National Center for APEC

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NEWSLETTER

Giving U.S. Business a Voice in the Asia-Pacific

Giving U.S. Business a Voice in the Asia-Pacific

The National Center for APEC is dedicated to the proposition that business must have a voice in the development of policies that impact the economies of the Asia-Pacific region. NCAPEC is the only U.S. business association focused exclusively on facilitating American private sector input into Asia-Pacific Economic Cooperation (APEC) process.


Complete list of NCAPEC publications

2014 marks the National Center for APEC's 20th anniversary year.

We plan on commemorating 20 years of serving as ' the voice of U.S. business in APEC,' by celebrating the many achievements of NCAPEC throughout the 2014 year, culminating in our anniversary dinner at APEC Leaders Week in Beijing, China.

A Brief History of NCAPEC

The National Center for APEC was founded on June 4, 1994 following the 1993 APEC Leaders' Meeting on Blake Island near Seattle. NCAPEC was estabilshed with support of the U.S. State Department to foster a national dialogue on APEC related issues and to support and promote U.S. business objectives to create more open markets, remove barriers to trade and investment, and to encourage economic cooperation in the region.

(Top Picture - Some of the original 1994 staff)

The original office began with a staff of 4, including current President, Monica Hardy Whaley, who began as NCAPEC's Deputy Director.

When the APEC Business Advisory Council was established in 1995, NCAPEC became the permanent secretariat for U.S. ABAC members, and continues to serve in this capacity.

In 2011, the National Center for APEC led the private sector USA APEC 2011 Host Committee that organized the APEC CEO Summit and other private sector APEC meetings throughout the U.S. host year.

Logo Refresh

As part of the 20th anniversary celebration, NCAPEC will be updating its logo that has been a part of the organization since it's establishment in 1994. The updated logo will be launched soon.

The APEC China CEO Forum is an initiative of the Beijing-based APEC China Business Council, produced this year in partnership with the U.S. National Center for APEC, to promote business and economic communications between Chinese business leaders, officials, and other stakeholders in China and the Asia-Pacific region.


This year's Forum will engage more than 250 public/private sector delegates from the around the APEC region, including APEC Business Advisory Council members from all 21 APEC Economies and a sizable delegation of executives from the APEC China Business Council. Delegates will participate in a high-level dialogue on a range of issues facing the APEC Economies during China's year as the 2014 APEC Chair, such as:

  • Trade Liberalization and Facilitation
  • Innovation
  • Infrastructure Development
  • Foreign Direct Investment
  • Asia-Pacific Workforce
  • Energy and Food Security
  • Sustainable Resource Management

 

The Forum will also address topics of special interest during China's chairmanship, such as the Third Plenum reform agenda and China as a global investor.  The objective of the Forum is to create opportunities for strategic discussions to further the understanding of doing business in and with China, as well as China's perspective on doing business with APEC Economies. You can download the notional program here.

To request an invitation, please fill out this form.

For questions or if you would like more information, email info@psresources.org.

(Top Picture: A panel on innovation at the 2013 CEO Forum)

From February 27-28th, APEC held the first in its series of annual Senior Officials Meetings (SOM). The SOM is a meeting in which senior level government officials set courses of action for the various Committees, Working Groups, and Task Forces that make up APEC, in response to directions from APEC Ministers and Leaders. As in many years past, NCAPEC staff were on the ground at these meetings to represent NCAPEC Board Member issue areas and interests.

In this SOM, Senior Officials focused on a number of areas critical to achieving growth in APEC economies. One significant issue that was addressed was that APEC member economies agreed to "intensify joint efforts to address impediments to cross-border investment in the region to meet rising infrastructure demand," which involved establishing a special committee to oversee the development and implementation of a new APEC Multi-Year Plan on Infrastructure Development. NCAPEC has led an effort to provide APEC Officials with private sector perspectives on these efforts through the ABAC Enablers of Infrastructure Investment Checklist.

Other items on the agenda included a proposal to the Committee on Trade and Investment by Australia, Japan, and the United States on promoting open services markets, in keeping with China's APEC host year priority of advancing regional economic integration, including enhancing cooperation on global supply chains. There was also a Policy Partnership on Food Security (PPFS) report on the recent conference and meeting held, outlining the initial steps that the PPFS is taking with the aim of strengthening partnerships in food security .

To see the full collection of reports and plans discussed in the Senior Officials Meeting, click here.

