APEC

Asia-Pacific Economic Cooperation

Outline
Introduction
Background of APEC
Vision
Mission
Objectives
What is APEC?
What does APEC do?
Goals of APEC
Member Economies
APEC project funding sources
Project Fund 2016
Achievements and Benefits
APEC (Asia-Pacific Economic Cooperation)

TheAsia-PacificEconomicCooperation(APEC)isaregional
economicforumestablishedin1989toleveragethegrowing
interdependenceoftheAsia-Pacific.

APEC's21membersaimtocreategreaterprosperityforthe
peopleoftheregionbypromotingbalanced,inclusive,
sustainable,innovativeandsecuregrowthandbyaccelerating
regionaleconomicintegration.
What Does APEC Do?
APECensuresthatgoods,services,investmentandpeople
moveeasilyacrossborders.Membersfacilitatethistrade
throughfastercustomsproceduresatborders;morefavorable
businessclimatesbehindtheborder;andaligningregulations
andstandardsacrosstheregion.
Goals of APEC
Primary goal istosupportsustainableeconomicgrowthand
prosperityintheAsia-Pacificregion.

tobuildadynamicandharmoniousAsia-Pacificcommunity
bychampioningfreeandopentradeandinvestment
promotingandacceleratingregionaleconomicintegration
encouragingeconomicandtechnicalcooperation
enhancinghumansecurity
facilitatingafavorableandsustainablebusinessenvironment
Member Economies

APEChas21membereconomies:
Australia
BruneiDarussalam
Canada
Chile
People'sRepublicofChina
HongKong,China
Indonesia

Japan
RepublicofKorea
Malaysia
Mexico
NewZealand
PapuaNewGuinea
Peru
TheRepublicofthePhilippines

TheRussianFederation
Singapore
ChineseTaipei
Thailand
UnitedStatesofAmerica
VietNam
APEC Project Funding Sources

There are four main sources of funding for

APEC projects:

GeneralProjectAccount(GPA)
TradeandInvestmentLiberalizationandFacilitationAccount(TILF)
APECSupportFund(ASF)
ASFSubFunds
Project Fund Project Session 2, 2016

General Project Account (GPA) $ 1,001,000

Trade & Investment Liberalisation and Facilitation Account (TILF) $ 809,000

APEC Support Fund (ASF) General Fund $ 1,170,000

ASF Sub-funds
Human Security $ 393,000
Health & Emergency Preparedness $ 128,000
Energy Efficiency $ 2,336,000
Supply Chain Connectivity $ 1,538,000
Mining $ 317,000

Free Trade Area of the Asia-Pacific and Global Value Chains $ 622,000

Innovative Development, Economic Reform and Growth $ 393,000

Connectivity $ 328,000
Micro, Small and Medium Enterprises $ 750,000

Total Amount Available (GPA+TILF+ASF+Sub-Funds) $ 9,785,000

Achievements and Benefits
APEChasgrowntobecomeadynamicengineofeconomicgrowth
andoneofthemostimportantregionalforumsintheAsia-Pacific.Its
21membereconomiesarehometoaround2.8billionpeopleand
representapproximately57%ofworldGDPand49%ofworldtradein
2014.

AsaresultofAPECswork,growthhassoaredintheregion,withreal
GDPdoublingfromjustUSD16trillionin1989toUSD31trillionin
2013.Meanwhile,residentsoftheAsia-Pacificsawtheirpercapita
incomeriseby45percent,liftingmillionsoutofpovertyandcreating
agrowingmiddleclassinjustovertwodecades.
 Promoting Regional Economic Integration and Trade
Faster Customs Procedures
Structural Reform
Connecting the Region
APEC Business Travel Card
APEC Supply Chain Connectivity
Environmental Goods List
Increasing Energy Efficiency and Renewables
Green Towns in the Asia-Pacific
Inclusive Growth: Ensuring Everyone is On Board
Nurturing Small Businesses
Enhancing Social Equity in the Region