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Comercio Exterior Asia Pacífico 
Affaires Asie
Negocios Asia
Course summary (Asia-Pacific Economic Cooperation APEC ©)
APEC © 2.6 billion people. Australia, Brunei Darussalam, Canada, Chile, Singapore ... economic growth, cooperation, trade and investment.
Asia-Pacific Economic Cooperation, or APEC ©, is the premier forum for
facilitating economic growth, cooperation, trade and investment in the
Asia-Pacific region.
The Asia-Pacific region has consistently been the most economically dynamic region in the world. Since APEC's inception in 1989, APEC's total trade has grown 395%, significantly outpacing the rest of the world.
Asia-Pacific Economic Cooperation (APEC) has three Official Observers: the
Association of Southeast Asian Nations Secretariat, the
Pacific Economic Cooperation Council (PEEC) and the
Pacific Islands Forum Secretariat.
Since its inception, APEC © has worked to reduce tariffs and other trade
barriers across the Asia-Pacific region, creating efficient domestic
economies and dramatically increasing exports.
Key to achieving APEC's vision are what are referred to as the 'Bogor Goals'
of free and open trade and investment in the Asia-Pacific by 2010 for
industrialised economies and 2020 for developing economies. These goals were
adopted by Leaders at their 1994 meeting in Bogor, Indonesia.
Known as APEC's 'Three Pillars', APEC © focuses on three key areas:
- Trade and Investment Liberalisation
- Business Facilitation
- Economic and Technical Cooperation
As a consequence, intra-APEC © merchandise trade (exports
and imports) has grown from US$1.7 trillion in 1989 to US$8.44 trillion in
2007 - an average increase of 8.5% per year; and merchandise trade within the
region accounted for 67% of APEC's total merchandise trade in 2007. Over 30
bilateral free trade agreements (FTAs) have been concluded between APEC ©
Member Economies. As a result of the APEC © Trade Facilitation Action Plan (TFAP
I) the cost of business transactions across the region was reduced by 5% between
2002 and 2006.
Example of the course Asia-Pacific Economic
Cooperation APEC:
The Asia-Pacific Economic Cooperation APEC Secretariat is based in Singapore and operates as the core support mechanism for the APEC © process. It provides coordination, technical and advisory support as well as information management, communications and public outreach services.
Asia-Pacific Economic Cooperation APEC is the only inter governmental grouping in the world operating on the
basis of non-binding commitments, open dialogue and equal respect for the views
of all participants. Unlike the World Trade Organization or other multilateral trade bodies, APEC © has
no treaty obligations required of its participants. Decisions made within APEC ©
are reached by consensus and commitments are undertaken on a voluntary basis.
US - Singapore FTA
Topic:
Globalization and regionalization
Source: APEC ©
Asia-Pacific, Economic Cooperation, APEC, Australia, Member, economies, Brunei Darussalam, Canada, Chile, Singapore, China, Hong Kong, economic growth, cooperation, trade, investment, Master, international business
EENI International Business
Course learning materials: 
