2015/SOM2/032 Agenda Item: 3.1 ABAC s Contribution to APEC Purpose: Information Submitted by: ABAC Second Senior Officials Meeting Boracay, Philippines 20-21 May 2015
APEC Business Advisory Council ABAC s CONTRIBUTION TO APEC SOM 2 Boracay, Aklan May 20-21, 2015 www.abaconline.org END GOAL To uplift the quality of life of the people and achieve greater prosperity in the region Remove barriers to trade Promote regional Bogor economic Goal integration Free and open trade and investment Empower all sectors to have meaningful access to increased business opportunities 1
ABAC Work Program F APEC Pillars Remove barriers to trade Promote regional economic integration Empower all sectors to have meaningful access to increased business opportunities Fair and equitable outcomes for the region s people and greater prosperity for all Building More Effective Global Value Chains Support for the WTO and Anti Protectionism New Services Agenda TiSA Negotiations Expansion of STAR Database PPDs Enabling FTAAP ABAC FTAAP Study Trade and Investment Liberalization and Facilitation Establishment of APEC Coalition of Services Organizations TPP Negotiations F Address non tariff barriers ABAC s contribution to strategic study on FTAAP: Study team Peter Petri of Brandeis University Christopher Findlay of the University of Adelaide Ganesh Wignaraja of the ADB in Manila Michael Plummer of Johns Hopkins University 2
ABAC s Contribution to the Strategic Study on FTAAP Analyze existing FTAs and RTAs and those under negotiation in the APEC Region consider how they could operate as building blocks to facilitate the realization of FTAAP analyze utilization issues Identify how access to their benefits and opportunities might be increased Challenges and difficulties for utilization will be identified, including NTBs Next generation issues will be identified ABAC s Contribution to the Strategic Study on FTAAP Recommendations to ensure that all businesses big and small are able to benefit and participate 3
New Services Agenda PPD 2 on Information Technology and Business Process Management, Creative Industries, and Research and Development Services PPD 3 on Manufacturing, Agriculture and Environmentrelated Services Preparations for PPD IV and Regional Conference of Service Coalitions APEC Services Coalition Support for the APEC Services Cooperation Framework and the APEC Virtual Knowledge Center on Services New Services Agenda and GVC SERVICES VAST OPPORTUNITIES TO ALL SIZES OF BUSINESSES IN THE GVC 4
Institutional Connectivity People to People Connectivity Physical Connectivity Rule of Law Global Data Standards Digital Economy Skills Mapping Labour mobility Travel Facilitation Agenda, ABTC Infratrcuture Development (AP UIN, Infra Enablers Checklist, Int l Infra Support System Deliverables: Recommendations to advance the digital economy agenda Development of a checklist on improving economies performance on the Rule of Law Index Development of sector specific pilot projects on the deployment of global data standards Recommendations on how to improve the usefulness of the APEC Business Travel Card (ABTC) People to People Connectivity High Level Policy Discussion on Human Capacity Building, PNG called for closer collaboration between ABAC and APEC in: defining 21 st century global worker Developing new skills for 21 st century business Developing new approaches to cross border labour flows ABAC study with PwC on the new global worker 5
Institutional Connectivity Rule of Law Exploring possible joint meeting with APEC Justice Ministers Global Data Standards Capacity building and best practice learning Digital Economy Holistic approach needed on implications of digital and internet developments Inputs to the recently held internet economy symposium Physical Connectivity Enablers of Infrastructure Investment Checklist selfassessment process International Infrastructure Support System Asia Pacific Infrastructure Partnership Dialogue, March 4 Progress in work streams of Asia Pacific Urban Infrastructure Network 6
Green Growth Trade Liberalization and Facilitation of Environmental Goods and Services APEC Mining Task Force Public Private Dialogue ABAC Remanufacturing Initiative APEC Resource Development Based on Sustainable Production Principles Food Security PPFS ABAC Sponsored private sector food forum SM MEE WG Healthy and Productive Workforce Healthy Women, Healthy Economies Study on the impact F of health on pension funds Energy Security Liveable Cities PPFS: Close collaboration between APEC and ABAC in setting agenda and priorities Considering legal structures and regulations that strengthen enforcement of environmental regulations On going work in identifying Metrics on Sustainable Cities Sustainable Development Work Program PPFS: Close collaboration between APEC and ABAC in setting agenda and priorities Forum on Food Security, May 11, Singapore Generated food industry views on policy issues Considering legal structures and regulations that strengthen enforcement of environmental regulations On going work in identifying Metrics on Sustainable Cities 7
Sustainable Development Work Program Promoting LSIF study results on NCD on workforce productivity Contribute to MTF Identifying health related barriers to women s participation in the economy Identification of Barriers to energy trade study to examine the impact on pensions from early retirement due to ill health, including ill health that is caused by non communicable diseases Healthy women, healthy economy Building Innovation and Value Adding Activities in s Asia Pacific Open Innovation Platform Innovation for Inclusive Growth Facilitating Access to Regional and Global Finance and Promoting Resilient s (Asia Pacific Forum on Financial Inclusion, APFF Roundtable on Financing MSMEs, International REI WG Conference on Warehousing and Collateral Management, APEC Accelerator Network Forum) Harnessing Women s Participation in the Economy ABAC Women s Forum F Internationalization of s CBET and 2015 CBET e Learning Program Small Business as Part of Big Business GVC Marshall School Study: Promoting Inclusion through the Digital Economy ABAC AIM study on Small Business As Part of Big Business Value Chain ABAC study with USC Marshall School on Inclusion Through the Digital Economy Development of Cross Border E Commerce Training (CBET) Online Program 8
Work Program Discussions on the Asia Pacific Open Innovation Platform (AP OIP) ABAC Women s Forum held regularly Innovation for Inclusive Growth Macro Economic Overview and Developments in the International Financial System Capital Market Development and Integration and Financial Inclusion Infrastructure Finance and Investment F Improving Valuation Standards and Practices in APEC Generating inputs to the Cebu Action Plan First meeting of RIAG, Melbourne, 2 3 March 2015 APFF work on Retirement income/longevity solutions 9
F Capital Market Development and Integration Special Session with the SME Ministers Implementation of the APFF Action Plans related to financial market development APFF Action Plan to expand access to finance ABAC supports the Boracay Action Agenda to Globalize MSMEs Cross Cutting Issues and F REI WG and F and F F and F There are also a number of cross cutting finance issues that ABAC is studying. These include: Infrastructure Investment Trade finance and Regional Investment Analytical Group Access to finance, supply chain finance, innovative financing mechanisms and digital microfinance Access to finance for green projects Disaster risk finance and micro insurance 10
BOGOR GOALS Free and open trade and investment by 2020 Creation of wealth Women Empowerment Lowered cost of living from reduced trade barriers Increased job opportunities Remove barriers to trade Promote regional economic integration Empower all sectors to have meaningful access to increased business opportunities Reduction of poverty in the region Increased business opportunities Improved ease of doing business Healthy, productive workforce To uplift the quality of life of the people and achieve greater prosperity in the region 11
Thank you 12