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Asia-Pacific Economic cooperation

About APEC

How APEC Operate

APEC Secretariat

Policy Support Units

REFERENCE

About APEC
History Mission Statement Member Economics Achievements and Benefits

APEC Member Economies HISTORY

The idea of APEC was firstly publicly broached by former Prime Minister of Australia, Mr Bob Hawke, during a speech in Seoul, Korea in January 1989. Later that year, 12 Asia-Pacific economies met in Canberra, Australia to establish APEC. The founding members were: Australia, Brunei Darussalam, Canada, Indonesia, Japan, Korea, Malaysia, New Zealand, the Philippines, Singapore, Thailand and the United States.

About APEC

Asia-Pacific Economic cooperation

APEC Member Economies 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. About APEC
Asia-Pacific Economic cooperation

APEC Member Economies Economies Member of APEC

APEC Official Observers

Association of South East Asian Nations (ASEAN) Secretariat Pacific Economic Cooperation Council (PECC) Pacific Islands Forum (PIF)

About APEC

Asia-Pacific Economic cooperation

APEC Member Economies Achievements

Average tariffs have fallen in the APEC region between 1989-2010

About APEC

Asia-Pacific Economic cooperation

APEC Member Economies Achievements

5% reduction (2007-2010 period) US$58.7 billion in savings

About APEC

Asia-Pacific Economic cooperation

APEC Member Economies Benefits

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

About APEC

Asia-Pacific Economic cooperation

How APEC Operate

Scope of Work Structure Action Plan

APEC Member Economies Scope of Work

Asia-Pacific Economic Cooperation (APEC) works in three broad areas to meet the Bogor Goals of free and open trade and investment in the Asia-Pacific by 2010 for industrialized economies and 2020 for developing economies. Known as APEC's 'Three Pillars', APEC focuses on three key areas:
Trade and Investment Liberalization Business Facility Economic and Technical Cooperation

How APEC Operation

Asia-Pacific Economic cooperation

APEC Member Economies Structure

How APEC Operation

Asia-Pacific Economic cooperation

APEC Member Economies Action Plan

Osaka Action Agenda

Individual Action Plans Collective Action Plans

How APEC Operation

Asia-Pacific Economic cooperation

APEC Secretariat

APEC Member Economies 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

APEC Secretariat

Asia-Pacific Economic cooperation

Policy Support Units

Background Vision, Mission & Objective

APEC Member Economies Background

In September 2007, APEC Ministers agreed to establish the APEC Policy Support Unit (PSU) - a research and analysis arm for APEC. To be attached to the APEC Secretariat, the unit will be funded by voluntary contributions and overseen by a governance board. The PSU became operational in 2008, and operates under a set of governance arrangements. Its mandate has been extended until the end of 2020 following the agreement of the APEC Ministers at the 2012 APEC Ministerial Meeting.

Policy Support Units

Asia-Pacific Economic cooperation

APEC Member Economies Vision, Mission & Objective

The PSU is guided by the vision to be recognized as an integral part of the APEC architecture and highly respected source of policy research and analysis, contributing to APECs goal of supporting sustainable economic growth and prosperity in the Asia-Pacific region. Its mission is to be policy research and analysis arm of APEC comprising openly recruited professionals working together with APEC Senior Officials, committees and fora, in improving the quality of their deliberations and decisions and promoting policies that support the achievement of APECs goals, by providing objective and high quality research, analytical capacity and policy support capability. Policy Support Units
Asia-Pacific Economic cooperation

APEC Member Economies Vision, Mission & Objective

The objectives are to: (a) provide robust research and analysis to support APEC fora and members so that policy development is evidence-based, internal capacities are enhanced, and implementation of policy measures can be evaluated; (b) strengthen engagement and research collaboration with international and regional organizations; and (c) communicate policy research and analytical outcomes to key APEC stakeholders.

Policy Support Units

Asia-Pacific Economic cooperation

Reference
APECs Second Trade Facilitation Action Plan www.apec.org Facebook page www.facebook.com/APECnews

Twitter www.twitter.com/@followAPEC