Companies say it's time for APEC to deliver the goods

Article Abstract:

The business community is beginning to question whether the Asia Pacific Economic Cooperation (APEC) forum will contribute to economic growth in the region in view of its lack of immediate and concrete benefits for business. Seven years after it was launched, its achievements are limited to geostrategic moves, including the creation of a community of 18 diverse economies and eliciting US involvement in Asian affairs. Its supporters, on the other hand, contend that it is too soon to judge the APEC, given its enormous task of achieving consensus among economies of varied size and sophistication.

Intnl Economic Policy, Economic aspects, International economic relations, Pacific Area

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Forum pushes new strategy: Open markets one by one

Article Abstract:

The Asia-Pacific Economic Cooperation (APEC) forum is adopting the sectoral method in addressing trade liberalization after APEC's success with an Information Technology Agreement at its 1996 summit at Subic Bay in the Philippines. Nonetheless, because of the wide diversity of interests of APEC members, they are finding it hard to agree on which sector should be opened first. Analysts claim APEC should establish a timetable to open the markets in order to sustain the thrust of trade liberalization.

Export Promotion, International aspects, Asia, Foreign trade promotion

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Asian businesses call on APEC to reduce barriers

Article Abstract:

An independent group representing the business community urged the Asia Pacific Economic Cooperation (APEC) to reduce trade barriers. The APEC Business Advisory Council is pushing for a proposed 10-yr. APEC business visa, the opening of airport open fast-track business lanes and the development of a patents and trademarks registry. The group expects the APEC to evaluate the proposals during its summit in the Philippines in Nov. 1996.

Laws, regulations and rules, Nontariff trade barriers

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