Reports
Future-ready Growth in APEC: Unlocking New Drivers and Fortifying Resilience
The Asia-Pacific Economic Cooperation (APEC) is a regional economic forum established in 1989 to leverage the growing interdependence of the Asia-Pacific.
The Asia-Pacific Economic Cooperation (APEC) is a regional economic forum established in 1989 to leverage the growing interdependence of the Asia-Pacific.
APEC ensures that goods, services, investment and people move easily across borders. Members facilitate this trade through faster customs procedures at borders; more favorable business climates behind the border; and aligning regulations and standards across the region.
APEC ensures that goods, services, investment and people move easily across borders. Members facilitate this trade through faster customs procedures at borders; more favorable business climates behind the border; and aligning regulations and standards across the region.
APEC has helped drive economic growth and cooperation across the Asia-Pacific by reducing trade barriers, improving the ease of doing business and strengthening connectivity among economies. These efforts have contributed to rising incomes, expanded trade and greater opportunities for businesses and communities across the region.
APEC has helped drive economic growth and cooperation across the Asia-Pacific by reducing trade barriers, improving the ease of doing business and strengthening connectivity among economies. These efforts have contributed to rising incomes, expanded trade and greater opportunities for businesses and communities across the region.
APEC brings together governments, businesses and stakeholders to collaborate on shared priorities. Explore opportunities to participate in events, contribute to initiatives and engage with APEC’s work across the region.
APEC brings together governments, businesses and stakeholders to collaborate on shared priorities. Explore opportunities to participate in events, contribute to initiatives and engage with APEC’s work across the region.

Reports
•August 2020
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3MB
Published Under
SOM Steering Committee on Economic and Technical Cooperation (SCE), Tourism Working Group (TWG)
Accessed
4303
Pages
151
The cruise tourism sector is considered one of the most rapid growing segments in the tourism industry. Given the rise of cruise tourism activity in APEC economies, data to analyse the economics of cruise tourism is vital, especially data that focuses on communities as the recipients of economic benefits.
This report provides a study through baseline data on the cruising effect on local communities, more specifically, micro, small and medium enterprises (MSMEs) in local communities in participating APEC economies and how the income generated from the cruise sector leads to better standards of living for local people. This data will be used to support further strategic sustainable development of cruise tourism and to identify opportunities to increase positive impacts and safeguard the livelihoods of local economies.
The project aims to specifically address people-to-people connectivity with emphasis on building cooperation between APEC economies by connecting the region’s developed and emerging growth centres. By doing so, APEC will strengthen and deepen its regional economic integration, improve the region’s quality of growth, and contribute to the Asia-Pacific economic resilience, furthermore; enhancing interaction, mobility and joint ventures in the region.