Taking into consideration global needs for new sources of energy to meet the growing industrial and household demands in the midst of rising energy costs and diminishing fossil fuels, it is imperative that PECC economies invest more in developing and optimizing new types of energy. It is one of top priorities for PECC economies to explore the most efficient ways of ensuring smooth transition from fossil fuels to renewable and sustainable energy. Lessons can be learnt by sharing how PECC economies are transitioning from being high energy consumers to becoming more eco-friendly and energy-efficient.
The project aims to design the framework for new economic models that will make way for smooth energy transition; it will bring together the energy-exporting and importing economies, energy producers or distributors as well as energy-related policymakers. It will put into perspective new initiatives and strategies designed to facilitate energy transition that will be critical to achieving su...
From roughly 2001 till the onset of the Global Financial Crisis, commodity prices boomed largely as a result of the rapid increase in demand associated with robust growth in emerging markets. While nominal global GDP grew by 8% annually between 1964 and 2011, total commodity trade for the major minerals and metals grew significantly faster, at an annual 11%. In the more recent period 2004 to 2011, the trade value for primary commodities grew by 18% while nominal global GDP grew by 7%.
This boom was largely led by Asia’s fast-growing economies which have driven and most likely will continue to drive extractive industry markets, especially for energy, in the coming decades.
In this context, what are the key policy issues for exporting and importing economies of the products of the extractive ...
State of the Region 2014-2015 report was released on the 7th November 2014 during the APEC Leaders' Week in Beijing through a press conference. The briefing was given by: Mr. Eduardo Pedrosa, Secretary General of PECC and Coordinator of the Report; Mr. Jusuf Wanandi (Indonesia), co-chair of PECC; and Ambassador Don Campbell (Canada), co-chair of PECC.
The State of the Region report is the flagship annual publication of PECC. It includes a survey of opinion-leaders on the priorities for Asia-Pacific cooperation and this year, 602 participated in the survey. A special chapter was dedicated to study the different pathways underway towards the creation of an FTAAP (Free Trade Area of the Asia-Pacific) including the Trans-Pacific Partnership (TPP) and the Regional Comprehensive Economic Partnership (RCEP), and their relationship to APEC membership.
The Asia-Pacific...Read more...
This year marks the 25th anniversary of APEC and the 20th anniversary of the Bogor Goals. As a champion of regional economic cooperation and a founding partner of APEC, PECC has an important role to play in helping the APEC policy making process by providing proactive policy advice and support.
This year's APEC theme is "Shaping the future through Asia-Pacific partnership" under which China has identified three priorities: 1) Advancing regional economic integration; 2) Promoting innovative development, economic reform, and growth; and 3) Strengthening comprehensive connectivity and infrastructure development. In support of these APEC priorities set out by China, PECC organized its 22nd General Meeting in Beijing just two months ahead of the APEC Leaders' Week. This lead time provided a unique opportunity for PECC members and the invited public audience to provide intellectual input to this year's APEC process and beyond. It also served as a good opportunity to take a close look ...Read more...
In 2010, after three years of internal study and debate by officials and ministers, APEC leaders committed to taking 'concrete steps toward realization of a Free Trade Area of the Asia-Pacific (FTAAP).' Furthermore, they stated that 'an FTAAP should be pursued as a comprehensive free trade agreement by developing and building on ongoing regional undertakings, such as ASEAN+3, ASEAN+6, and the Trans-Pacific Partnership (TPP), among others.' China, as the host for APEC has chosen the goal of advancing regional economic integration as one of its major themes for 2014.
In conjunction with the 22nd General Meeting held in Beijing, PECC organized a high-level roundtable on the topic. The purpose of this workshop was to discuss the current literature on global value chains (GVCs) and regional trade agreements and how these might lead to shaping the future development of an FTAAP.
Keynote speech was delivered by Dr. Bayu Krishnamurti, Vice Minister of Trade of Indonesia. Mr. Chen Chao, the D...Read more...
PECC Statement for APEC Ministerial Meeting 2014 | Beijing, China | November 2014
PECC Update for APEC CSOM 2014 | Beijing, China | November 2014
Executive Summary from Energy Transition Seminar | Santiago, Chile | June 2014
PECC Update for APEC SOM3 | Beijing, China | August 2014
PECC Statement for APEC Ministers Responsible for Trade (MRT) | Qingdao, China | 18 May 2014
State of the Region 2013-2014 (pdf, 3MB)
Vancouver Statement, 21st PECC General Meeting, 3-5 June 2013
India into APEC: Three APEC reasons why
Malcolm Cook, Senior Fellow, Institute of Southeast Asian Studies