National Center for APEC

THE VOICE OF U.S. BUSINESS IN THE ASIA PACIFIC

NCAPEC EVENTS

  • July 23 - July 28, 2017
    ABAC III
  • August 15 - August 30, 2017
    Senior Officials Meeting (SOM) III
  • August 21 - August 25, 2017
    Food Security Week
  • August 25, 2017
    High Level Policy Dialogue on Food Security and Sustainable Agriculture
  • September 11 - September 17, 2017
    Small and Medium Enterprises Ministerial Meeting

View full calendar

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

The Executive Forum, held on February 25, 2016 at the Intercontinental Hotel in San Francisco, focused on the potential for innovative and disruptive technologies to unlock economic growth in APEC economies and address some of the major issues that society is facing today. The program featured discussions on steps that governments can take, both domestically and collectively, to enable entrepreneurs and cutting edge companies to make the most of the potential that technology offers. The discussions held during the Executive Forum set the tone for the APEC Business Advisory Council (ABAC) I meeting and informed the Senior Officials’ Meeting (SOM) in Lima, as well.


Participants discussed the potential for new technologies to address some of society’s greatest challenges – poverty, health, and aging populations; implications of the Internet of Things on policymakers and traditional industries, what is needed to foster entrepreneurial innovation and creative disruption, and the role trade agreements play in promoting innovation and technological advances throughout the region.
Participants included senior-level government and business representatives from 21 Pacific Rim economies and thought leaders, media figures and representatives of US corporations, large and small, with an interest in the Asia-Pacific region.


Panelists included representatives from:

  • Eli Lilly and Company
  • Moody’s Corporation
  • PwC
  • Archer Daniels Midland Co.
  • Bill and Melinda Gates Foundation
  • JP Morgan
  • Australian Center for Financial Studies
  • Uber
  • REA Group
  • Microsoft
  • Caterpillar
  • John Deere
  • iotracks Inc.
  • Technology Research Project Corporation
  • Dolby Labs
  • Malaysian Communications and Multimedia Commission
  • Facebook
  • Google
  • Pacific Economic Cooperation Council
  • Peruvian Ambassador to the United States
  • UC San Diego
  • Asia Society Policy Institute
  • FedEx Express

To see pictures from the event, visit our blog at: www.ncapec.org/media/blog.html#CA

ABAC I and SOM I, the first major events of Peru’s APEC host year were held in late February and early March, respectively.

Text Box: 	APEC 2016	APEC Business Advisory Council (ABAC)  Leadership	Ambassador Luis Quesada	Juan Raffo, Honorary Chairman, Raffo Group  Themes	•	Regional Economic Integration and Quality Growth  •	Enhancing the Regional Food Market  •	Towards the Modernization of SMEs  •	Developing Human Capital	•	Consolidating progress towards the Free Trade Area of the Asia Pacific  •	Facilitating SMME development through access to global markets and new technologies  •	Promoting economic growth, diversification and sustainability  •	Strengthening rule of law and economic and social sustainability  Recent meetings	March 3-4 in Lima, Peru	February 24-28 in San Francisco, California  Notes	First APEC meeting of 2016 where government representatives presented proposals for initiatives for adoption by APEC Leaders and followed up on existing commitments and goals for APEC. SOM was preceded by 10 days of sub-group and other APEC meetings focused on trade, investment and related capacity building issues.	Hosted by the National Center for APEC under a theme of technology and innovation. Plenary sessions were preceded by visits to innovative US companies and a daylong NCAPEC Executive Forum on innovation and disruption.  ABAC Members also participated in a Dialogue with APEC Senior Officials from 18 APEC economies and an Hour of Code session as an introduction to computer science.  Senior U.S. Government Participation	•	Matt Matthews, US Senior Official for APEC  •	Bruce Hirsh, Assistant USTR for Japan, Korea and APEC Affairs	•	Ambassador Robert Holleyman, Deputy USTR  •	Ambassador Catherine Russell, State Department  •	Matt Matthews, Senior Official for APEC  •	Bruce Hirsh, Assistant USTR for Japan, Korea and APEC Affairs

Side Events
NCAPEC organized several side events on the margins of the ABAC meeting in San Francisco. On February 24, ABAC delegates and APEC Senior Officials visited the offices of NCAPEC Board Member companies Facebook and Google, as well as a special trip to Dolby for tours and discussions on technology-related policy.

ABAC Members also participated in a Microsoft-supported Hour of Code session that served as an engaging, hands-on introduction to computer science.

