this presentation is all about APEC (Asia Pacific Economic Cooperation). This is for study purpose. how it works?, what its structure? who are members? and all such questions will get answered here...

1. "Advancing Free Trade for Asia-
Pacific Prosperity"
Presented By:
Jitu Panjwani (77)
Yuvraj Sahuji (96)
Prajyot Surana (175)

2. APEC forum
• Regional economic forum
• Create greater prosperity for the people of the region by
promoting balanced, inclusive, sustainable, innovative and
secure growth and by accelerating regional economic
integration.
• Operates as a cooperative, multilateral economic and trade
forum
• Member economies participate on the basis of open
dialogue and respect for views of all participants
• No binding commitments or treaty obligations
• "bottom-up" and "top-down" approach

4. Member Economies
Founding Members
• Australia
• Brunei Darussalam
• Canada
• Indonesia
• Japan
• Korea
• Malaysia
• New Zealand
• Philippines
• Singapore
• Thailand
• United States
Other APEC Economies
• China, Hong Kong & Chinese
Taipei (1991)
• Mexico and Papua New
Guinea (1993)
• Chile (1994)
• Peru, Russia and Viet Nam
(1998)

5. 1989
• APEC begins with 12 founding members -Canberra (Australia)
1993
• First meeting at Blake Island (US). "stability, security and prosperity for our peoples."
1994
• Free and open trade and investment in the Asia-Pacific by 2010 for developed economies and 2020 for
developing economies. -Bogor (Indonesia)
1995
• Adopts the Osaka Action Agenda (OAA) -Osaka (Japan)
1997
• Early Voluntary Sectoral Liberalization (EVSL) in 15 sectors
1998
• Agrees on the first nine sectors for EVSL
• Seeks an EVSL agreement with non-APEC members at the WTO
2009
• Joint meetings of APEC senior trade and finance officials
2010
• APEC Ministerial Meeting on Food Security
2013
• First Joint APEC Ministerial Meeting on Women and SMEs issues to promote women entrepreneurship
2016
• 4th APEC Food security Ministerial Meeting at Peru
History

6. Mission
 To support sustainable economic growth and prosperity in the
Asia-Pacific region.
Promote
Open trade and investment
Regional economic integration
Economic and technical cooperation
Human security
Favorable and sustainable business environment

7. Three Pillars of APEC's agenda
Trade and Investment
Liberalization
•Reduce tariff and non-tariff
barriers to trade and
investment
Regional Economic
Integration
•Advancement of bilateral
and regional trade
agreements
•Long-term goal of a Free
Trade Area of the Asia-
Pacific (FTAAP).
Business Facilitation
•Reduce the time, cost and
uncertainty of doing
business in the region and
open new economic
opportunities including for
small firms, women and
youth
Structural Reform
•Development and
harmonization of policies
that improve market access
and efficiency
•Uphold public interest such
as the safeguarding of
health and safety
Economic and Technical
Cooperation (ECOTECH)
•Promote trade, investment
and robust, secure and
sustainable economic
growth
•Strengthening anti-
corruption
•Cross-border education and
skills training
•Emergency preparedness,
energy security
•Environmental
protection, defense against
pandemics &
•Infrastructure development

9. Osaka Action Agenda
Osaka Action
Agenda
•Comprehensiveness
•WTO-consistency
•Comparability
•Non-discrimination
•Transparency
•Standstill
•Simultaneous start,
continuous process and
differentiated timetables
•Flexibility
•Cooperation
Individual
Action Plans
•Tariffs
•Non-tariff measures
•Services
•Investment
•Standards and conformance
•Customs procedures
•IPR
•Competition policy
•Government procurement
•Dispute mediation
•Mobility of business people
•Information gathering and
analysis
•Transparency
Collective
Action Plans
•Collection all IAP of each
member economies
•Used to set outline and
objectives as well as free
trade & investment goal

10. Stakeholder Participation
Business
Participation
Academic
and Research
Institution
Participation
Women's
Participation

11. Benefits of APEC

12. How has the region Benefited?
Promoting Regional Economic Integration and
Trade:-
APEC implements a wide variety of initiatives to
help integrate the region’s economies and promote
trade while addressing sustainability and social equity.
Promoting
trade in
region
Faster
custom
procedures
Structural
reforms
Connecting
regions
Reducing
barriers

13. Making trade easier across borders
APEC policy promoted free and open trade in the region by reducing barriers
and promoting free flow of goods. Which resulted in reduction in transaction costs.
Between 2004-2006 reduction noted about 5%, and further from 2007-2010 again
reduced by more 5%.

14. Making it easier to do business
• APEC launched its ease of doing business plan in 2009.
• Between 2009-2014 member economies improved ease of doing
business in region in all areas of initiative by 11.3%
• Construction permits are issued faster than ever dropping 18.7%
from 169 days to 134 days in last four years.
• Starting a company in the region is also simpler because of no of
procedures failing by 20.7%.

