Asia-Pacific Economic Cooperation (APEC)
1989-11-07 Canberra ACT Australia
Established 7 Nov 1989, Canberra (Australia), at meeting of ministers and cabinet-level officials. Subsequent informal meetings of economic leaders: outlined APEC's vision, 1993, Seattle WA (USA); planned free and open trade and investment in the region by 2010 for developed economies and by 2020 for developing economies, 1994, Bogor (Indonesia); adopted the 'Osaka Action Agenda (OAA)', 1995, Osaka (Japan); adopted the 'Manila Action Plan for APEC (MAPA)' and first Collective and Individual Action Plans compiled, 1996, Manila (Philippines); endorsed proposal for Early Voluntary Sectoral Liberalization (EVSL), 1997, Vancouver BC (Canada); agreed on first 9 sectors for EVSL and sought EVSL agreement with non-APEC members at World Trade Organization, 1998, Kuala Lumpur (Malaysia); committed to paperless trading by 2005 in developed economies and 2010 in developing economies and APEC Business Travel Card scheme approved and Mutual Recognition Arrangement on Electrical Equipment and a Framework for the Integration of Women in Apec endorsed, 1999, Auckland (New Zealand); established electronic Individual Action Plan (e-IAP) system, 2000, Bandar Seri Begawan (Brunei Darussalam); adopted Shanghai Accord and the e-APEC Strategy, 2001, Shanghai (China); adopted Trade Facilitation Action Plan, Policies on Trade and the Digital Economy and Transparency Standards, 2002, Los Cabos (Mexico); agreed to re-energize the WTO Doha Development Agenda negotiations, 2003, Bangkok (Thailand); adopted Best Practices for RTAs and FTAs, Santiago Initiative for Expanded Trade and a Data Privacy Framework, 2004 Santiago (Chile); adopted Busan Roadmap, completed Mid-Term Stocktake and APEC Privacy Framework, 2005, Busan, Korea Rep; APEC Economic Leaders endorsed Ha Noi Action Plan, 2006, Hanoi (Vietnam); issued a Declaration on Climate Change, Energy Security and Clean Development, 2007, Sydney (Australia); focused on the social dimensions of trade and on reducing the gap between developing and developed members, 2008, Lima (Peru); resolved to pursue balanced, inclusive an sustainable growth, while leaders agreed to extend their standstill commitment on protectionism until 2010, 2009, Singapore (Singapore); issued the Yokohama Vision to provide a roadmap for members to realize an economically-integrated, robust and secure APEC community, 2010, Yokohama (Japan); issued the Honolulu Declaration in which leaders committeed to taking concrete steps towards a seamless regional economy, addressing shared green growth objectives, and advancing regulatory cooperation and convergence, 2011, Honolulu HI (USA); economies endorsed a ground-breaking APEC List of Environmental Goods that directly and positively contribute to green growth and sustainable development objectives, 2012, Vladivostok (Russia); economies provided the push needed to conclude the "Bali Package" at the 9th World Trade Organization Ministerial Conference to boost global trade, 2013, Bali (Indonesia); leaders committed to taking a concrete step towards greater regional economic integration by endorsing a roadmap to translate the vision of the Free Trace Area of the Asia-Pacific (FTAAP) into a reality, 2014, Beijing (China). Also referred to previously as 'Asian Pacific Economic Council Forum'.
Work to meet the Bogor Goals of free and open trade and investment in the Asia-Pacific region by 2010 for developed economies and 2020 for developing economies.
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Meetings (5): Leaders'; Ministerial; Senior Officials'; Sectoral Ministerial; Finance Deputies'; Senior Finance Officials'; APEC Business Advisory Council; Secretariat. Committees (4): Trade and Investment; Budget and Management; Economic; SOM Steering Committee on ECOTECH. Sub-committees/Expert Groups (8): Business Mobility; Electronic Commerce; Services; Investment Experts; Intellectual Property Rights; Market Access; Standards and Conformance; Customs Procedures. Working Groups (13): Agricultural Technical Cooperation; Anti-Corruption and Transparency; Counter Terrorism; Emergency Preparedness; Energy; Illegal Logging and Associated Trade; Health; Human Resource Development; Ocean and Fisheries; Small and Medium Enterprises; Telecommunications and Information; Tourism; Transportation. Steering Councils (2); Task Force on Mining. Includes: G-XG8550 - APEC Centre for Technology Foresight (APECTF); F-XF6090 - Asia Pacific Emerging Infections Network (AP-EINet).
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UN Sustainable Development Goals **
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** UN SDGs are linked to the subject classification.
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