To see pictures from ABAC I, visit our blog at: www.ncapec.org/media/blog.html#CA

The APEC STAR Database is a powerful but little-known tool designed for businesses interested in providing services across borders. An Australian initiative that is co-sponsored by Chile, Japan, New Zealand, Mexico, Peru, the Philippines and the United States, the STAR Database is a catalogue of the various market access policies and regulations facing service providers seeking to expand their businesses in APEC economies.

Thorough and user-friendly, the Database provides information on the requirements for eight sectors of services in each APEC economy: distribution, education, financial, ICT, mining & energy, professional, telecommunications, and transportation & logistics. It also features an online forum where like-minded service providers can exchange information on their experience doing business in the Asia-Pacific.

The STAR Database can be accessed here.

 

APEC Services Competitiveness Roadmap
Last November in Manila, APEC Leaders adopted the APEC Services Cooperation Framework (ASCF) to “provide a common strategic direction and promote coherence in APEC’s work on services.” The ASCF was developed to “ensure that APEC’s multi-fora and multi-stakeholder services agenda will remain dynamic and responsive to economic, market, and technological developments of each APEC member economy” which includes the increasing “servicification” of various sectors and the expansion of global value chains with digital trade and big data. 

In the Manila Declaration, Leaders acknowledged that trade in services has an enormous potential for creating jobs and for increasing competitiveness in the global market and that inclusive growth cannot be achieved without addressing services-related issues, as many small businesses operate in this sector.
To this end, Leaders instructed Officials “to develop a strategic and long-term APEC Services Competitiveness Roadmap in 2016 with the adoption of a concerted set of actions and mutually agreed targets to be achieved by 2025.” The Roadmap is currently in development in APEC.

 

OECD Services Trade Restrictiveness Index
Trade in services drives the exchange of ideas, know-how and technology. It helps firms cut costs, increase productivity, participate in global value chains and boost competitiveness. Consumers benefit from lower prices and greater choice.

However, international trade in services is often impeded by trade and investment barriers and domestic regulations. The OECD’s Service Trade Restrictions Index (STRI) helps identify which policy measures restrict trade and provides policy makers and negotiators with information and measurement tools to open up international trade in services and negotiate international trade agreements.

Read more about the STRI here.


Services Coalition
In 2015 APEC launched the Asia-Pacific Services Coalition (APSC) to promote the interests of services enterprises in the APEC region. The U.S. is represented by the Coalition of Services Industries, which is also a co-convener of the group.

The goal of the APSC is to work with business and government to foster growth and efficiency in the services sectors through increased trade and investment, greater innovation and skills development, and pro-growth regulation in all APEC economies.

Current participants include:
Australian Services Roundtable, Australia
ABAC Brunei, Brunei Darussalam
Canadian Services Coalition, Canada
Hong Kong Coalition of Service Industries, Hong Kong, China
Indonesia Services Dialogue, Indonesia
Japan Services Network, Japan
Malaysian Services Providers Confederation, Malaysia
Business New Zealand, New Zealand
Business Council of Papua New Guinea, Papua New Guinea
Lima Chamber of Commerce, Peru
Philippine Services Coalition, Philippines
Singapore Business Federation, Singapore
Taiwan Coalition of Service Industries, Chinese Taipei
U.S. Coalition of Services Industries, United States
Non-APEC Economy: Asociación de Industriales de Colombia, Colombia

The APEC CEO Summit is by invitation only and is the Asia-Pacific's premier business event, providing unparalleled opportunities for business executives to engage in dialogue with APEC Leaders, high-level government officials and senior business executives. 

Under the theme of “Quality Growth and Human Development,” this year’s Summit will take place in Lima, Peru from November 17-19th.  The event will bring together APEC Leaders from the world’s most dynamic economies, speakers from the world’s top companies, and over 700 CEOs from across the Asia-Pacific region.  The program will feature two days of discussions, presentations and dialogue on a wide range of issues that will impact the future development of the region, including innovation, trade, sustainability and disaster resilience. 

Pacific Summit Resources, a subsidiary of NCAPEC, serves as the strategic advisor of the CEO Summit and coordinates U.S. and Mexican private sector participation in the event.

If you would like to request an invitation to this event, please submit your details here.

Pacific Summit Resources Contact: Darcie Vaughan dvaughan@psresources.org

Connect with us on our various social media channels to keep up-to-date with Asia-Pacific and APEC related news and events.

s s s

MEMBERS of the NATIONAL CENTER FOR APEC

!-- end calendar pull code -->