Current IEG projects
Public-Private Dialogue on Investments: Fostering SME Growth through Inclusive Business
In line with the APEC 2015 theme of “Building Inclusive Economies, Building a Better World”, this IEG Public-Private Dialogue (PPD) featuring Inclusive Business, held in August 2015 in Cebu, Philippines, was aimed at raising awareness and sharing experiences of selected APEC economies that are currently practicing or supporting Inclusive Business (IB). The Dialogue considered the role for APEC in promoting IB and noted that APEC, as enabler of micro, small and medium enterprises (MSMEs) as envisioned in the Boracay Action Agenda to Globalize MSMEs, can make development equitable and more inclusive by having the MSMEs fully and effectively integrate into the value chain or participate in regional economic integration. Participants endorsed six-point recommendations on the way forward for APEC, including “endorse IB as part of the APEC agenda, and share the commitment towards promoting IB for building inclusive economies”.
Guidebook on PPP Frameworks in the APEC Region
Directly corresponding to the APEC priority of strengthening connectivity through infrastructure development, the project compiled information on public-private partnership (PPP) frameworks in APEC economies into a single guidebook that provides a general overview of the progress and requirements necessary to establish a PPP project.
Enhancing the Investment Environment in APEC and ASEAN Economies
This multi-year program of 2012-2015 is aimed at supporting investment priorities of APEC and ASEAN leaders to improve investment in the region though institutional capacity building. Under the program, the Regional Investment Analytical Group (RIAG) was established in 2014 as a new regional network of experts to review and use quantitative indicators of investment policies, undertake comparative analysis, and promote the value and use of benchmarking. The capacity building training program conducted in March 2015 in Australia represented the third component of this multi-year program. Engaging specialists from regional and international agencies, academia and business, capacity building was conducted for senior and middle ranking officials of investment policy and facilitation agencies from selected APEC and ASEAN economies. A background paper on FDI prepared by the RIAG can be found here.
Case Studies on the Best Practice of Sustainable Investment in the APEC Region
This recently completed project was designed to, through a series of case studies, raise understanding and awareness of opportunities for inclusive development within APEC economies; share experience, lessons and opinions on balancing investment, environmental, and social objectives to increase the public support for free and open trade and investment, thereby creating new demand and jobs; and share experience on improving the living environment and community livelihood. Click here to read the project report.
APEC Public-Private Dialogue on Identifying and Addressing Impediments to Improve a Business-Friendly Infrastructure Investment in the APEC Region
This Dialogue, held in Ha Noi, Viet Nam in January 2015, sought to create a suitable platform for the representatives from public and private sector to discuss and to identify unnecessary impediments with regard to the Infrastructure Investment in the APEC Region. It aimed also at working out suitable policy measures for APEC developed and developing economies oriented to improve their policy planning in this sector. At the conclusion of the Dialogue, participants suggested a range of future activities to contribute to the APEC Multi-year Plan on Infrastructure Development and Investment . More details of the Dialogue can be found here.
Investment Facilitation Action Plan (IFAP)
In 2008, APEC Ministers endorsed an Investment Facilitation Action Plan (IFAP) that is aimed at strengthening the competitiveness and sustainability of economic growth of APEC’s member economies and making further progress toward achievement of the Bogor Goals. The IFAP includes a comprehensive prescription of actions that can be taken across a range of policy areas and has served as a valuable reference tool for improvement of the APEC investment climate. In recent years, IEG reviewed IFAP implementation progress and published two reports in 2013 and 2015 . In implementing the IFAP, the IEG focuses on three priority areas of e-transparency, reducing investor risk and simplifying business regulation.
APEC Non-Binding Investment Principles (NBIP)
The APEC Non-Binding Investment Principles (NBIP) demonstrates APEC’s commitment to promoting investment and addressing challenges posed by a rapidly evolving business environment. The NBIP, originally endorsed in 1994, were successfully revised in 2011.
APEC Strategy for Investment
The APEC Strategy for Investment (Appendix 7) aims to promote increased investment flows throughout the APEC region. The Strategy is implemented under three main pillars: (1) Advanced Principles and Practices; (2) Facilitation; and (3) Promotion. Some of the activities under this Strategy include analytical studies on investment practices, Investment Facilitation Action Plan (IFAP) follow-up, public-private dialogues on investment, capacity building and information sharing, as well as cooperation with other international organizations.
Public-Private Dialogue on Investment
In 2010, the Leaders tasked the IEG with holding the Public Private Dialogue (PPD) on Investment as part of the implementation of the APEC Strategy for Investment. Since then, the annual dialogue has gathered extensive participants from both the sectors, resulting in specific recommendations on investment in infrastructure and economic growth (2011), legal regulation and institutional development of Public Private Partnerships (PPP) and investment in infrastructure (2012), and Corporate Social Responsibility (CSR) for local communities (2013). In 2014, the PPD delivered the Action Agenda on Promoting Infrastructure Investment Through Public-Private Partnership, which identified actions that will contribute to the overall objectives of APEC cooperation on regional connectivity and infrastructure.
Clarence HOOT (Mr)
Investment Promotion Authority
Papua New Guinea
Felipe SANDOVAL (Mr)
Ministry of Foreign Affairs
Akifumi FUKUOKA (Mr)