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Overview of APEC: Purpose and Members

APEC is an economic forum founded in 1989 to promote trade and cooperation among countries in the Asia-Pacific. It brings together 21 economies from the region, including the U.S., China, and Japan. The forum aims for trade liberalization, investment facilitation, and technical cooperation among its members. In 2016, Peru assumed the presidency of APEC and hosted the leaders' summit, aiming to increase trade and investment opportunities in the region.

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0% found this document useful (0 votes)
6 views7 pages

Overview of APEC: Purpose and Members

APEC is an economic forum founded in 1989 to promote trade and cooperation among countries in the Asia-Pacific. It brings together 21 economies from the region, including the U.S., China, and Japan. The forum aims for trade liberalization, investment facilitation, and technical cooperation among its members. In 2016, Peru assumed the presidency of APEC and hosted the leaders' summit, aiming to increase trade and investment opportunities in the region.

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APEC

1.
1.1. MEANING OF THE APEC ACRONYM

APEC (Asia-Pacific Economic Cooperation, in Spanish Forum of


Asia-Pacific Economic Cooperation (APEC) is a multilateral forum created in
1989, with the aim of consolidating growth and prosperity of the
Pacific countries, which deals with topics related to exchange
commercial, economic coordination and cooperation among its members.

1.2. FUNCTION OF APEC

As a mechanism for cooperation and economic coordination, it is


oriented towards the promotion and facilitation of trade, investments,
economic and technical cooperation and regional economic development of
the countries and territories of the Pacific Ocean basin promoting a
inclusive, equitable, sustainable, and innovative economic growth.

1.3. APEC HEADQUARTERS

The Forum has a General Secretariat, based in Singapore -


Turkey, which is responsible for coordinating technical support and
consulting.

2.

2.1. WHAT IS APEC?

APEC is a multilateral informal consultation forum created for the purpose of


to promote technical and economic cooperation, growth
economic, as well as the liberalization and expansion of free trade
entre sus miembros, buscando consolidar el desarrollo y el bienestar de
the same.

The forum operates by consensus and, being a mechanism of cooperation and


economic agreement, aims to achieve free trade and investment
open. To this end, its members have committed to reduce the
barriers to trade and investment, as well as to facilitate safe and
efficient circulation of goods, services, and people within the
borders of the region. Each year, one of the member economies of
APEC assumes the significant responsibility of being the host.
by virtue of this, assumes the temporary Presidency of APEC, becoming
responsible for presiding over the most significant meetings, becoming
thus at the venue of the largest number of meetings.
2.2. OBJETIVOS DEL APEC

a. Liberalization of trade and investment


The liberalization of trade and investment is focused on opening up.
of the markets and the significant reduction of barriers y
restrictions on trade and investment.

b. Trade and investment facilitation


Trade facilitation is focused on reducing costs
business [Link] also focuses on improvement of the
access to commercial information, maximizing the benefits of the
information technology. Essentially, the facilitation of trade
help entrepreneurs run their businesses more efficiently in
the Asia Pacific.

c. Technical and Economic Cooperation (ECOTECH)


Technical and Economic Cooperation (abbreviated in English as ECOTECH)
understand cooperation activities to strengthen capacities
institutional and individual in various sectors of the 21 members,
allowing all of them to benefit from the process of
liberalization and facilitation of trade and investments.
2.3. IMPORTANCE OF APEC

Globally, the importance of APEC is significant, as it not only


it is the most economically dynamic region in the world, but rather by the
economic, commercial and political importance of its members. The 3
The world's leading economies are members of the Forum. (USA, China and
Japan.

APEC brings together the most significant and dynamic economies of Asia.
Pacífico and its members represent a considerable percentage of the
world population, international trade, and global GDP. Participate
APEC is an extraordinary opportunity to strengthen ties.
with its other members and strengthen international trade of the
region. APEC serves as a platform to promote relationship agreements
international economics in order to promote strategic alliances
that drive the growth of the region. Some examples of this,
that serve to illustrate what APEC has been doing, are the
negotiations for the FTAs with Singapore and Thailand; the start of the
negotiations with Canada and the Joint Feasibility Studies with
China and Korea.

2.4. When was APEC established?


The Forum was established in Canberra, Australia, in November 1989.
at the initiative of then Australian Prime Minister, Robert Hawke,
response to the growing economic interdependence between the
economies belonging to the Asia Pacific.

3. MEANING OF SUMMIT IN PERU


For Peru, the importance of belonging to the forum is fundamental, since
that APEC is Peru's main tool to strengthen its relationships
commercial and investment with the Asia – Pacific, allowing integration
regional of the country through non-binding commitments, taking into
it accounts for their sensitivities and particular circumstances.

In 2013, APEC economies represented 57% of exports.


Peruvian women and 60% of imports. Likewise, 53% of tourists who
They arrived in Peru that year coming from APEC economies.

4. WHO MAKES UP APEC?


APEC participants are understood as 'Economies' and not as
Member States, due to the purely commercial nature and
economic purpose for which they cooperate with each other. Currently, there are 21.
Economies belonging to the Asia Pacific.

