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Innovating to prosper in the APEC region
5 Mar 2012
Last November Indonesia created a new ministry to focus on developing its creative economy. Many APEC members are also looking to boost their creative economies to enhance trade and development, which also drives up regional competition.
Business perspectives from ABAC 2012 Chair
5 Mar 2012
With Russia as host of APEC in 2012, Mr. Ziyavudin Magomedov, the Chairman of the Board of Summa Group, was appointed to chair ABAC for the year ahead. Recently, he shared his plans for 2012 with the APEC Bulletin.
Integrate to Grow, Innovate to Prosper
5 Mar 2012
Russia has taken over the rotating chair of the Asia-Pacific Economic Cooperation forum in 2012 and will host this year’s APEC Leaders’ Week in Vladivostok. For Russia this honour comes with a great sense of responsibility.
Raising the de minimis threshold to enhance supply-chain connectivity
3 Jan 2012
A shopper in New York goes online to buy a woven bamboo basket from a handicraft maker in Malaysia selling direct to customers through an e-commerce website. Under a new APEC initiative to exempt customs duties on express and postal shipments, a US$100 basket may be exempt from US customs duties.