In December 2013, China announced that its priority areas for its hosting of APEC 2014 would be advancing regional economic integration; promoting innovative development, economic reform and growth; and strengthening comprehensive connectivity and infrastructure development. The Senior Officials' and Related Meetings held in Ningbo from February 15 – 28 provided an important opportunity for China to share more details on its objectives for these areas.


The theme of advancing regional economic integration focuses on making it cheaper, easier and faster to do business in the APEC region. This year economies will continue to work on enhancing supply chain connectivity – getting goods across borders faster and with less red tape. China is also leading work to foster the development of "global value chains" and help companies in APEC economies to join these global networks of manufacturers, designers and service providers. Finally, China will advance an initiative that will position APEC to make concrete contributions toward the achievement of a Free Trade Area of the Asia Pacific (FTAAP). This effort seeks to maximize APEC's potential to play an important role in making mega-regional trade agreements like the Trans Pacific Partnership and Regional Comprehensive Economic Partnership more compatible and user-friendly for companies on the frontlines of trade and investment in the Asia-Pacific.


China's focus on promoting innovative development, economic reform and growth reflects many of the issues that the economy is facing in its own development. The negative environmental impact of China's rapid growth is a major concern for the government and its citizens. APEC's strengths in economic and technical cooperation will be leveraged this year to advance work in green supply chains and promoting trade in environmental goods and services. China's ambitious economic reform agenda, as put forth at the 3rd Plenum in November, will require the economy to find new sources of growth to "buy time" for structural reforms to take hold. In APEC, China will lead an effort to maximize innovation-driven growth as well as an initiative to help middle-income economies avoid the "trap" that keeps them from making the leap to high income economy status. According to the World Bank, only 13 of the 101 economies that reached middle income status in the 1960s managed to make the subsequent leap to high income status.


Finally, work in the area of strengthening comprehensive connectivity and infrastructure development builds on initiatives launched under Indonesia's leadership of APEC last year. Specifically, China will develop the APEC Blueprint on Connectivity, a document that will serve as a road map, complete with benchmarks and key performance indicators, for improving physical, institutional and people-to-people connectivity among APEC economies. APEC will also begin implementation of the Multi Year Program on Infrastructure Development and Investment (MYPIDI) which aims to help economies meet their massive infrastructure needs.


In addition to specific deliverables in each of these priority areas, there may be other ways that China's hosting of APEC can contribute to regional development and cooperation. That fact that China's own reform agenda is reflected in the APEC 2014 priorities gives other economies insights on how the world's second largest economy is approaching major changes in the way it runs its economy. This will help smaller economies respond and adjust accordingly. Additionally, its hosting of APEC also presents an important opportunity for China to demonstrate both its ability to take a constructive leadership role in the region and its ability to collaborate effectively with other stakeholders in the region.

Transparency International publishes the Corruption Perception Index every year, which measures the perceived levels of corruption in the public sector of 177 countries.

NCAPEC developed the following infographic which takes APEC economies' 2013 data and compares it to the worldwide average.

APEC Economies

APEC economies, taken as a whole, consistently outperform the worldwide average in terms of perceived corruption. 12 out of 21 APEC economies scored above average, and the APEC average score has consistently stayed above the world-wide median score.

Corruption is estimated to cost the world economy 5% of its GDP, or about US $2.6 trillion.[1]

Thanks to ten years of focused anti-corruption work, APEC economies have become a relatively small contributor to that number.

[1] World Economic Forum, http://www.weforum.org/pdf/paci/BusinessCaseAgainstCorruption.pdf

NCAPEC and the Asia Society co-hosted an event on January 14 in New York that drew over 170 attendees.

The panelists included: Bob Wang, U.S. Senior Official for APEC; Ann Weeks, Vice President, Global Government Affairs, UL; Peter Petri, Professor of International Finance in the International Business School at Brandeis University; Monica Whaley, President, National Center for APEC.

Panelists discussed outcomes from APEC Leaders' Meeting in Bali and a look ahead at China's agenda for APEC 2014.

They were united in the view that China's hosting of APEC presented a number of important opportunities to advance regional economic integration through major free trade initiatives and tackling key issues facing the Asia-Pacific region. The event was webcast live and questions were taken from online viewers as well as attendees.

Watch Sinovision Journal's coverage of the APEC briefing, including an interview with NCAPEC President, Monica Hardy Whaley.

MEMBERS of the NATIONAL CENTER FOR APEC