APEC Policy Priorities

 

Since its inception, APEC has worked to reduce tariffs and other trade barriers across the Asia-Pacific region, creating efficient domestic economies and dramatically increasing exports. Key to achieving APEC's vision are the 'Bogor Goals' – of free and open trade and investment in the Asia-Pacific, by 2010 for industrialised economies, and 2020 for developing economies. These goals were adopted by Leaders at their 1994 meeting in Bogor, Indonesia.

The belief that free and open trade and investment helps economies to grow, creates jobs and provides greater opportunities for international trade and investment, underpins the policy priorities of APEC’s work.  APEC also works to create an environment for the safe and efficient movement of goods, services and people across borders in the region through policy alignment and economic and technical cooperation.

 

Priorities for Philippines APEC 2015 - “Building Inclusive Economies, Building A Better World”

During an informal preparatory meeting of APEC Senior Officials in Manila in early December 2014, Philippines laid out the theme and the priorities of APEC Philippines 2015. Philippines emphasizes the importance of Asia Pacific region to forge resilient and inclusive growth for all. As APEC host in 2015, Philippines proposes three key priorities under the broad theme of “Building Inclusive Economies Building A Better World”,

  • Enhancing Regional Economic Integration

  • Fostering SME's Participation in the Regional and Global Economy

  • Investing in Human Capital Development

  • Building Sustainable and Resilient Communities
     

Source: APEC.


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Previous APEC Theme and Policy Priorities


APEC Host Economies Theme and Policy Priorities
Japan 2010 “Change and Actions”

·         Regional Economic Integration
·         New Growth Strategy
·         Human Security/Secure APEC
 
USA 2011 “Toward a Seamless Regional Economy”

·         Strengthening Regional Economic Integration
.         Expanding Trade;
·         Promoting Green Growth; 
·         Expanding Regulatory Cooperation
.         Advancing Regulatory Convergence
 
Russia 2012 “Integrate to Grow, Innovate to Prosper”

·         Liberalizing trade and investment &
.         Expanding Regional economic integration
·         Strengthening Food Security;
·         Establishing Reliable Supply Chains; and
·         Fostering Innovative Growth.
 
Indonesia 2013 ·         Attaining the Bogor Goals
·         Sustainable growth with equity
·         Connectivity
 
China 2014 “Shaping the Future through Asia-Pacific Partnership”

·         Advancing regional integration
·         Promoting innovative development, economic reform and growth
·         Strengthening comprehensive connectivity & infrastructure development
 
Philippines 2015 Building inclusive economies, building a better world
·         Enhancing Regional Economic Integration
·         Fostering SMEs’ Participation in the Regional and Global Economy
·         Investing in Human Capital Development
·         Building Sustainable and Resilient Communities





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Key Issues in the year ahead:

  • Services liberalisation: several global /regional initiatives being advocated
  • Foreign Investment liberalisation
  • Supply chain choke points: Global Data Standards and  Connectivity
  • Infrastructure development (APIP)
  • Asia Pacific Finance Forum - APFF
  • Supporting SME development and women’s empowerment
  • Environment and sustainability
  • Sustainability: Food Security, technology, energy
  • New issues: labour mobility, blue economy, health, education



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