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Asia-Pacific Economic Cooperation (APEC)



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APEC Free Trade Area (Asia-Pacific Economic Cooperation)

The objective of the Asia-Pacific Economic Cooperation (APEC) is to strengthen free and open trade and investment in the Asia-Pacific region.

APEC has twenty-one members, representing 41% of the world’s population, 57% of the World's GDP and 44% of global trade.

The member economies of APEC are Australia, Brunei, Canada, Chile, Hong Kong, Indonesia, Japan, Korea, Malaysia, Mexico, New Zealand, Papua New Guinea, Peru, Philippines, Russia, Singapore, Chinese Taipei (Taiwan), Thailand, United States, and Vietnam.

APEC focuses on three key areas (the three pillars of APEC):

  1. Regional Trade and Foreign Direct Investment liberalization
  2. International Business facilitation
  3. Economic and technical cooperation

1- Introduction to APEC

  1. Introduction to APEC ©
  2. APEC Structure
  3. Bogor Goals
  4. Osaka Action Agenda
  5. Trade and Investment Liberalization
  6. Business Facilitation
  7. Economic and technical cooperation
  8. Achievements and Benefits of APEC
  9. Free Trade Area of the Asia-Pacific (FTAAP)
  10. Pacific Economic Cooperation Council

Sample - Asia-Pacific Economic Cooperation (APEC)
Asia-Pacific Economic Cooperation APEC. Trade and Investment liberalization. Bogor Goals

2- Committee on Trade and Investment of APEC

  1. Introduction to APEC Committee on Trade and Investment
  2. Principles for Cross-Border Trade in Services in APEC region
  3. Principles of Foreign Trade Facilitation
  4. Automotive and Chemical Dialogue
  5. Business Mobility Group
  6. Investment
  7. Group on Services
  8. TRIPS
  9. E-commerce
  10. Market Access
  11. Rules of Origin
  12. Customs Procedures
  13. Standards and Conformance
  14. Economic Impact of the Enhanced Multimodal Connectivity in APEC Region

3- Economy, Trade, and Investment in the Asia-Pacific Region (APEC)

4- APEC Telecommunications and information.

Market Access - Trade Agreements

5- APEC Trade Agreements and Regional Trade Agreements.

  1. Agreement for Trans-Pacific Partnership
  2. Singapore-Australia Agreement
  3. Singapore-Korea Agreement
  4. US-Peru Agreement

The educational aims of the Subject “Asia-Pacific Economic Cooperation (APEC)” are the following:

  1. To understand the Bogor Goals and the functions of APEC
  2. To assess the benefits for the member countries of APEC as well the cooperation areas
  3. To learn about role of APEC Commission on Trade and Investment
  4. To research the economic integration process and trade among the member countries of APEC (Free Trade Area of the Asia-Pacific)
  5. To understand trade liberalization, Trade Facilitation and investment flows between APEC Countries
  6. To know Trade Agreements between APEC Countries

Asia Masters, Doctorate (Global Business, Foreign Trade)

The Subject “APEC (Asia-Pacific Economic Cooperation).” is included within the curriculum of the following academic programs at EENI Global Business School:

Doctorate: World Trade.

Doctorate in International Business (DIB AI) Online

Masters: International Business, Foreign Trade.

Masters in International Business and Foreign Trade (MIB AI)

Languages: Masters, Doctorate, International Business, English or Study Master Doctorate in International Business in Spanish APEC Study Doctorate in International Business in French APEC Masters Foreign Trade in Portuguese APEC.

  1. Subject Credits “Asia-Pacific Economic Cooperation (APEC)”: 2 ECTS Credits

Asia-Pacific Economic Cooperation (APEC).

The Asia-Pacific Economic Cooperation is a forum for assisting economic growth, cooperation, Foreign Trade, and Foreign Direct Investment in the Asia-Pacific region.

  1. The Asia-Pacific region has consistently been the most economically dynamic region
  2. Since the beginning of APEC in 1989, total International Trade has grown 395%

The Asia-Pacific Economic Cooperation has three official observers Organizations:

  1. ASEAN Secretariat
  2. Pacific Economic Cooperation Council
  3. Pacific Islands Forum Secretariat

APEC has worked to reduce tariffs and other trade barriers across the Asia-Pacific region, creating efficient national economies and considerably increasing International Trade.

The pillars of the Asia-Pacific Economic Cooperation are the Bogor Goals of free and open Foreign Trade of Foreign Direct Investment in the Asia-Pacific region by 2010 for industrialized economies and 2020 for developing economies. These objectives were adopted by APEC Leaders in 1994 in Bogor (Indonesia).

Religions, Ethics, and Global Business
Religions and Global Business - Religious diversity

Main religions in the Asia-Pacific Economic Cooperation Forum member countries:

  1. Christian Countries: Australia, Canada, Chile, the United States, the Philippines, Mexico, New Zealand, Papua New Guinea, Peru, and Russia
  2. Muslim Countries: Brunei, Indonesia, and Malaysia
  3. Buddhist Countries: Japan, Thailand, Taiwan, and Vietnam. In Singapore, 42% of the population is Buddhist

Above thirty bilateral Trade Agreements have been finished between APEC member economies. As a result of APEC Trade Facilitation Action Plan, the cost of International Business transactions across the region was reduced by 5%.


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