CONTINUEThis site uses cookies. By continuing to browse this site you are agreeing to our use of cookies. Find out more.
  1. Front Page
  2. News By Topic
  3. APEC Focuses On Trade And Investment

APEC Focuses On Trade And Investment

by Mary Swire, LawAndTax-News.com, Hong Kong

06 April 2012


The Asia-Pacific Economic Cooperation (APEC) is moving ahead with cooperative efforts to evaluate and identify initiatives to support freer, faster and more beneficial trade in the region that will lead ultimately, it is hoped, to a Free Trade Area of the Asia Pacific (FTAAP).

Concluding its recent meetings in Singapore, the APEC Committee on Trade and Investment and related policy groups met for the second time this year with a focus on APEC 2012 priorities, specifically to foster regional economic integration in the Asia-Pacific, establish reliable supply chains, expand regulatory convergence and cooperation, and foster innovative growth.

The Committee’s meetings followed those of APEC’s Business Advisory Council, in February this year, which had also focused on taking further steps towards realizing the goal of an integrated Asia Pacific economy, and on liberalizing and facilitating trade and investment, leading ultimately to an FTAAP. Recommendations are to be developed and presented to APEC Leaders in Vladivostok in September 2012.

The Committee now confirmed that APEC member economies are examining mechanisms to better chart their progress toward realizing the goal of free and open trade and investment in the region.

Delegates at the meetings noted progress on the implementation of the work programme on next-generation trade and investment issues endorsed last year by APEC Economic Leaders, particularly policies related to innovation and trade, and participation of small and medium size enterprises in global production chains.

“APEC members clearly remain united in their desire to build on measures that drive forward trade and investment and are critical to bringing our region closer together to power economic activity that spurs more robust, sustainable growth and prosperity,” said Monica Contreras, the Committee’s chair.

TAGS: Russia | tax | free trade agreement (FTA) | Brunei | Chile | Australia | China | Mexico | Philippines | Singapore | Thailand | agreements | Canada | Guinea | Hong Kong | Indonesia | Korea, South | Malaysia | New Zealand | Papua New Guinea | Peru | United States | trade | Japan | Vietnam

To see today's news, click here.

 






Close

Password Reminder

Please enter your email address to receive a password reminder.

 






Tax-News Reviews

Cyprus Review

A review and forecast of Cyprus's international business, legal and investment climate.

Visit Cyprus Review »

Malta Review

A review and forecast of Malta's international business, legal and investment climate.

Visit Malta Review »

Jersey Review

A review and forecast of Jersey's international business, legal and investment climate.

Visit Jersey Review »

Budget Review

A review of the latest budget news and government financial statements from around the world.

Visit Budget Review »



Tax-News+ Updates

Receive FREE daily updates from Tax-News.com, straight to your inbox. Register Now!

For a tailored solution, choose to receive selected news updates for your preferred jurisdictions and topics, with our enhanced Tax-News+ subscriber service. Read more...

 

Stay Updated

Please enter your email address to join the Tax-News.com mailing list. View previous newsletters.

By subscribing to our newsletter service, you agree to our Terms and Conditions and Privacy Policy.


To manage your mailing list preferences, please click here »