Transcript 슬라이드 1 - Yonsei
APEC
ASIA PACIFIC ECONOMIC COOPERATION
GROUP 4 Euree Paik, Sylvie Park, Yoon Hee Hwang, Sinikka, Han Ju Yi, Amelie Michele
Table of Contents
What is APEC Goal Operation Structure History Achievements Topics of Interest-APEC Project Involvement Criticisms Conclusion 17 May 2006 GROUP 4 - APEC 2
Asia-Pacific Economic Cooperation
APEC is….
The largest international organization in the Asian Pacific region formed in 1989 Forum to promote economic growth in the Asia-Pacific region Aims to reduce region wide barriers to trade and investment Aims to foster long-term cooperation in the region 17 May 2006 GROUP 4 - APEC 3
APEC Overview
Formed in 1989 Currently 21 member economies Goal to promote economic growth Population of 2.5 billion Cumulative GDP of $19 trillion (USD) 47% of world trade 17 May 2006 GROUP 4 - APEC 4
Member Economies
21 “member economies”- includes political entities
- Australia, Brunei Darussalam, Canada, Chile, China, Hong Kong, Indonesia, Japan, the Republic of Korea, Malaysia, Mexico, New Zealand, Papua New Guinea, Peru, the Philippines, the Russian Federation, Singapore, Chinese Taipei (Taiwan), Thailand, the United States of America, Viet Nam
Binds three major trading blocs -Asia, Oceania, America
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Map of APEC
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Policy Goals
1994, Borgor, Indonesia
“Borgor Goals”: free and open trade and investment in the Asia-Pacific by - 2010 for industrialized economies - 2020 for developing economies. 17 May 2006 GROUP 4 - APEC 7
Operation
Multilateral economic and trade forum
21 member economies take turns hosting the APEC forum annually - the host at the meeting also serves as a chair of APEC
Small contributions are made by member countries - special fundings are available on project basis 17 May 2006 GROUP 4 - APEC 8
Operation Cont’d
Unique Features:
APEC requires no treaty obligation from the member economies Decisions are reached by consensus Commitments are undertaken voluntarily by member countries
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Three Levels of Operation
Policy Level
annual economic leaders meetings – goals for the following year
based on reports and recommendations, create “Leaders Declaration”
Working Level
Action Plan Level
project coordination based on the annual agenda and policy goals
Senior Official Meetings (usually quarterly)
monitor projects and funding Each and every member economy is responsible to work in the promotion of economic growth by participating in:
Individual Action Plans
Collective Action Plans 17 May 2006 GROUP 4 - APEC 10
Structure
Leaders’ Meeting APEC Business Advisory Council Sectoral Ministerial Meetings Ministerial Meeting Senior Officials Meeting (SOM) APEC Secretariat Committee on Trade & Investment (CTI) Budget & Management Committee (BMC) SOM Committee on ECOTECH (ESC) Economic Committee (EC) 17 May 2006 GROUP 4 - APEC SOM Special Task Groups Working Groups (11) 11
APEC Timeline
1989 Canberra, Australia
begins as an informal ministerial group
1993 Blake Island, USA
APEC’s vision outlined
1994 Bogor, Indonesia
setting of “Bogor Goals”
1995 Osaka,Japan
OAA–framework for meeting the Bogor Goals 17 May 2006 GROUP 4 - APEC 12
Timeline cont’d
1996 Manila, Philippines
MAPA and ECOTECH established
1997 Vancouver, Canada
endorsing of EVSL & Individual Action Plans
2001 Shanghai, People’s Republic of China
Shanghai Accord & Security issues
2003 Bangkok, Thailand
Health Security Issues included 17 May 2006 GROUP 4 - APEC 13
Achievements
Exports increased by 113 %
FDI grew by 210 % and by 475 % in lower income member countries
Gross Domestic Product grew by a third
As a result of strong economic performance Poverty in East Asian members fell by a third 17 May 2006 GROUP 4 - APEC 14
Topic of Interest 1
APEC Social Safety Net Capacity Building Network (APEC SSN CBN)
Issue of the social dimension
strengthen social safety net in the Asia Pacific Region
equitable distribution of benefits of globalization 17 May 2006 GROUP 4 - APEC 15
Topic of Interest 2
Agriculture
Agricultural Technical Cooperation Experts’ Group (ATCEG)
promotes agricultural technical
cooperation between APEC member economies incorporates work of the FEEEP program 17 May 2006 GROUP 4 - APEC 16
Topic of Interest 3
Counter Terrorism
APEC Counter Terrorism Action Plans (CTAPs)
identify capacity and gaps in
regional security frameworks encourage implementation measures to combat terrorism 17 May 2006 GROUP 4 - APEC 17
APEC’s Criticisms
Excessive Diversity of Member States
impediment to coalition/integration
Defect of Key Principles -open regionalism -voluntarism 17 May 2006 GROUP 4 - APEC 18
Concluding Remarks
APEC is an
essential forum
has positive impacts on trade liberalization.
that clearly
Continuous improvement
in weak areas is needed to move
a step closer to the Bogor goals.
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QUESTIONS?
Thank you everyone… We now welcome any comments or questions you may have…. ^-^ 17 May 2006 GROUP 4 - APEC 20