APEC: economy, foreign trade, and investment

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Syllabus of the Subject: Economy, foreign trade, and investment in the Asia-Pacific Economic Cooperation (APEC) Region. Bogor Goals.

Assessment of the Achievements of the Bogor Goals of the Asia-Pacific Economic Cooperation (APEC)
International trade in goods and services
Foreign Direct Investment (FDI) in the Asia-Pacific Markets
Economic Growth and improving the social outcomes
Trade and investment liberalisation and facilitation in the APEC Markets: tariffs, Non-tariff Measures, trade in services, foreign direct investment (FDI), customs procedures, rules of origin
Regional Trade Agreements and Free Trade Agreements related to the Asia-Pacific Economic Cooperation (APEC)

The Subject “APEC: economy, foreign trade, and investment” belongs to the following Online Higher Education Programs taught by EENI Global Business School:

Doctorates: American Business, Asian Business, World Trade
Masters: International Business, Asia-Pacific, Asia, America, Economic Relations

Learning materials in or APEC APEC APEC

Online Students, Master in International Business

EENI Online Masters and Doctorates in International Business for the APEC Students: Australia, Brunei Darussalam, Cambodia, Indonesia, Laos, Malaysia, Myanmar, New Zealand, Papua New Guinea, Philippines, Singapore, Taiwan, Thailand, and Vietnam.

Example of the Subject - Evolution of the economy in the Asia-Pacific Region APEC:
APEC Economy Trade Investment

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Description of the Subject - Asia-Pacific Economic Cooperation (APEC): economy, foreign trade, and investment.

When the APEC (Asia-Pacific Economic Cooperation) Leaders joined in 2004 in Bogor (Indonesia); they implicated to “reach a free and open regional trade and foreign direct investment by 2010 for industrialised economies and 2020 for developing economies.”

The Asia-Pacific Economic Cooperation (APEC) members agreed to follow this goal by reducing the foreign trade and investment barriers and promoting the free flow of products, services, and capital.

These targets are the “Bogor Goals,” an ambitious expression of the common belief of the Asia-Pacific Economic Cooperation (APEC) that a free and open trade are fundamental to realise the potential economic growth of the Asia-Pacific region and improve the economic and social results for all the APEC economies.

The total exported products by the APEC economies has risen substantially from USD 2 trillion in 1994 to USD 5 trillion. In the same way, total imports increased from USD 2 trillion to USD 5 trillion over the same period.
Since 1994, total trade in products of the APEC with the rest of the World has augmented at an annual rate of 7.1% (for both exports and imports).
With respect on Foreign Trade, the value of the intra-APEC trade in products was 2.8 times larger than in 1994.
Total trade in products of the APEC with the rest of the World grew faster than the intra-APEC.
Total imports of the APEC from the rest of the World also grew faster than intra-regional imports.
Trade in commercial services is becoming more and more important across the APEC region.
The total commercial services exported by the APEC region augmented considerably from USD 432 billion in 1994 to USD 12 trillion (annual growth rate of 7%).

Source: the Asia-Pacific Economic Cooperation (APEC)

APEC Member Countries: Australia, Brunei Darussalam, Canada, Chile, China, Hong Kong, Indonesia, Japan, Korea, Malaysia, Mexico, New Zealand, Papua New Guinea, Peru, Philippines, Russia, Singapore, Taiwan, Thailand, United States, and Vietnam.