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APEC Forum : 

APEC Forum Asia Pacific Economic Co-operation

APEC Forum : 

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

Birth of APEC 1989 : 

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

Expansion of APEC 1991-1998 : 

Expansion of APEC 1991-1998 1991: China, Taiwan, & Hong Kong 1993: Mexico & Papua New Guinea 1994 Chile 1998 Russia Vietnam Peru

APEC Members : 

APEC Members APEC has 21 “member economies” a population of over 2.6 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

Host Economy : 

Host Economy 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

APEC Secretariat : 

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

Policy Development : 

Policy Development 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., energy, env., fin., HR, sci-tech, sme, t.t.

Leaders’ Meetings : 

Leaders’ Meetings Held annually since 1993 1993, Blake Island, Seattle, US APEC Leaders Economic Vision Statement

``Bogor Goals” : 

``Bogor Goals” APEC Economic Leaders' Declaration Of Common Resolve (1994) Free and open trade and investment in the Asia-Pacific by 2010 for developed economies by 2020 for developing economies

``Three Pillars” : 

``Three Pillars” 3 specific areas crucial to achieving the Bogor Goals: Trade and investment liberalization Business facilitation Economic and technical cooperation

``Three Pillars” : 

``Three Pillars” 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

``Three Pillars” : 

``Three Pillars” 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

``Three Pillars” : 

``Three Pillars” 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

Leaders’ Meetings : 

Leaders’ Meetings 1995, Osaka, Japan Osaka Action Agenda concerted unilateral liberalization 1996, Subic, the Philippines Manila Action Plan all members submitted individual action plans

Individual Action Plans : 

Individual Action Plans Simultaneous start APEC economies began simultaneously the process of liberalization, facilitation, and cooperation Continuous process APEC economies continuously contribute to the long-term goal of free and open trade and investment Differentiated timetables

Leaders’ Meetings (‘97-‘00) : 

Leaders’ Meetings (‘97-‘00) Reaffirm ``Bogor Goals” Asian Financial Crisis

Shanghai, 2001 : 

Shanghai, 2001 2001, Shanghai, China ``Meeting New Challenges In The New Century” APEC Leaders Statement on Counter-terrorism

Leaders’ Meetings 2002-2009 : 

Leaders’ Meetings 2002-2009 2002: Los Cabos, Mexico 2003: Bangkok, Thailand 2004: Santiago, Chile 2005: Busan, South Korea 2006: Hanoi, Vietnam 2007: Sydney, Australia 2008: Lima, Peru

Weaknesses of APEC : 

Weaknesses of APEC Decision making by consensus No mechanism for enforcement Absence of priorities Lack of linkage to funding agencies