Apec
- 2. Presented By :- Pradeep Kumar. K – 13/150 ICBM-SBE
- 3. Content . . . • About APEC • Mission • Vision • Objective • Purpose and goals • APEC activities • Achievements • APEC’s Three Pillars • Some important point of APEC • Members of APEC • Summary
- 4. ABOUT APEC ! ! Established in 1989 with 12 member countries in Canberra, Australia It is a co-operative effort of 21 countries with a common goal of improving free trade Headquarters of APEC is in Singapore
- 5. Cont. . . • It is the premier forum for facilitating economic growth, cooperation, trade and investment in the Asia-Pacific region . • Every year, one member country plays host to the meeting. • APEC’s 21 members represent 41% of the global population, 49% of international trade and 56% of the world’s Gross Domestic Product (GDP).
- 6. MISSION OF APEC To support sustainable economic growth and prosperity in Asia-Pacific region To build a dynamic and harmonious Asia- Pacific community
- 7. Vision • The 'Bogor Goals' of free and open trade and investment in the Asia-Pacific by 2010 for industrialized economies and 2020 for developing economies.
- 8. objective To sustain the growth and development of the world economy To increase economic interdependence by encouraging the flow of goods, services and technology To develop multi-lateral trading system To reduce the barriers of trade in goods and services
- 9. Purpose and Goals To strengthen the Asia- Pacific community by enhancing economic growth and prosperity APEC works to establish” anti-“protectionist policies and reduces tariffs rate Creates jobs and provides greater opportunities for international trade and investment
- 10. APEC Activities! ! • Managing Globalization. • Creating new opportunities. • Making APEC matter more. • Action agenda for new economy a) e-Commerce Readiness Assessment b) paperless trading c) building capacity in both people and instruction
- 11. Achievements. . . APEC achieved great improvements in the following four major fields:- tariff reduction Non-tariff measures release Services Investment In the Political and social areas, economies can equally exchange their point of view on the regional as well as world affairs, including security
- 12. Cont. . . • In external, APEC created “open regionalism” instead of closed trading block • APEC firmly support the multi lateral trading system
- 13. APEC’s Contribution to World GDP 1989-2003 (US$ billion) Real and per capita GDP growth 1989-2003 (US$ billion)
- 14. APEC's Three Pillars • Trade and Investment Liberalisation • Business Facilitation • Tran’s pacific strategic economic partnership agreement a) P4 agreement b) pacific 3 closer economic partnership
- 15. some important points of Apec • APEC business advisory council a) to achieve Bogor goal and other specific business sector priority b) nominate 3 members c) provide annual report • Discussion of 2009 meeting.
- 16. Members of apec Member economy Date of accession Australia 1989 Brunei 1989 Canada 1989 Indonesia 1989 Japan 1989 Republic of Korea 1989 Malaysia 1989 New Zealand 1989 Philippines 1989
- 17. Cont….. Singapore 1989 Thailand 1989 United States 1989 Taiwan 1991 Hong Kong, China 1991 People's Republic of China 1991 Mexico 1993 Papua New Guinea 1993 Chile 1994 Peru 1998 Russia 1998 Vietnam 1998
- 18. So We Have learnt. . . • ABOUT APEC • Mission and vision • Objectives • Purpose and goal • APEC’s activities • Achievements • APEC's Three Pillars • Some important point of APEC • Members of APEC
- 20. Thank You ! ! !