5. WHERE DOES THE APEC LEADERS WEEK 2016 BEGIN?


This Monday, November 14, APEC Leaders' Week begins in Peru.
2016 the same that will take place until November 20 in the city
from Lima and will bring together the Leaders, Ministers, and High Officials of the 21
member economies of the Forum.

The Leaders' Week will consist of four important events,


in which the agreements reached in the meetings held in the
year of the Peruvian presidency of APEC, held in seven cities
peruvians.
The first will be the APEC Senior Officials' Concluding Meeting: Center
of Lima Conventions (November 14-15).
This meeting will be led by Luis Quesada Incháustegui, President of
the APEC 2016 Senior Officials Meetings, and will aim to
define new measures to boost productivity, the creation of
employment and economic and social development in the region.
6. MAIN FACES OF THE APEC LEADERS' SUMMIT 2016

Barack Obama, president of the United States. He is just a few weeks away from
to conclude his mandate after eight years in power.

Vladimir Putin, president of Russia. The current one is his third term.

Xi Jinping, 63 years old, has been the president of China since 2013.
Rodrigo Duterte, president of the Philippines. He has indicated that he will not respect the
human rights of terrorists or drug traffickers operating
in their country.

Justin Trudeau, Prime Minister of Canada since 2015. He has been


protagonist of various movements in favor of social liberties.

Shinzo Abe, Prime Minister of Japan in two terms.

7. PURPOSE OF APAEC ON TRADE AGREEMENTS OF PERU


The most outstanding benefits we will obtain from this summit are
summary of the following:
 Opportunities for private investment, trade, and will increase.
businesses in our country, the attraction of private investment for
Our country will no longer be a complex process but a simple one, for Peru
it is one of the countries that presents a country risk indicator below
of minimum and macroeconomic, social, and political stability, reason for the
which is currently viewed positively by private capital
externals.
 It will allow us to promote inbound tourism, attract tourists from around the world.
full of destination to our tourist wonders, we will be able to offer to the
the whole world with ease the benefits and charms of the destination
Peruvian tourist.
 We will be able to sign bilateral treaties with the member countries of
APEC, that is, APCs (Trade Promotion Agreements) with countries of
great economic importance such as Greater China, Taiwan, Korea, Japan,
Canada, etc. Economies with great economic and commercial potential.
 We will be the interlocutors of the Andean region of South America with the
APEC, since we are the only member country in the region that is part of
this economic bloc.
 We will be able to encourage our national capitals to invest in others
markets that integrate APEC, in such a way that they generate spaces
commercial and cooperate with Peru's exports to the world,
increase your capitals and reinvest in our country to generate
more decent jobs for everyone and build a balanced country
economically with social justice.

8. WHY DID PERU JOIN APEC?

For Peru, joining APEC means a tool to strengthen


business relationships.

Since its entry, trade has grown by up to 12% annually.


signed 17 agreements with different economies and 60% of the
Imports and exports come from APEC.

9. APEC MEMBERS
There are 21 members: Australia; Brunei Darussalam; Canada; Chile; Republic
["Popular China","Hong Kong, China","Indonesia","Japan","Malaysia","Mexico","New"]
Zelanda; Papúa Nueva Guinea; Perú; Filipinas; Rusia; Singapur; Corea;
Chinese Taipei; Thailand; United States and Vietnam.
NEGOTIATION RECONCILIATION MEDIATION
A third party is not used. Satisfactory solution and does not propose solutions.
voluntary to the conflict.
Parts discuss and Does not offer or impose Does not decide on the
they negotiate. solutions. solutions.
Direct resolution of Using a third party. Through a third party
the parts. they contrast options.
Searching for a Mediator should involve using a third party.
solution. public official.
Verbal Agreement and Written Agreement. The mediator can be
written. any person.
Encourages the agreement of
word

CASE OF MUTUAL AGREEMENT RESOLUTION


Juan and Salomé are a married couple who after four years of
coexistence and a small baby of only two months old. It began to
no understanding between them. Continuous arguments occurred.
They have heard about a family mediator who has recommended a
common friend. After visiting the mediator, they reached a mutual agreement.
under the following points: 1.- Temporary suspension of coexistence. No
they rule out resuming the same after a while, but there is no commitment to
do it. 2.- They establish the agreements in this situation of de facto separation
about the use of the residence, the custody of the baby, and the visits of the non-custodial parent
guardian, alimony, and the payment of half of the mortgage of
Floor. 3.- No judicial or separation proceedings will begin nor
divorce. 4.- They set a validity period of 12 months for the agreement.
After that period, the agreement becomes void.

CASE OF RESOLUTION IN WHICH JUSTICE IS SOUGHT

Pablo lent Juan the amount of 500 soles, by signing a


agreement in which 600 would be returned in 12 months; as the date approaches Pablo
visit Juan to make the payment and he refuses saying that it was made to him.
impossible to gather the money by the deadline, giving a little more time and Juan
he has the same answer. Upon seeing this situation, Pablo decides with
with the document in hand, go with your lawyer to file the complaint for
breach of signed agreement, at which point the
process against Juan Yaque as he refused to return the money.

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