15. Faster custom Procedures
(Source: apec.org)

16. Structural reform
To foster transparency, competition and better functioning markets through regulatory
reform.
Improving public sector and corporate governance and strengthening legal infrastructure.
Connecting the region
connecting regions through improvement in physical infrastructure linkages,
people mobility and institutional ties across Asia pacific.
these are the initiatives taken for better connectivity:-
APEC business travel card:-
160000 travelers use this service.
Special lanes are arranged at all leading airports for faster clearances.
19 members fully participate in the scheme while Canada and USA are transitional
members.
APEC Supply Chain Connectivity:-
Between 2009-2013 lead time to import fell by an average 25%.
And lead time for export by 21%.
Nurturing small businesses
Nurturing the competitiveness of small and medium enterprises.

17. APEC Summit

18. APEC SUMMIT
 A year long hosting of meetings between 21 APEC
member countries.
 Annual APEC Economic Leaders Meeting is the
main event in this summit.
 The summit is hosted every year by a member
country.
 Host country for last summit in 2015 was
Philippines.
 This year it is hosted by Peru.

19. APEC Peru 2016
 This year it is hosted by Peru at 7 venues in
country.
 Second time after previous hosting of 2008.
 Quality Growth & Human Development is the
theme for this year.
 Major Events
• APEC Economic Leaders Meeting.
• APEC CEO Summit.

20. Agenda
Four priority areas were laid out as topics to be
discussed.
Human Capital Development
Upgrading SME’s
Regional Food Market
Regional Economic integration Agenda

21. Major events
APEC Economic Leaders Meeting
(19-20 November 2016 Venue – Lima)
• It is attended by the heads of governments of
member countries.
• A famous tradition is followed in this meeting
is all national leaders attend it dressed in
Traditional costume of host country.
• The main four agendas Will be addressed by
the leaders of member countries.

22. Major events
APEC CEO Summit
• Its An Asia-Pacific Premier business event.
• The CEO Summit is held within the framework
of APEC and is organized by ABAC.
• Here business executives get opportunity to-
 Meet Economic Leaders, ministers and government officials.
 Discover business opportunities by networking with top Asia-
Pacific Company CEO’s.
 Forge connections with thought leaders from around the region
and the world.

23. Some other events
 APEC SME O2O Forum (6th September)
 23rd SME ministerial meeting (9th September)
 48th Meeting of APEC expert group on Energy
Efficiency & Conservation (11th September)
 APEC 2016 Food security week (16-27th September)
 Ocean Fisheries working group (20th September)
 Agricultural technical cooperation working
group.(20th September)

24. APEC & India
• India has applied for its membership of APEC in
1991 (25 years ago).
• India has been observer of the forum since 2011.
• Modi governments act east policy for east Asian
economies.
• What are barriers in India's membership into
APEC
• What are benefits to India and APEC both of
India joining APEC.

25. Why India is not yet an APEC member?
• India's Extra regional status.
• After 1997 APEC Decide to not expand its
members for 10 years.(which continues informally till 2011)
• TPP (Trans Pacific Partnership)
India is not member of TPP because of lacking in standards,
and lot of work needed to improve labour, intellectual property,
government procurement.
• India has to improve on its liberalization policies
and bureaucratic issues which affects in
international trade.

26. Benefits for India
• Free trade access to markets of huge economies like USA,
Russia, Japan, Australia and other pacific countries.
• Marketing diversification to India and subsequent
Strenghthing of India's export sector.
• It will attract more trade which will require more
infrastructure and this will result in availability of more jobs.
This will lead to development of human resources.
• If India wants to sustain its growth rate at 8-10%, access to
more markets is needed.
• Growing economic independence will attract more FDI & FII
which will generate more capital for our ‘Make in India’
initiative.

27. Benefits for APEC
• As per world banks report, India is going to be
fourth largest economy by 2020.
• India has the huge potential market ability
• The young Demographic dividend of India can
play role of an asset for most of the countries in
APEC having older generation of employee (Japan,
Russia etc.) which might create trouble for them
in future.
• Potential to shape India trade policies to facilitate
easier access to Indian markets for APEC
members.

28. • Ref.
• http://dfat.gov.au/international-relations/regional-
architecture/apec.aspx
• http://www.apec.org/
• http://www.insightsonindia.com/2016/02/23/5-india-trying-
become-member-asia-pacific-economic-cooperation-apec-
forum
• http://www.insightsonindia.com/2016/02/23/5-india-trying-
become-member-asia-pacific-economic-cooperation-apec-
forum
• https://en.wikipedia.org/wiki/Asia-
Pacific_Economic_Cooperation

29. Thank you….!
Jitu panjwani(77)
Yuvraj Sahuji(96)
Prajyot Surana(175)