Transcript In your own words, describe the purpose of APEC.

In your own words, describe the
purpose of APEC.
• Assist with the reduction of tariffs and trade
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barriers
Promote free and open trade
Assist developing economies in the Asia Pacific
region.
Reducing production costs and lowering prices
Promote economic growth in region
Efficient movement of goods across borders
Policy alignment and economic and technical
cooperation.
Why is it important for Australia to
be involved in APEC?
• Helps our economy because of export and import
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opportunities.
75% of all Aust trade is with APEC members.
In Australia’s interest that economies and governments
of Asia Pacific remain stable (for our own security).
Through our links with Asia, Australia can benefit from
the economic growth of other economies (Japan and
China)
How does the Colombo Plan work?
• Agreement between countries in South East Asia.
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China, Sri Lanka, Canada, India, New Zealand,
Pakistan, Indonesia, USA, Thailand, Burma, Japan
among others
Developed nations within plan assist developing
nations to improve economies, establish aid links
and develop culture through education.
Sponsoring of South East Asian tertiary students
to come to learn in Australia. Indian students.
Raising the standard of living of developing
nations.
Read source 7.14. How has Australia
changed from its European influences since the time the
source was written?
• White Australia policy has been removed.
• Much more multicultural – this has
replaced the English model. There are
different ways of being Australian
• More accepting of multiculturalism. It is
common place in many parts of Aust not
just capital cities. People are catered for
ie ESL, websites in different languages
etc.
How has Australia’s involvement in the Asia Pacific region
(through its agreements) been a contributor to the
growth and stability of the region? Use your sources
and other information to provide examples.
• Australia has added a western style of governance
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and efficiency to the mix of how Asian countries
trade and are governed.
Greater communication between nations through
bilateral and multlateral agreements. APEC,
ASEAN, Colombo Plan and FTA’s.
Trade has improved Australia and other nations
economic conditions, standard of living and
security. Fewer restrictions to trade.
Peacekeeping: Connections with USA, UN, our
involvement and willingness to help with security
of nations has improved security in the region.