APR News

Russia, China and Mongolia signed the Memorandum on elaborating the programme to establish the economic corridor

Russia, China and Mongolia signed the Memorandum on elaborating the programme to establish the economic corridor.

According to the document, the economic corridor will be established between the three countries by aligning the development of the Eurasian Economic Union and Silk Road Economic Belt as well as “Steppe Road initiative” to facilitate transit traffic among the participants of the agreement, increase trade turnover, enhance the competitiveness of goods, boost financial and investment cooperation, and improve conditions for regional economic integration, real economic growth and joint development.


APEC Calls for Energy Smart Case Submissions

The award program spotlights successful efforts within APEC economies to promote the grassroots use of renewable energy, energy efficiency and/or the reduction of carbon emissions, in ways that are economically viable and improve job creation and growth.


It builds on APEC member collaboration to advance these priorities under the Energy Smart Community Initiative through the development and demonstration of new methodologies, technologies and applications, and by facilitating the adoption of industry best practices.


The award program is administered by the APEC Energy Working Group. Both public and private sector entities are encouraged to apply.


There are five award categories:


  • Smart Transport
  • Smart Buildings
  • Smart Grids
  • Smart Jobs and Consumers
  • Cross-Cutting (Community-Wide)


A deadline for submissions is July 31, 2015.

Entrants should file their case submissions electronically at: http://esci-ksp.org/submit-your-post/
The final results of the award program will be announced on October 20, 2015.


Press-release at the official APEC web-site


China joined the OECD Development Centre

On July 1, 2015 the People's Republic of China joined the OECD Development Centre which marks an important step in support of China's transformation and transition to a new growth model.

China is joining a group of 48 OECD and non-OECD countries that are members of the OECD Development Centre. The Centre helps decision makers find policy solutions to stimulate growth and improve living conditions in developing and emerging economies.
The OECD Development Centre has carried out significant research and dialogue on inclusive growth, economic restructuring, poverty reduction, the United Nations post-2015 agenda, the G20, global value chains, and sustainable development and has achieved remarkable results,” stated the President of the Chinese Development Research Centre of the State Council (DRC) Li Wei.

Press-release at the official OECD web-site
Remarks by Angel Gurría, Secretary-General, OECD on the visit of H.E. Li Keqiang, Premier of China


China-OECD cooperation crucial for international business

On July 1, 2015 China and the OECD signed a Medium-Term Vision Statement and a joint Programme of Work for 2015-2016. The Programme of Work foresees that China and the OECD will strengthen cooperation in 20 policy areas, ranging from macroeconomic management and structural reform to regulatory and public governance to green growth. This is particularly timely as China will soon unveil priorities for its 2016 G20 Presidency.

“China and the OECD need each other now more than ever…As Chinese companies ramp-up overseas investment, and as OECD-based companies continue to sow investments in China, a new and enhanced program for China-OECD cooperation should benefit both parties” - said Joerg Wuttke, Chair of the BIAC China Task Force.

The BIAC China Task Force regularly highlights the importance of strengthening rule of law and creating a level playing field for all companies in China, whether foreign or domestic, private or state-owned.

The OECD, a world-leader in policy tools, analysis, and advice on economic governance, is well placed to advise China on its reform agenda. OECD instruments, such as the Guidelines for Multinational Enterprises and the Anti-Bribery Convention, will be especially useful for Chinese companies investing overseas that face both the complexities and expectations of global markets.

Press-release at the official OECD web-site
Press-release at the official BIAC web-site


Association of South East Asian Nations (ASEAN) member countries are fast growing and play an important role in the Asia – Pacific region

Association of South East Asian Nations (ASEAN) member countries are fast growing and play an important role in the Asia – Pacific region. The recent EU Council conclusions prove this. The conclusions emphasize the EU interest in strengthening its relationship with ASEAN member countries and contain the EU commitment to support ASEAN in achieving its Connectivity goals and further boost the relationships with the institution.


APEC Lifting Asia-Pacific Trade Barriers for Small Businesses

Measures to lift trade barriers faced by small firms, the preeminent drivers of employment and growth among the region’s economies, were taken forward by officials and industry representatives meeting in Atlanta. The focus is on creating openings for small businesses to integrate in global value chains, or the different stages of international production and trade of goods, by partnering with larger companies in cross-border supply chains.

Small and medium enterprises account for more than 97 per cent of all businesses, about 60 per cent of GDP and half of the labor force in APEC member economies but a relatively low proportion of their exports—less than 25 per cent in the case of the United States as well as Indonesia, Japan, Malaysia, Singapore and Chinese Taipei, according to the APEC Policy Support Unit.

Officials further mapped out complex non-tariff policy barriers to facilitate small business participation in Asia-Pacific trade. Steps were additionally taken to widen trade participation in particular sectors. This includes training for hundreds of small and medium enterprises from APEC economies on meeting product safety regulations for temperature sensitive exports – ranging from agriculture, to pharmaceuticals, to flowers – new logistics technology that tracks and ensures product integrity, and supply chain financing.

Press-release at the official APEC web-site


Kazakhstan’s WTO accession package was adopted by the Working Party on June 23, 2015

Kazakhstan’s WTO accession package was adopted by the Working Party on June 23, 2015. The Working Party will now forward the Accession Package to the General Council for formal adoption by all 161 WTO members.

According to WTO Director-General Roberto Azevêdo, “The high quality of the accession package will accelerate Kazakhstan’s integration into the global trading system and provide a boost to Kazakhstan’s economy for years to come.”

Press-release at the official WTO web-site


APEC Turns to Small Firms to Combat New Health Threats

Actions to make it easier for small firms in APEC economies to participate in the cross-border production and trade of healthcare products, and reduce their costs and safety risks for consumers, were taken forward by officials during their meetings in Atlanta.

According to Dr Ryan MacFarlane, Chair of the APEC Life Sciences Innovation Forum Planning Group, “The enormous toll of non-communicable diseases on worker productivity is undercutting GDP by billions on a per APEC economy basis and well over a trillion region-wide. The health of people and economies on both sides of the Pacific will be exposed to even greater risk unless we take action now. Improving access to medicines and medical technologies through more robust, secure and economical cross-border trade flows, supported by wider small business participation in industry supply chains, is imperative.”

The region’s rapidly aging populations and increasing expenditure on healthcare and public pension systems add to the need for urgent policy remedies.

Officials are coordinating with industry representatives to identify and lower trade barriers that raise costs for consumers and make it costly or prohibitive for businesses, particularly small and medium enterprises, to integrate into the different stages of international production and trade of goods—known as global value chains. Harmonizing APEC members’ regulatory regimes is a priority, including work to establish well-defined and consistent medical product approval procedures among them within five years.

Work is further underway to promote adoption of the APEC Principles for Business Ethics in the Medical Device and Bio-Pharmaceutical Sectors among small and medium enterprises. The aim is to reduce incidents of corruption that raise business costs in the industry, driving up prices for consumers, as well as to ensure that healthcare decisions are made in a patient’s best interest.

Small and Medium Enterprise Ministers from APEC member economies will meet on 25 September in Iloilo, the Philippines to review the progress of these initiatives and take further policy actions to promote new trade opportunities for small businesses in the region.

Press-release at the official APEC web-site