Asia-Pacific Economic Cooperation (APEC)
EENI - Business School.
Subject (Course): The Asia-Pacific Economic Cooperation (APEC). Syllabus:
1- Introduction to APEC
- Introduction to the Asia-Pacific Economic Cooperation (APEC) ©.
- The structure of the APEC
- Bogor Goals.
- Osaka Action Agenda.
- Regional Trade and Investment Liberalisation.
- Business Facilitation.
- Economic and technical cooperation.
- Achievements and benefits of APEC
- Free Trade Area of the Asia-Pacific (FTAAP)
- Pacific Economic Cooperation Council (PEEC)
2- APEC Committee on Trade and Investment.
- Introduction to the Committee on
Trade and Investment.
- Principles for Cross-Border Trade in Services.
- Principles on foreign trade facilitation.
- Automotive and Chemical dialogue.
- Business Mobility Group.
- Group on Services.
- Intellectual Property Rights.
- Market Access.
- Rules of Origin.
- Customs Procedures.
- Standards and Conformance.
3- Economy, Trade, and Investment in the Asia-Pacific Region
4- APEC Telecommunications and information
5- APEC Free Trade Agreements (FTA) and Regional Trade Agreements
Partnership Agreement (TPP)
- Singapore-Australia FTA
- Singapore-Korea FTA
- United States-Peru FTA
The objectives of the subject “The Asia-Pacific Economic Cooperation (APEC)” are the following:
- To understand the Bogor goals and the functions of the Asia-Pacific Economic Cooperation (APEC)
- To assess the benefits for APEC member countries as well the areas of cooperation
- To know the role of the Commission on Trade and Investment of APEC
- To analyse the process of economic integration and trade among APEC member countries (Free Trade Area of the Asia-Pacific)
- To understand the liberalisation of commerce, trade facilitation and investment flows between APEC countries
- To know the Free Trade Agreements between APEC countries
Sample of the subject: Asia-Pacific Economic Cooperation (APEC)
Subject Description (Asia-Pacific Economic Cooperation APEC).
The APEC has twenty-one members which account for 41% population in the World, 57% of the world GDP and 44% of global trade.
The Asia-Pacific Economic Cooperation APEC twenty-one member economies are Australia, Brunei Darussalam, Canada, Chile, the People's Republic of China, Hong Kong, Indonesia, Japan, the Republic of Korea, Malaysia, the United Mexican States, New Zealand, Papua New Guinea, Peru, the Philippines, the Russian Federation, Singapore, Chinese Taipei (Taiwan), Thailand, the United States of America, and Vietnam.
The Asia-Pacific Economic Cooperation is the forum for assisting economic growth, cooperation, foreign trade, and foreign direct investment in the Asia-Pacific region. The Asia-Pacific region has consistently been the most economically dynamic region. Since the beginning of the APEC in 1989, total
international trade has grown 395%.
The Asia-Pacific Economic Cooperation has three official observers organisations: the Association of South-East Asian Nations Secretariat, the Pacific Economic Cooperation Council and the Pacific Islands Forum Secretariat.
The Asia-Pacific Economic Cooperation (APEC) has worked to reduce tariffs and other trade barriers across the Asia-Pacific region, creating
economies and considerably increasing international trade.
Key to reaching the vision of the Asia-Pacific Economic Cooperation are the Bogor Goals of free and open
foreign trade and foreign direct investment (FDI) in the Asia-Pacific region by 2010 for industrialised economies and 2020 for developing
economies. These objectives were adopted by Leaders of APEC in 1994 in Bogor (Indonesia).
The APEC focuses on three key areas (Three pillars of APEC):
- Regional Trade and foreign direct investment liberalisation
- International Business facilitation
and technical cooperation
As a consequence, intra-APEC trade of product (exports and imports)
has grown from USD 1.7 trillion in 1989 to USD 8.44 trillion - an average increase of 8.5% per year; and international trade of product within the region
accounted for 67% of the total
external trade of the APEC products.
Above thirty bilateral Free Trade Agreements have been finished between the APEC
member economies. As a result of the APEC Trade Facilitation Action Plan, the cost of international business transactions across the region was reduced by 5%.
The main religions of the member countries of the Asia-Pacific Economic
- Christian countries: Australia, Canada, Chile, the United States of America, the Philippines, Mexico, New Zealand, Papua New Guinea, Peru, and Russia
- Muslim countries:
Brunei Darussalam, Indonesia, and Malaysia.
- Buddhist countries: Japan, Thailand, Taiwan, and Vietnam. In Singapore, 42% of the population is Buddhist.
The Asia-Pacific Economic Cooperation (APEC) is an
inter-civilisation agreement between the Western Christian Civilisation, the Sinic
- Buddhist, the Orthodox and the Islamic Civilisation.