Asia-Pacific Economic Cooperation
New Agenda in Its Third Decade
Publication Year: 2011
Published by: ISEAS–Yusof Ishak Institute
Title Page, Copyright
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List of Figures and Tables
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The Asia-Pacific Economic Cooperation’s (APEC) momentum heightened in 1993–96. In 1993 in Seattle, the United States hosted the first APEC Economic Leaders’ Meeting. In 1994 in Bogor, Indonesia, the leaders issued the ambitious statement of “the industrialized economies achieving the goal of free and open trade and investment ...
List of Abbreviations
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1. Current State of APEC and the Challenges Ahead
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APEC, or the Asia-Pacific Economic Cooperation Forum is the largest intergovernmental framework for economic cooperation in the Asia-Pacific region. Currently twenty-one economies participate in it: Australia, Brunei, Canada, Chile, China, Hong Kong, Indonesia, Japan, South Korea (Republic of Korea), ...
2. Trade and Investment Liberalization and Facilitation
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The origin of economic cooperation in the Asia Pacific dates back to 1967– 68. In five countries surrounding the Pacific a business group formed a conference series of the Pacific Basin Economic Council (PBEC) in 1967 and an economist group formed another conference series of the Pacific Trade and Development Conference (PAFTAD). ...
3. Organization and Activities of APEC
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APEC started as an annual meeting of foreign and trade ministers discussing economic cooperation in the Asia Pacific. However, after the Leaders’ Meeting was added to it in 1993, it has been attracting media attention as a big event in which presidents and prime ministers of major economies in the Asia-Pacific gather once a year. ...
4. Has APEC Achieved the Mid-term Bogor Goals?
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The year 2010 was the mid-term target of the Bogor Goals issued by President Soeharto that “industrialized economies achieve free and open trade by the year 2010, while rest of the economies by 2020”. Have these ambitious goals been achieved? ...
5. Realistic Approach over the Past Decade
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In Chapter 2 we saw that APEC’s momentum for liberalization heightened in 1993–96, but decreased after the Asian currency crisis. Instead APEC has shifted to a realistic strategy of improving the business environment of its participants in the first decade of the twenty-first century. ...
6. Towards the Free Trade Area of the Asia-Pacific (FTAAP)
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We have seen APEC’s progress in its main activity, trade investment liberalization and facilitation in Chapters 2, 4, and 5. APEC met its midterm Bogor Goals in 2010 and has started to tackle the post-Bogor agenda, that is, to pursue deeper liberalization and facilitation in the form of FTAAP ...
7. Paradigm Shift in Asia Pacific Cooperation
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The East Asian Community (EAC) has now become popular in the Asia Pacific region, but in the 1990s APEC was the core of regional cooperation. The paradigm of regional cooperation has shifted from APEC to the East Asian Community over the past ten years. ...
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About the Author
Ippei Yamazawa received his doctorate in economics from Hitotsubashi University, Tokyo, where he is now Professor Emeritus. He has served as President, International University of Japan (2003–6) and President, Institute of Developing Economies/JETRO (1998–2003). ...
Page Count: 141
Publication Year: 2011