The Pacific Economic Cooperation Council (PECC) in cooperation with the APEC Business Advisory Council (ABAC) organized a policy dialogue on behalf of the APEC Group on Services to explore the ways in which technology is changing how companies deliver services; and the way in which the policy and regulatory environments in which these companies operate need to respond to these changes.
Watch video from the workshop (YouTube)
The event brought together entrepreneurs in the technology sector with regulators, policy-makers and experts to understand the opportunities brought by the digital revolution and how to expand services trade and investment.
The purpose of the Workshop was to:
• Understand how changes in technology are opening up new markets for services, as well as goods;
• Consider the extent of opportunities for business to expand trade by utilizing new technologies;
• Consider the cross-cutting nature of the digital economy and consider government policy reforms to maximize the be...
The 5th Public-Private Dialogue on Services was co-organized by the 2016 APEC SOM (Senior Officials' Meeting) Chair's Office of Peru and PECC as follow-up from previous meetings held in Surabaya, Clark, Boracay, and Cebu.
Given the dominant role of services in GDP and employment in all APEC economies, raising productivity growth, alleviating poverty, and impvoing inclusivity of women and MSMEs (micro, small and medium enterprises), APEC Services Cooperation Framework was adopted by the Leaders in November 2015. The dominant role of services in FDI flows stands in comparison with a traditional under-performance in trade terms, reflected also in a below global average services value added content in gross APEC exports.
In the 2015 APEC Leaders' Declaration (Annex B), the Leaders recognized "the rapid changes taking place in the delivery of services, such as through digitally-enabled trade. To boost services trade and investments in the region, APEC needs to further dee...Read more...
Co-organized by 2016 APEC SOM (Senior Official Meeting) Chair's Office (Peru) and PECC
In 1994, APEC’s Economic Leaders committed to achieve the goal of free and open trade and investment in the Asia-Pacific by no later than 2020. Less than five years before this deadline, APEC finds itself within an increasingly crowded international architecture and operating in a more complex and dynamic region. Combined, these factors not only compel us to boost our efforts to achieve the Bogor Goals, but also to start developing a post-2020 vision that identifies and anchors itself in APEC’s unique value-add. 2020, an iconic year for APEC, therefore presents an opportunity to redefine and reinforce APEC’s role. And to get this right by 2020, we need to start the conversation now.
In addition to achieving free and open trade and investment in the Asia-Pacific no later than the year 2020, the Bogor Goals included a subset of elements such as commitment to the multilatera...
Development of ports and new maritime routes are crucial elements to enhance connectivity and opportunities for economic growth in the Asia-Pacific. The region’s economies depend heavily on maritime trade enabled by reliable, efficient and cost-effective shipping.
This project is led by the France (Pacific Territories) committee for PECC (FPTPEC) and it consists of a set of three seminars. It focuses on the contribution of the maritime dimension to intra-regional connectivity, sustainability and drivers of growth for the PECC economies and small island states. Under the broad theme of ‘Managing the Blue Economy,’ priority attention has been given to factors leading to the emergence of new trade flow patterns, the associated trade routes, and optimization of port operation capabilities to cope with the ups and downs in trade volumes and tourism throughout the region.
The third and final seminar in the ‘Blue Economy’ series will be held on 5-7 December 2016. Following on from the...Read more...
APEC Economic Leaders approved the “APEC Connectivity Framework” in Bali in 2013, pledging to “reach a seamlessly and comprehensively connected and integrated Asia-Pacific through the pillars of physical connectivity, institutional connectivity and people-to-people connectivity”. The 2014 Beijing APEC Economic Leaders’ Meeting endorsed the “APEC Connectivity Blueprint for 2015-2025”, which called on the APEC economies to take agreed actions and meet agreed targets to strengthen the tri-pillar connectivity by 2025. Last year, APEC Economic Leaders re-affirmed the above-mentioned commitment in Manila.
Fully recognizing its pivotal role in promoting economic growth and sustainable development, many regional organizations and economies have taken their own connectivity-related initiatives apart from or even prior to the APEC’s Blueprint. ASEAN formulated its Master Plan on Connectivity in 2010, which has made considerable progress and h...
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