Inside APEC11 January 2006APEC Secretariat

Presented by

Anita DouglasCommunications & Public Affairs Director, APEC Secretariat

Introducing APEC

(Source:World Bank’s World Development Indicators (Online); DFAT's "The APEC Region Trade and Investment" 2004 and 2005; and United Nations Monthly Bulletin of Statistics )

The Asia-Pacific Economic Cooperation (APEC) forum is the world’s largest cooperative economic forum with its Member Economies accounting for

56% of world GDP, 41% of the world’s population, and 48% of world trade.

APEC’s Economic Significance

World: 6.35 billion

APEC 2.62 billionWorld US$41 trillion

APEC US$23 trillion

Source: World Bank’s World Development Indicators (Online); DFAT's "The APEC Region Trade and Investment" 2004 and 2005; and United Nations Monthly Bulletin of Statistics

World US$17 billion

APEC US$8 billion

In the first 10 years of APEC -

(Source: Mid-term Stocktake and 1994- 2004 The First Decade Since Bogor: A Business Assessment of APEC’s Progress by the APEC Business Advisory Council (ABAC))

• 195 million new jobs were created, including 174 million in lower income economies

• 165 million people in the region were lifted out of poverty

Since the Bogor Declaration -

• Average tariffs declined from 12% in 1995 to 5.5% in 2004

• All developed Member Economies but one now have average tariffs of less than 5%

Benefits of Liberalisation to the Region

Trade and Investment Barriers have Fallen

(Source: Mid-term Stocktake and 1994- 2004 The First Decade Since Bogor: A Business Assessment of APEC’s Progress by the APEC Business Advisory Council (ABAC))

• Almost 50% of all tariff lines in APEC have fallen below 5 %

• FDI outflows from the APEC region more than doubled from 1989 to 2003

Strengthening the Multilateral Trading System

• By 2005, 53 RTA/FTAs entered into force• Advancing the WTO’s Doha Round

Mid-term Stock-take

APEC Member Economies

APEC Official Observers• Association of South East Asian Nations (ASEAN) Secretariat• Pacific Economic Cooperation Council (PECC)• Pacific Islands Forum (PIF)

Key Economic Indicators

Source: 1. The Economist: Pocket World in Figures: 2005 Edition

2. The APEC Region Trade and Investment 2004

APEC Economic Data

Source: Exports and Imports Data - DFAT's "The APEC Region Trade and Investment" 2004 and 2005 GDP - World Bank's World Development Indicators (Online)

Aim and Goals

Free and Open Trade and Investment in the Asia-Pacific by 2010 for Industrialised Economies and 2020 for Developing Economies

Aim

Bogor Goals

To Advance Economic Dynamism and Sense of Community with the Asia-Pacific Region

Scope of Work

• Trade and Investment Liberalisation

• Business Facilitation

• Economic and Technical Cooperation

• New Challenges– Addressing the Security Agenda– Addressing Pandemic Health Threats– Addressing Sub-regional Trading Arrangements– Reforming APEC

Key Action Plans

• Osaka Action Agenda

• Individual Action Plans

• Collective Action Plans

Development Process

• Foundation Period (1989 -1992)

– Informal Ministerial-Level Dialogue

– Agreement on Modus Operandi

• Vision Setting (1993-1995)

– First Economic Leaders’ Meeting

– Bogor Goals of Free and Open Trade and Investment

– Osaka Action Agenda Framework for Meeting the Bogor Goals

• Action Planning (1996-2000)

– Collective and Individual Action Plans– Action Plan for the New Economy

• New Courses (2001 – Present)

– Shanghai Accord – Counter-Terrorism– Busan Roadmap

APEC’s Structure

APEC Host Economics

How APEC Operates

Policy Level –

• Economic Leaders’ Meeting

• Ministerial Meeting

• Sectoral Ministerial Meetings

• APEC Business Advisory Council

How APEC Operates

Working Level -

• Senior Officials’ Meeting

• Committee on Trade and Investment

• SOM Steering Committee on Economic and

Technical Cooperation

• Economic Committee

• Budget and Management Committee

Stakeholder Participation

• Business

• Academic and Research Institutions

• Women

APEC Secretariat

• 1989/93 – Administration and Support Functions by Economies.

• 1993 – Permanent Secretariat Established in Singapore with Staff of 12.

• Trade and Investment Liberalization and Facilitation Special Account - US$2 - 3 million

• Budget (2006) – Administration – US$2.2 Million

– Operational – US$2 Million

– Trade and Investment Liberalization and Facilitation Project Special Account – US$5 Million

– APEC Support Fund – US$779,000

Further Information

APEC Website - www.apec.og

APEC Secretariat

35 Heng Mui Keng Terrace,

Singapore 119616,

Telephone: (65) 6775 6012

Fax: (65) 6775 6013,

Email: info@apec.org

APEC Information and

Management Portal

Benefits of the ACMS

Simpler for you to keep up-to-date on forum issues

Allows you to be an active participant, even if you cannot attend a meeting

Reduces the number of bulky e-mails clogging your in-box

Easier for new members to become acquainted with issues

Easier to share information and coordinate between APEC fora

AIMP Structure

APEC Information Management Portal (AIMP)

AIMP

APEC Collaboration and Meeting System (ACMS)

Less Paper Meeting System (LPMS)

Meeting Document Database(MDB)

Project Database(PDB)

AIMP

Coming Soon