals II. Achieving Sustainable Growth with Equity III. Promoting Connectivity Copyright © 2013 APEC Secretariat Connect with APEC Visit us at www.apec.org Find us on Facebook page www.facebook.com/APECnews Follow us on Twitter www.twitter.com/@followAPEC Copyright © 2013 APEC Secretariat