In 2009, the EC identified five priority areas for regulatory reform in APEC economies, namely: starting a business, getting credit, trading across borders, enforcing contracts, and dealing with permits. These priority areas are the focus of the APEC "Ease of Doing Business (EoDB) Action Plan," which was launched by Leaders in 2009. The Action Plan sets an APEC-wide aspirational target to make it 25 percent cheaper, faster and easier to do business within APEC economies by 2015, with an interim target of a 5 percent improvement by 2011. Led by "champion economies1," a number of capacity building programmes have been carried out focusing on the necessary regulatory reforms in the five priority areas. Awareness-building workshops/seminars have been conducted on each of the priority areas in 2010 (Phase I), and current attention is on providing for more customised capacity building measures in those economies that have sought specific assistance on their reform efforts (Phase II).

Phase I Seminars and Workshops
Workshop on "Reducing Start-up and Establishment Time of Businesses" (Hiroshima, Japan, 1-2 March 2010)
Workshop on “Enforcing Contracts” (Seoul, Korea, 21-22 June 2010)
Workshop on “Trading across Borders” (Sendai, Japan, 18-19 September 2010)2
Seminar on "Getting Credit for Small and Medium Enterprises" (Sendai, Japan, 21 September 2010)
Workshop on "Reforming the Regulatory System for Construction Permits” (Singapore, 18-22 October 2010)
Seminar on “The First Steps of Successful Reform in Doing Business” (Taipei, Chinese Taipei, 5-6 October 2010)

Phase II Activities

Interim Progress Assessment Report (2011)

1. The champion economies for the five priority areas are: Japan (getting credit); Korea (enforcing contracts); Hong Kong, China and Singapore (trading across borders) (Note: Hong Kong, China served as a champion economy on Phase I only); NZ and the U.S. (starting a business); and Singapore (dealing with construction permits).
2. Trading across borders is overseen by the Committee on Trade and Investment.