TRADE FACILITATION EVENTS
Strategic Framework for Regulatory Coherence
Regulatory coherence fosters an optimal regulatory environment that allows the market to be more open, competitive, and innovative. This publication assesses the impact of regulatory coherence best practices on three different sectors: the off-highway vehicle, dairy, and electronics industries.
For further information on the National Center for APEC's work on trade facilitation, please contact Stephanie Henry.
Trade facilitation has been central to APEC’s agenda since its inception in 1989. Since that time, APEC has helped lower average applied tariffs across Asia-Pacific economies from nearly 17 percent in 1989 to around 6 percent in 2011.
As tariffs barriers have lessened, new reforms that address other trade barriers have become even more important to help achieve APEC’s goal of free and open trade and investment environments. Removing complex, non-transparent, and duplicative administrative processes that affect customs, licensing, payments, and other trade areas remain a top APEC priority.
Coordinating U.S. Private Sector Priorities and Advocacy
The National Center for APEC (NCAPEC) works collaboratively with U.S. industry to advocate for sound trade policies in the Asia Pacific region. In 2012, NCAPEC supported efforts to develop a single-window tariff database that helps companies in all APEC economies take advantage of trade liberalizations achieved through free trade agreements.
NCAPEC is also helping to fulfill APEC Leaders' commitment to improve supply-chain connectivity and make commerce faster, easier, and cheaper. Through engagement with the APEC Business Advisory Council (ABAC) and the U.S. Trade Representative (USTR), NCAPEC continues to support work on the Supply Chain Connectivity Framework, which aims to improve supply-chain performance by 10 percent.
Collaborating with U.S. Government Officials, International Institutions, and APEC Officials
NCAPEC provides a valuable platform for U.S. industry to engage with U.S. government officials –including USTR and the U.S. Departments of State and Commerce – to convey private sector priorities and identify opportunities for public-private cooperation on trade facilitation initiatives.NCAPEC also maintains strong relationships with U.S. and foreign representatives participating on the APEC Committee on Trade and Investment (CTI), which coordinates APEC's work on trade facilitation.
Advancing U.S. Business Priorities in the APEC Business Advisory Council
The APEC Business Advisory Council (ABAC) is the formal mechanism for private sector input into the APEC process. Three U.S. company representatives are appointed by the U.S. government to serve on ABAC, and NCAPEC serves as the Secretariat for U.S. ABAC members.
In collaboration with ABAC’s Regional Economic Integration Working Group (REIWG), NCAPEC works to advance common trade facilitation priorities, such as business mobility, regulatory coherence, supply chain connectivity, e-commerce, and customs procedures. NCAPEC also ensures that ABAC's recommendations and key messages to APEC officials reflect U.S. private sector priorities. ABAC conveys its trade facilitation priorities in its annual Letter to Trade Ministers, as well as through regular engagement with the APEC CTI and its sub-committees.
The APEC Alliance for Supply Chain Connectivity
The APEC Alliance for Supply Chain Connectivity (A2C2) was established in May 2014 by APEC Trade Ministers. It was created to serve as a channel for the private sector and international stakeholders to contribute to APEC’s supply-chain performance initiative. NCAPEC serves as a co-convener for the A2C2. In this role, NCAPEC engages directly with A2C2 participants to advise APEC economies on ways to improve supply chain performance by reducing shipment times, lowering transit costs, and facilitating movement of goods.