National Center for APEC

THE VOICE OF U.S. BUSINESS IN THE ASIA PACIFIC

NCAPEC EVENTS

  • May 23 - May 24, 2017
    Ministers Responsible for Trade Meeting (TBC)
  • June 22, 2017
    High Level Policy Roundtable on Sustainable Tourism
  • July 23 - July 28, 2017
    ABAC III
  • August 15 - August 30, 2017
    Senior Officials Meeting (SOM) III
  • August 21 - August 25, 2017
    Food Security Week

View full calendar

NEWSLETTER

Giving U.S. Business a Voice in the Asia-Pacific

Giving U.S. Business a Voice in the Asia-Pacific

The National Center for APEC is dedicated to the proposition that business must have a voice in the development of policies that impact the economies of the Asia-Pacific region. NCAPEC is the only U.S. business association focused exclusively on facilitating American private sector input into Asia-Pacific Economic Cooperation (APEC) process.


Complete list of NCAPEC publications

*Photo courtesy of APEC

APEC Leaders and Minsters addressed a number of important issues during their meetings in Beijing during APEC Leaders week, held November 10-11. This included the the Free Trade Area of the Asia Pacific (FTAAP), which China made a major focal point of its work this year. China's aim had been to establish a work plan that would include the launch of a feasibility study and a target date for achievement of the FTAAP. Leaders agreed to endorse the Beijing Roadmap for APEC's Contribution to the Realization of the FTAAP, which includes a strategic study to be completed by 2016, operation of the APEC Information Sharing Mechanism on RTAs/FTAs, and an active capacity building program.

Discussions in Beijing also focused on developments in the World Trade Organization (WTO). One major headline was the bilateral deal on the Information Technology Agreement (ITA) struck between China and the U.S. on the margins of APEC. This should facilitate the rapid conclusion of the ITA expansion talks in Geneva, cutting tariffs on roughly $1 trillion worth of ICT products sold annually. (Read the USTR and the White House fact sheet on the ITA).

Leaders also reaffirmed their 2012 commitment to drop tariffs to 5% or less on a list of 54 environmental goods and welcomed the launch of negotiations on the WTO Environmental Goods Agreement (EGA) in July of this year. (Read the White House fact sheet here).

Finally, member economies also formalized APEC's host economies through the next seven years:

• 2015 Philippines

• 2016 Peru

• 2017 Vietnam

• 2018 Papua New Guinea

• 2019 Chile

• 2020 Malaysia

• 2021 New Zealand

• 2022 Thailand

*Photo courtesy of APEC

During his recent trip to Asia, President Obama addressed the nearly 1,500 delegates in attendance at the 2014 APEC CEO Summit.

He outlined the economic landscape for the U.S. and reiterated U.S. commitment to Asia, noting the imporatance of promoting "shared security and shared economic growth this century" for the region. He stated his core message for his trips to APEC, East Asia Summit, and G20 was that, "...in working together we need growth that is balanced, growth that is strong, growth that is sustainable, and growth where prosperity is shared by everybody who is willing to work hard."

To read President Obama's full remarks, click here.

To read the White House fact sheet on President Obama and APEC, click here.

 

On November 8, the National Center for APEC celebrated its 20th Anniversary at a luncheon that featured remarks from U.S. Secretary of State John Kerry and Philippines' Foreign Secretary Albert del Rosario. Over 280 business leaders and government officials joined the luncheon which was held in the Grand Ballroom at the Intercontinental Beijing Beichen.


Secretary Kerry opened his remarks by recognizing the important the important role that NCAPEC has played in promoting public-private cooperation in APEC over the past 20 years and
later touched on a range of issues facing APEC economies, from climate change to regional security. The full text of Secretary Kerry's remarks is available here.


Secretary del Rosario's remarks focused on the Philippines APEC priorities for 2015 which include regional economic integration, inclusive growth, small and medium sized enterprises, human capital development, sustainability and resilient economies.

Thanks to this year's sponsors: Archer Daniels Midland, Chevron, Dow Chemical Company, Freeport-McMoRan, Johnson & Johnson, Microsoft, Oracle, Peabody Energy, Philip Morris International, Qualcomm, and Walmart.

Excerpts from the APEC Secretariat's press release:

President Bill Clinton, who initiated the first meeting of Leaders from APEC member economies [in 1993], has voiced support for APEC's continued work to build networks of cooperation across the Asia-Pacific region.

In video remarks ahead of the 2014 APEC Economic Leaders' Meeting in Beijing, which coincides with the 25th anniversary of APEC's founding, President Clinton provided historical context for the meeting and explained its role in fostering meaningful, specific action to address key regional and global issues.

View President Clinton's video remarks

"A little more than twenty years ago, I was honored to convene the very first APEC Leader's Meeting in Blake Island in Washington," President Clinton said. "We were entering a new era of globalization and the Asia-Pacific region was well on its way to becoming the most important source of global growth and dynamism."

"In order to seize the opportunity we had to find ways to work together to advance our shared interests and overcome some common challenges," he added. "This meeting has helped to do just that."

President Clinton helped to define APEC and its agenda throughout his eight years in office, from 1993 to 2001, contributing to one of the longest periods of prosperity in American history, which included the creation of more than 20 million jobs.

He described the progress of the Leaders' Meeting in "laying out a regional vision for trade liberalization and economic integration," as articulated in the Bogor Goals that President Clinton and his fellow Leaders formulated just one year after their inaugural meeting in November 1993. They continue to serve as a beacon for engagement between member economies to this day.

"Through APEC's leadership, the first Information Technology Agreement, of 1997, helped to ensure that the Asia-Pacific region will thrive and compete in an emerging market," President Clinton noted. Expanding the agreement to boost access to a new generation of information and communications technology products is among the initiatives currently being pursued in APEC.

"Stronger enforcement of intellectual property rights have helped to encourage more innovation," he added. "Regional responses to infectious diseases and natural disasters have clearly improved and greater transparency and anti-corruption mechanisms are now in place."

"APEC is a model of how we should move forward together in the twenty first century," President Clinton concluded. "Thank all of you for making Asia-Pacific community a reality, and for continuing to build a more inclusive, more secure, more sustainable world for generations to come."

*To see the full release, click here.

Connect with us on our various social media channels to keep up-to-date with Asia-Pacific and APEC related news and events.

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MEMBERS of the NATIONAL CENTER FOR APEC

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