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Its primary purpose is to promote sustainable economic growth, trade and investment, and prosperity in the Asia-Pacific region. Every year, one of APECs 21 member economies serves as the forum host. The United States is APEC host for 2023, Thailand hosted in 2022 and New Zealand hosted (virtually) in 2021.
What are the three pillars of APEC?
Sometimes known as the Three Pillars of APEC, these are the areas of Trade and Investment Liberalisation, Business Facilitation, and Economic and Technical Cooperation. Frequently Asked Questions | APEC - Asia-Pacific Economic Cooperation apec.org faq apec.org faq
What does APEC focus on?
Asia-Pacific Economic Cooperation (APEC /ˈeɪpɛk/ AY-pek) is an inter-governmental forum for 21 member economies in the Pacific Rim that promotes free trade throughout the Asia-Pacific region.
What is APEC structure?
APECs structure is based on both a bottom-up and top-down approach. Four core committees and their respective working groups provide strategic policy recommendations to APEC leaders and ministers who annually set the vision for overarching goals and initiatives.
What is the APEC sub committee on customs procedures?
The APEC Sub-Committee on Customs Procedures (SCCP), which reports to the Committee on Trade and Investment (CTI), was established in 1994 by APEC ministers as a forum to fulfil the commitments of APEC leaders and ministers relating to customs matters. Sub-Committee on Customs Procedures | APEC Asia-Pacific Economic Cooperation groups sub-committee-on-cu Asia-Pacific Economic Cooperation groups sub-committee-on-cu
People also ask
What are the values of APEC?
Professionalism We value a work environment grounded in cooperation and a shared vision. Respect The Asia-Pacific region is diverse, and so is the APEC Secretariat. Integrity We are entrusted with important work which demands accountability and transparency.
Related links
Enhancing Value Chains: An Agenda for APEC
provements in trade facilitation, such as enhancing transparency in customs and border procedures, help reduce the cost and improve the effi ciency of
Nov 17, 2023 Secretary Blinken and U.S. Trade Representative Ambassador Tai joined their counterparts in issuing a consensus joint ministerial statement .
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