The Philippines, as the host of APEC in 2015, held the APEC Informal Senior Officials' Meeting (ISOM) in Manila on 8-9 December 2014 in preparation for the following year's agenda under the main theme of inclusive economic growth. On this occasion, PECC organized a media roundtable over lunch on the 12th that gathered foreign correspondents and local media representatives covering economic and trade news to discuss some of the issues on the APEC 2015 agenda and to gauge media's interest. Fact sheets on Free Trade Area of the Asia-Pacific (FTAAP) and a glossary of trade terms frequently used by PECC and APEC were distributed at the roundtable cum briefing. Undersecretary Laura Del Rosario, the Philippine senior official for APEC and incoming SOM chair from the Department of Foreign Affairs delivered opening remarks as the guest-of-honor and informed the media of the prioritized issues that were raised during the ISOM.
Ambassador Antonio Basilio (PPECC/ ABAC), Dr. Charles Mo...Read more...
The Singapore National Committee for Pacific Economic Cooperation (SINCPEC) and the Philippine Pacific Economic Cooperation Committee (PPECC) were the co-organizers of annual Singapore PECC conference, "Achieving Inclusive Economic Growth in the New Normal," in support of APEC 2015 chaired by the Philippines.
During the APEC Leaders’ Meeting held in Beijing in November 2014, key decisions were taken to make progress on key elements of the regional agenda, including on a Free Trade Area of the Asia-Pacific (FTAAP) and improving connectivity. The challenge is how regional economies can implement these plans to ensure that regional growth is not only sustainable but also inclusive.
The conference addressed the following themes through five plenary sessions:
1) Asia-Pacific Economic Cooperation in a Changing Global Context: Risks and Opportunities
2) Inclusive Growth: Building Capacity at Individual and Community Levels
3) Connectivity and Regional Economic I...
Australia has been a major Liquefied Natural Gas (LNG) exporter in the Asia Pacific region for over 25 years. Canada is currently looking to enter the Asian LNG market, with at least 18 LNG projects currently under proposal. In this report, N. Ross Lambie and R. Quentin Grafton review the challenges, risks, and opportunities experienced by the Australian LNG industry and the anticipated changes in the industry as more countries enter the market as exporters.
This report was prepared for the Asia Pacific Foundation of Canada in partnership with the Australian Pacific Economic Cooperation Committee (AUSPECC)
Prepared by: R. Quentin Grafton and N. Ross Lambie, Crawford School of Public Policy, The Australian National University
An expert on banking and financial intermediation, Professor John Kimball Dietrich (University of Southern California Marshall School of Business) has passed away on 25 January. Kim is survived by his wife, USC Marshall Professor Judith Blumenthal, two children, and five grandchildren. Kim was one of the pioneers in thinking about Asia-Pacific cooperation on financial policy issues bringing his considerable expertise on the development of the US financial markets to enrich discussions on the future of finance in Asia.
Kim’s style and knowledge were much appreciated at a time of great uncertainty following the Asian financial crisis, and his contributions focused on the development of debt capital markets provided a rich source of ideas influencing a future vision of the region. In particular, his work focused on trying to think of ways to improve sources of domestic funding for small and medium companies in the region to provide more stable sources of funding with exposure to the...
According to the State of the Region 2014-2015 report released from Beijing, China on November 7th 2014 during the APEC Leaders' Week, the region needs to undertake significant reforms over the coming months and years to maintain its strong growth. PECC’s annual survey of the regional policy community identified technological innovation; policy reform; trade (to both emerging and advanced economies); and investment in infrastructure as the future drivers of growth over the next 5-10 years. These engines are needed to replace the region’s reliance on exports as the primary engine of growth.
The most important factors identified by the annual PECC survey for future growth prospects of the region were: the success of structural reforms in China, further liberalization and improvements to the rule of law. These factors were echoed throughout the survey findings which placed a slowdown in the Chinese economy; a lack of political leadership in the region; and failure to implemen...Read more...
PECC Update for APEC SOM1 2015 | Clark, Philippines | February 2015
PECC Statement for APEC Ministerial Meeting 2014 | Beijing, China | November 2014
PECC Update for APEC CSOM 2014 | Beijing, China | November 2014
State of the Region 2014-2015 (pdf, 500KB)
Executive Summary from Energy Transition Seminar | Santiago, Chile | June 2014