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Trade and investment liberalisation and facilitation are the cornerstones of APEC's mission and activities, and the Committee on Trade and Investment (CTI) is the coordinating body for all of APEC's work in these areas.

The CTI provides a forum for APEC's 21 member economies to deliberate trade and policy issues. It works to reduce impediments to business activity in the areas outlined by the Osaka Action Agenda, with the objective of helping APEC economies achieve the Bogor Goals of free and open trade and investment.

The CTI oversees:

  • Eight sub-groups: Business Mobility Group (BMG), Electronic Commerce Steering Group (ECSG), Group on Services (GOS), Intellectual Property Experts' Group (IPEG), Investment Experts' Group (IEG), Market Access Group (MAG), Sub-Committee on Customs Procedures (SCCP), Sub-Committee on Standards Conformance (SCSC); and
  • Three industry dialogues: Automotive Dialogue (AD), Chemical Dialogue (CD) and Life Sciences Innovation Forum (LSIF).

The CTI was established in November 1993 by the Declaration of an APEC Trade and Investment Framework. APEC Leaders and Ministers direct its work and APEC Senior Officials provide guidance. The scope of the CTI's work was expanded and further clarified by the Osaka Action Agenda in 1995.



  • Current Activities
  • Achievements
  • Contacts
  • News
  • Events

For 2014, the CTI will continue to advance the CTI-related action as directed by Ministers and Leaders in Bali; as well as those actions outlined in its 2013 Annual report to Ministers. Substantive discussion and subsequent adoption of priorities and work program will be undertaken at the 1st meeting of the Committee in Ningbo, China in the margins of the 1st Senior Officials Meeting in February 2014.  In the meantime, some of the planned activities or mandated tasks include:

Exploring a Free Trade Area of the Asia-Pacific (FTAAP)

Bogor Goals Progress Report 2014

  • Oversee the preparation and submission of Individual Action Plans in 2014, as provided for in the Bogor Goals Progress Report Guidelines adopted in 2011 for reviewing 21 economies’ progress towards achieving free and open trade and investment by 2020. 

Next Generation Trade and Investment Issues

  • Continue to progress implementation of the next generation trade and investment issues that were addressed in 2011 and 2012: such as to finalise the Innovation and Trade Implementation Practices; and exchange best practices on formulating transparency chapters of Regional Trade Agreements (RTAs)/Free Trade Agreements (FTAs).

  • Identify additional next generation trade and investment issues for work in 2014 and beyond, as encouraged by Ministers in Bali.

Environmental Goods and Services/Green Growth

  • Continue with the implementation of the APEC List of 54 Environmental Goods (adopted in 2012) by the end-2015 through the conduct of the first Public-Private Partnership (PPP) dialogue on the Environmental Goods List and the development/administration of appropriate capacity building programs to facilitate implementation.

  • Continue to progress work on “Electronics Stewardship” which focuses on environmentally sound management of used electronics. 

Supply-Chain Connectivity Framework and Action Plan (SCFAP)

  • Continue implementation of the Supply Chain Connectivity Framework and Action Plan (SCFAP) and advance the diagnostic phase of the systematic approach to improve supply chain performance. 

Expanding Regulatory Cooperation and Advancing Regulatory Convergence

  • Conduct the 2014 APEC Regulatory Advancement Mechanism (ARCAM) Dialogue on Electric Vehicles.  The APEC Regulatory Advancement Mechanism (ARCAM) is a process through which trade officials and relevant regulators are able to conduct work on emerging regulatory issues to promote better alignment of technical requirements and standards.

  • Review the outcome of the “mapping exercise” to be undertaken by the APEC Policy Support Unit (PSU) on different models of self-regulation and different regulatory approaches.

  • Consider the APEC Policy Support Unit (PSU) study on voluntary standards and regulatory approaches in advertising in the region, including self-regulation in advertising, under the 2nd ARCAM Dialogue of 2012.  

Streamlining CTI sub-fora

  • Undertake a review of the effectiveness and efficiency of existing sub-fora under the process agreed in 2013 to streamline CTI sub-fora and reduce the frequency of CTI sub-fora meetings.

