APEC: Member Economies ASEAN

CREATION 1989
PROGRAMS CORE VALUES
1. Trade and
Investment
Liberalization
2. Business
Facilitation
3. Economic and
Technical
Cooperation

MEMBERS (21 Members)

1. Australia
2. Brunei
Darussalam
3. Canada
4. Indonesia
5. Japan
6. Korea
7. Malaysia
 8. New Zealand
9. Philippines
10. Singapore
11. Thailand
12. US
13. PR of China’
14. HK
15. Chinese Taipei
16. Mexico
17. Papua New
Guinea
18. Chile
19. Peru
20. Viet Nam
21. Russia

Summit 1993 (Blake Island, Vision of Stability,

US) Security and
Prosperity
1994 (Bogor, Bogor Goals: (Free
Indonesia) and open trade
 and investment)
2010-Developed
2020-Developing
1995 (Osaka, Japan) Osaka Action
Agenda—Road to
APEC Goals by
2020
**PROPOSED
PHILIPPINE ACTION
PLAN for TRADE
and INVESTMENT
Liberalization and
Facilitation
--144 tariff line
classified as
sensitive
agricultural
products excluded
from tariff
reduction
1996 (MNL, PH) Manila Action Plan
 (Trade and
Investment
Liberalization
measures to reach
BOGOR GOALS
1997 (Vancouver, Vancouver
Canada) Framework---
proposal for Early
Voluntary Sectoral
Liberalization(EVSL)
in 15 Sectors
1998 (Kuala Agreed on First 9
Lumpur, Malaysia) sector of EVSL +
EVSL agree. On
Non-APEC
members at WTO
2000 (Bandar Seri Est. Electronic
Begawan, Brunei Individual Action
Darussalam) plan
2001 (Shanghai, Shanghai Accord
China) w/c focused on
 Broadening APEC
Vision, Clarifying
Roadmap to Bogor
and Strengthening
the
Implementation
Mechanism
2002 (Los Cabos, Adopt a trade
Mexico) facilitation action
plans, policies on
trade and the
DIGITAL ECONOMY
and
TRANSPARENCY
STANDARDS
2003 (Bangkok, Agreed to re-
Thailand) energize the WTO-
DOHA Dev.
AGENDA
2004 (Santiago, Issued statement
Chile) of support for
 progress in the
WTO-DDA
2005 (Busan, Adopted the Busan
Korea) Roadmap
2006 (Ha Noi, Viet Endorsed the Ha
Nam) Noi Action Plan
2007 (Sydney, Welcome the new
Australia) APEC trade
Facilitation Action
Plan reduced costs
by 5% in 2010
2008 (Lima, Peru) “A new
Commitment to
Asia-Pacific
Development”
2009 (Singapore) Commenced APEC
Services Action
Plan &
Environmental
Goods Services
Work Program
2010 (Yokohama, APEC Strategy for
Japan) Investment & APEC
New Strategy for
Structural Reform
2011 (Honolulu, Agreed to facilitate
US) Trade
remanufactured
goods
2012 (Vladivostok, APEC List of 54
Russia) Envi. Goods w/ a
commitment to
reduce rates to 5%
or less by 2015
2013 (Bali Promote
Indonesia) Connectivity and
infrastructure dev.
By adopting the
APEC framework
on Connectivity
and infrastructure
dev.
2014 (Beijing, Beijing roadmap
China) (FTAAP), APEC
STRATEGIES
BLUEPRINT, APEC
Accord on
Innovative Dev.,
Economic Reform
and Growth and
APEC Connectivity
Blueprint for 2015
2015 (MNL, PH) APEC SERVICES
COOPERATION
FRAMEWORK
(ASCF). Ministerial
Meeting on Iloilo
on Sept. 25, 2015,
the Boracay Action
Plan Agenda to
Globalized MSMEs.