Transcript Inside APEC August 8 2010 Presented by: Hong Kong.China.Hawaii Chamber of Commerce (HKCHcc) Name : Johnson W K Choi Title: President Copyright © 2010 APEC.

Inside APEC
August 8 2010
Presented by: Hong Kong.China.Hawaii Chamber of Commerce (HKCHcc)
Name : Johnson W K Choi
Title: President
Copyright © 2010 APEC Secretariat
Introducing APEC
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Inside APEC
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APEC Member Economies
APEC Official Observers
• Association of South East Asian Nations (ASEAN) Secretariat
• Pacific Economic Cooperation Council (PECC)
• Pacific Islands Forum (PIF)
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Inside APEC
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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 favourable and sustainable business
environment. Our initiatives turn policy goals into concrete
results and agreements into tangible benefits.
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Inside APEC
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APEC’s Economic Significance
World 6.7 billion
World US$40 trillion
World US$61 trillion
APEC 2.7 billion
APEC US$17 trillion
APEC US$32 trillion
Source: Department of Trade and Foreign Affairs, Australia (2009), "The APEC Region Trade and Investment 2009”
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Inside APEC
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Economic Indicators
Area; Population; GDP (current prices); GDP per capita
Source: Economic Fact Sheets, http://www.dfat.gov.au/geo/fs
Exports and Imports
Source: The APEC Region Trade and Investment 2009
* From 2008, Exports and Imports include goods and services trade
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Inside APEC
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APEC Economic Data
Source: Department of Trade and Foreign Affairs, Australia (2009), "The APEC Region Trade and Investment 2009”
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Inside APEC
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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
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Inside APEC
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Scope of Work
1. Trade and Investment Liberalisation
2. Business Facilitation
3. Economic and Technical Cooperation
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Inside APEC
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Implementation
• Osaka Action Agenda
• Individual Action Plans
• Collective Action Plans
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Expanded Scope
• Human Security
• Emergency Preparedness
• Climate Change
• Structural Reform
• Free Trade Area of the Asia-Pacific
• New Growth Strategy
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Inside APEC
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How APEC Operates
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Inside APEC
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APEC Secretariat
• APEC Secretariat established in 1993
• Headed by Executive Director,
Ambassador Muhamad Noor
• Support units include:
- Communications
- Finance
- Information Technology
- Project Management Unit
- Policy Support Unit
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Inside APEC
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APEC Host Economies
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Inside APEC
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Benefit of Liberalisation
• Increases trade and contributes to longterm regional economic development and
integration
• Opens markets, increases competition
and innovation, and lowers production
and transaction costs
• Increases employment, access to
technology, standards of living and
product choice and lowers prices
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Inside APEC
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APEC Achievements
Barriers to Trade
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Inside APEC
Business Transaction Costs
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APEC Achievements
GDP per capita, PPP
Source: Department of Trade and Foreign Affairs, Australia (2009), "The APEC Region Trade and Investment 2009”
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Inside APEC
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APEC and the Business Community
APEC makes doing business • cheaper
• easier
• more predictable
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Inside APEC
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APEC and the Business Community
• Industry Dialogues
• APEC Business Advisory Council
• APEC CEO Summit
• APEC Business Travel Card
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Inside APEC
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2010 Priorities
APEC 2010 Theme: “Change and Action”
• Regional Economic Integration
• New growth strategy
- Inclusive growth
- Sustainable growth
- Balanced growth
- Knowledge-based growth
• Human Security
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Inside APEC
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Further Information
APEC Website - www.apec.org
APEC Secretariat
35 Heng Mui Keng Terrace
Singapore 119616
Telephone: (65) 6891 9600
Fax: (65) 6891 9690
Email: [email protected]
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Inside APEC
Copyright © 2010 APEC Secretariat