 

 

 

 

 

Average applied tariffs in APEC economies have been reduced from 16.9 percent in 1989, when APEC was established, to around 5.7 percent in 2011. APEC's total trade (goods and services) has increased from US$3.1 trillion in 1989 to over US$ 20 trillion in 2012. Intra-APEC merchandise trade (exports and imports) has grown from US$3.5 trillion in 1996 to US$11.8 trillion in 2012, accounting for 67 percent of APEC's total merchandise trade.

Average Tariffs in the APEC Region have Fallen from 1989 to 2011

 

 

 

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 CTI 2013 Work Plan

In 2013 CTI adopted a work program organized around five priority areas that contribute to APEC 2013 Priorities under the theme of “Resilient Asia-Pacific, Engine of Global Growth.”  The five areas were:

  • Support for the multilateral trading system

  • Attaining the Bogor goals, trade and investment liberalization, and regional economic integration

  • Promoting connectivity

  • Expanding regulatory cooperation and advancing regulatory coherence

  • Contributions to APEC growth strategy and cross-cutting mandates. 

The 2013 CTI Annual Report to Ministers contains an overview of CTI’s work in 2013 and its 11 sub-fora and industry dialogues and the progress they made on their respective work programs.

CTI advances and achievements in 2013 include:

  • Agreement on APEC Best Practices to Create Jobs and Increase Competitiveness as an indicative model for driving new and expanded job creation, enhancing competitiveness, and attracting sustainable new investment, innovative technologies and business activity. 

  • Agreement on a List of Inventories  of specific policy recommendations under the systematic approach to improving supply chain performance that will provide a platform for diagnostic work and targeted capacity-building to assist economies in implementing these policies.  

  • Progress made on implementing the Action Plans under the Supply-Chain Connectivity Framework Action Plan (SCFAP) , including the 2013 interim assessment report of the SCFAP by the APEC Policy Support Unit which sets out progress by economies towards the target of a 10 percent improvement in supply-chain performance by 2015.  The World Bank’s Logistics Performance Index (LPI) and the World Economic Forum’s Enabling Trade Index (ETI), as overall indicators, were taken to capture supply chain performance. The data below (ETI ICT Pillar) shows the progress APEC has made in terms of information and communications technology infrastructure in the supply chain context. APEC also showed significant progress in terms of the percent of shipments meeting quality criteria as reflected in the World Bank Logistics Performance Index (LPI).

APEC’s Progress on Logistics Performance Index (LPI) and Enabling Trade Index (ETI) Indicators

 

 



  • Establishment of the APEC Public-Private Partnership on Environmental Goods and Services (EGS) that would provide a platform for industry representatives and government officials to carry out dialogue on issues related to EGS trade and investment with a view to increasing understanding, experience-sharing, facilitating trade and investment and preventing trade frictions 

  • Capacity building programs. Development of Initiatives to develop a Capacity Building Program to assist with the implementation of the 2012 APEC List of 54 Environmental Goods by the end-2015 and progress in identifying capacity-building needs and activities in electronics stewardship.

  • Progress in advancing the next generation trade and investment issues identified by Ministers and Leaders, including the Conference on Innovation and Trade Implementation Practices; an issues paper on enhancing small and medium-sized enterprises participation in global production chains; a workshop on Facilitating Supporting Industries in APEC Member Economies; and a study on global supply chain operation in the APEC region: case study of electrical and electronic industry’s supply chain operations.

  • Progress on the development of the Innovation and Trade Implementation Practices to provide economies with practical guidance on implementing the commitments of promoting effective, non-discriminatory, market-driven innovation policy agreed by APEC Leaders in 2011.

  • Enhancing the capacity of officials to participate in the long term goal of a Free Trade Area of the Asia-Pacific through workshops on topics and issues covered in modern, comprehensive Free Trade Agreements (FTAs) and Regional Trade Agreements (RTAs). 

  • APEC’s Bogor Goals Dashboard of Indicators. Public release of the APEC Policy Support Unit’s (PSU) updated APEC’s Bogor Goals Dashboard of Indicators to provide easy-to-understand figures to track advances in greater regional economic integration and liberalization and facilitation of trade and investment.

 

John LARKIN (Mr)
Chair
Assistant Secretary APEC Branch
Department of Foreign Affairs and Trade
Tel: +61-2 6261 3535
Email:
Catherine WONG (Ms)
Special Assistant to CTI Chair
APEC Secretariat
Email: