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...
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 fluctuations in trade volumes and tourism numbers throughout the region.
The first seminar was held in Papeete (French Polynesia) in October 2015 in partnership with the local governmen...Read more...
The Asia-Pacific is forecast to grow by 3.4 percent in 2016, much the same rate as in 2015 and this is expected to continue into 2017. Growth for both advanced and emerging economies in the region is significantly lower than during the pre-crisis years. Of bigger concern is that these mediocre growth numbers have been attained through substantial support from stimulus packages that cannot be sustained over the longer term. Questions remain as to how the region’s economies would fare once these extraordinary measures are phased out and as monetary policies normalize. In addition, there are added uncertainties emanating from the consequences of the Brexit referendum, as well as the overall public resentment towards globalization and free trade.
While 51 percent of respondents had positive views on the political environment for freer trade in the region while 25 percent had negative views or a net favorability of 26 percent, there were sharp differences depending on wh...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...
Dr. Vo Tri Thanh is the new Chair for the Vietnamese committee for PECC. Dr. Vo is currently the senior expert of the Central Institute for Economic Management (CIEM).
Dr. Vo mainly undertakes research and provides consultation on issues related to trade liberalization and international economic integration and macroeconomic policies. His other areas of interests include institutional reforms, financial system and economic development. He has received a bachelor of science from the Moscow State University, and a master's degree and PhD in economics from the Australian National University.
He takes over the position from Mr. Vu Tien Loc, former VNCPEC Chair.
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