Tag: APEC

Important role for APEC to support developing economies

Press Release – APEC Singapore, 5 June 2014 UNDP Administrator Helen Clark said that trade facilitation and capacity building are essential to enable developing economies to take part in the integrated global economy.Important role for APEC to support developing economies: UNDP’s Helen Clark Singapore, 5 June 2014 – UNDP Administrator Helen Clark said that trade facilitation and capacity building are essential to enable developing economies to take part in the integrated global economy. On the occasion of APEC’s 25th anniversary, Ms Clark discussed her involvement with APEC and highlighted key issues to address moving forward. To watch the video interview with Helen Clark, click here. Broadcast-quality sound bites available at the APEC Online Media Center. Ms Clark said that regional economic integration has taken a slower path despite efforts by some member economies to pursue regional trade agreements. “When I was Prime Minister of New Zealand, with Chile, Singapore and Brunei, we were fast movers on the Trans-Pacific Partnership, but expanding that has proven to be rather difficult,” said Helen Clark, UNDP Administrator. “I am sure APEC will keep working away at this.” In particular, she stressed the importance of APEC’s capacity building work to help support developing economies. Ms Clark applauded APEC’s evolving agenda to promote balanced, inclusive and sustainable growth. While the region has been successful at fighting extreme poverty, inequalities have also increased. Sustainability must also...

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Prime Minister Key: regional trade critical to growth

Press Release – APEC Growing consumer demand in the Asia-Pacific is lifting New Zealands export-oriented economy but greater market access and reductions in behind-the-border barriers are needed to fully capitalize on the regions growth opportunities, according to Prime …Prime Minister Key: market access, regional trade critical to growth Wellington, 19 February 2014 – Growing consumer demand in the Asia-Pacific is lifting New Zealand’s export-oriented economy but greater market access and reductions in behind-the-border barriers are needed to fully capitalize on the region’s growth opportunities, according to Prime Minister John Key. The Prime Minister discussed regional trade and economic cooperation in an interview in Wellington, after the conclusion of a meeting of the APEC Business Advisory Council in Auckland whose recommendations included further integration of APEC economies to improve the business environment. Click here for interview with Prime Minister Key. Given that New Zealand is a strong advocate of free trade and is in the heart of TPP negotiations, Prime Minister Key noted that the government sees substantial opportunities and internal modelling projects strong economic benefits for both New Zealand and all players. Though free trade agreements are significant initiatives, Prime Minister Key said that does not mean participating economies will automatically have strong and successful trading relationships. New Zealand’s economy is expected to grow by around 3.5 percent in 2014, its central bank reports. This is on par with...

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APEC Can Be an Integrator of Agreements, Say Experts

Press Release – APEC Singapore, 19 Jun 2013 – APEC member economies work to promote greater integration in the region could help to consolidate the growing number of free trade agreements and strengthen the multilateral trading system on which they are based.APEC Can Be an Integrator of Agreements, Say Experts Issued By the APEC Secretariat Singapore, 19 Jun 2013 – APEC member economies’ work to promote greater integration in the region could help to consolidate the growing number of free trade agreements and strengthen the multilateral trading system on which they are based. This was among the key messages offered by trade experts during a recent workshop in Singapore to help members of parliaments from Asia-Pacific economies better understand new trade patterns and the path to improving the flow of goods and services. “The proliferation of free trade agreements is driven by a need to keep the wheels of growth spinning,” said Dr Alan Bollard, Executive Director of the APEC Secretariat. “But this is resulting in a complex tangle of commitments that are hard for economies to manage and for businesses to understand and utilize.” “Regional measures such as the Trans-Pacific Partnership and the Regional Comprehensive Economic Partnership are intended to establish clearer preferences and rules of origin,” Dr Bollard explained. “These negotiations are built on APEC’s work to establish free trade throughout the region and could bring us...

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APEC provides boost to world economy, says Gita

Press Release – APEC APEC member economies are in a position to provide an added boost to the world economy and the multilateral trading system. This is vital to sustaining the gradual recovery that appears to be currently underway, said Gita Wirjawan, Indonesias Trade Minister …APEC provides boost to world economy, says Gita Surabaya, Indonesia, 20 Apr 2013 – APEC member economies are in a position to provide an added boost to the world economy and the multilateral trading system. This is vital to sustaining the gradual recovery that appears to be currently underway, said Gita Wirjawan, Indonesia’s Trade Minister when he opened the APEC Ministers Responsible for Trade Meeting on Saturday in Surabaya. At their meeting this weekend, Ministers are discussing ways to support the multilateral trading system including attaining the Bogor Goals, achieving sustainable growth with equity and promoting connectivity. They have also gotten briefings from the World Trade Organization and the private sector. “We gather here at a time when the global economy is believed to be improving although the road to recovery may be still bumpy,” explained Gita. “The world is increasingly looking at APEC as a new source for global economic growth.” Gita acknowledged that increasingly economies in the Asia-Pacific view regional trade agreements as a way to reduce barriers to business and strengthen economic productivity. The region is host to some development toward...

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