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
•December 2020
Download Report
3MB
Published Under
Committee on Trade and Investment (CTI), Sub-Committee on Customs Procedures (SCCP)
Accessed
4976
Pages
36
This report aims to promote a better understanding of the benefits of Authorized Economic Operators (AEO) certification and Mutual Recognition Agreements/Arrangements (MRAs). By using case studies of AEO MRAs between APEC member economies, the project intends to demonstrate whether and how AEO MRAs can reduce customs clearance times for AEOs. Four member economies – Chinese Taipei, Japan, Korea and New Zealand – participated and provided AEO MRA time release cases. The study finds that for most of the submitted cases, customs release times were effectively reduced for imports of both sea and air cargoes after the participating member economies implemented the relevant AEO MRAs. The percentage change or improvement ranged from less than 30 percent to around 80 percent to even complete reduction of customs release time. The facilitated results also represent the significant benefits of AEO MRAs in reduced inspections and custom clearance times.