Following up from the inaugural seminar on Managing the Blue Economy international project held in Papeete, French Polynesia, the second seminar, which will focus on ports and sustainability will be held in Busan, Korea in partnership with the Korea Maritime Institute (KMI). The seminar will address environmental challenges and risks such as climate change concerns and pollution at ports. It will also look at economic challenges in light of increasing size in vessels which necessitate upgrading of ports, concerns over potential feederization or marginalization of small to medium-sized ports, best practices in increasing energy efficiency at ports while keeping them green. From the policy perspective, we will also be looking at what the local authorities, governments, and international organizations could do better in lights of these fast-paced developments.
This project consisting of a series of three seminars in different PECC locations over 2015-2016 is led by the France (Pacific Te...Read more...
The Asia-Pacific Leaders gathered in Manila for the annual summit should focus their discussions on ways to ensure that more people are part of growth in the region, according to PECC survey of opinion-leaders, results of which were released at a press briefing on November 16th 2015 in Manila, during the APEC Leaders' Week. According to the State of the Region 2015-2016 report, the region will grow at 3.2 percent this year, the slowest rate since the Global Financial Crisis of 2008-2009.
According to Asia-Pacific opinion-leaders who participated in the annual PECC survey, the top five risks to growth in the region are:
- A slowdown in the Chinese economy
- Failure to implement structural reforms;
- Lack of political leadership;
- A slowdown in the US economy; and
- Lack of adequate infrastructure.
The PECC annual survey was conducted during 21 September-16 October 2015, drawing responses from 710 individuals.
Some key questions covered in the survey were:
1) What are the biggest risks...Read more...
Developments of ports and of new maritime routes are ways to better link economies of PECC and enhance connectivity that facilitates regional and international trade. In the past recent years, maritime trade has been growing, to and from PECC economies in the Asia- Pacific, for reasons of reliability, efficiency, and lower costs.
This PECC international project aims to contribute to regional policy dialogues on improving connectivity, sustainability and mutual growth for the PECC economies on both sides of the Pacific that are seeking to develop new routes and enhance port operations to meet the increasing demand for maritime trade through the Pacific and Indian Oceans.
Representatives from government agencies, relevant institutions and businesses from PECC economies, who are responsible for the development of maritime trade in the Asia-Pacific region such as sea transport companies, port operators, designers and builders of vessels, dredging and port construction companies, ha...Read more...
The Asia-Pacific is forecast to grow by 3.2 percent in 2015, the lowest level since the Global Financial Crisis before returning to what has become the ‘new normal’ growth of around 3.4 to 3.5 percent. Growth for both advanced and emerging economies in the region is significantly lower than before the crisis years, indicative of the important structural changes taking place both within regional economies as well as in the Asia-Pacific region as a whole.
Several initiatives are under way that could help to boost growth including the launching of the Asian Infrastructure Investment Bank (AIIB), the Trans-Pacific Partnership (TPP), and the Regional Comprehensive Economic Partnership (RCEP). However, much more is needed. Increasingly, economies aspire to, and demand, growth that is sustainable and inclusive. This raises the very real question of where such growth will come from. As tariffs, quotas and other trade barriers have fallen with trade liberalization, the focus...Read more...
At the last Standing Committee Meeting held in Manila, Philippines on September 10th 2015, Ambassador Tang Guoqiang of the China Committee for PECC (CNCPEC) was elected the new Co-chair of PECC to serve for three years alongside Ambassador Don Campbell of Canada committee for PECC (CANCPEC) who was re-elected for another term of three years.
Amb. Tang Guoqiang has been Chair of CNCPEC starting May 2012. Amb. Tang served on many of China’s diplomatic posts, including Ambassador of PRC accredited to the Czech Republic and to Norway. He was also Head of the Chinese mission to the United Nations and other international organizations in Vienna. He also served as Deputy Commissioner at the Commissioner’s Office of China’s Ministry of Foreign Affairs in Hong Kong. Amb. Tang is a native of Shanghai and has entered the Ministry of Foreign Affairs in 1974.
Mr. Jusuf Wanandi has stepped down as Co-chair after two terms.Read more...
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