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Copyright © 2010 APEC Secretariat
APEC after Twenty:APEC after Twenty:Facilitating Trade and Creating GrowthFacilitating Trade and Creating Growthin the Asiain the Asia--Pacific RegionPacific Region
Presented byPresented by
Ambassador Ambassador MuhamadMuhamad NoorNoorAPEC Executive DirectorAPEC Executive Director
Copyright © 2010 APEC SecretariatPage 2 of 15
What is APEC?What is APEC?
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Why APEC MattersWhy APEC Matters
World 6.7 billion
APEC 2.7 billion
World US$40 trillion
APEC US$17 trillion
World US$61 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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APEC’s Vision
1994 Bogor Goals“Free and open trade and investment
in the Asia-Pacific”
By 2010 for Industrialised Economies By 2020 for Developing Economies
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APEC’s Three Pillars
1. Trade and Investment Liberalisation
2. Business Facilitation
3. Economic and Technical Cooperation
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APECAPEC’’s Achievements s Achievements
Average Tariffs Business Transaction Costs
Source: PSU (2010), “Progressing towards the APEC Bogor Goals, Perspectives of the APEC Policy Support.”
Copyright © 2010 APEC SecretariatPage 7 of 15
Rest of Rest of the Worldthe World APECAPEC
6155.06155.0 3290.93290.9 9053.39053.3 3950.33950.3
Source: StatsAPEC, Key Indicators Database; World Bank, World Development Indicators; Chinese Taipei, Directorate‐General of Budget, Accounting and Statistics (DGBAS).
GDP per capita (Constant 2000 USD)
Rest of Rest of the Worldthe World
APECAPEC’’s Achievements s Achievements
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Higher share of intra-regional trade than EU, NAFTA and ASEAN economies.
‐
10.0
20.0
30.0
40.0
50.0
60.0
70.0
APEC EU NAFTA ASEAN
67.0 65.1
39.4
25.3
Share of Intra‐Regional Trade (%)Exports + Imports ‐ Year 2009
APECAPEC’’s Achievements s Achievements
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Empirical research by the APEC Policy Support Unit:
APEC membership strong effect on trade
APEC economies more likely to export/import with members than non-members
Impact on trade comparable to FTA, even though members are not bound by treaty obligations
Source: APEC Policy Support Unit (H. Lee and J. Hur, 2009), “Trade Creation in the APEC Region: Measures of the Magnitude of and Changes in Intra‐Regional Trade since APEC’s Inception.”
APECAPEC’’s Achievements s Achievements
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Making TRADE an effective tool for development
APEC and Trade FacilitationAPEC and Trade Facilitation
Non-Rules Based ForumOpen environmentInnovative actions
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APEC and Trade FacilitationAPEC and Trade Facilitation
TFAP I5% reduction 2002-2006
TFAP II5% reduction 2007-2010
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APEC and Trade FacilitationAPEC and Trade Facilitation
Priority Areas for Trade Facilitation
Customs Procedures
Business Mobility
Standards and Conformance
Electronic Commerce
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APEC and Trade FacilitationAPEC and Trade Facilitation
SubSub--Committee on Customs Procedures (SCCP)Committee on Customs Procedures (SCCP)
Single Window Implementation GuideSingle Window Implementation GuideAuthorisedAuthorised Economic Operator (AEO) Action PlanEconomic Operator (AEO) Action Plan
SupplySupply--Chain Connectivity Framework Chain Connectivity Framework
Collaborate with business, academia, governmentCollaborate with business, academia, governmentTackle 8 Priority ChokepointsTackle 8 Priority Chokepoints
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APEC and Trade FacilitationAPEC and Trade Facilitation
Ease of Doing Business (Ease of Doing Business (EoDBEoDB) Action Plan) Action Plan25 percent cheaper, faster and easier by 201525 percent cheaper, faster and easier by 2015Interim 5 percent improvement by end of 2011Interim 5 percent improvement by end of 2011
APEC Business Travel Card (ABTC)APEC Business Travel Card (ABTC)PrePre--approved visa clearanceapproved visa clearanceExpedited airport processingExpedited airport processing
Electronic Commerce Steering Group (ECSG)Electronic Commerce Steering Group (ECSG)Individual Action Plans on Paperless TradingIndividual Action Plans on Paperless TradingBlueprint for Action on Electronic CommerceBlueprint for Action on Electronic Commerce
Copyright © 2010 APEC SecretariatPage 15 of 15
APECAPEC’’s Commitments Commitment