Member economies are intensifying joint efforts to address impediments to cross-border investment in the region to meet rising infrastructure demand and ensure the flow of goods and people that drive growth.
Senior Officials acknowledged the global economy is showing some signs of recovery but noted that risks and uncertainties still exist and economic revival and healthy growth face continued challenges.
Unstable economic recovery in the Asia-Pacific requires APEC members to implement structural reforms despite the strengthening of industrial production, higher growth forecasts and a commitment by the G20 to ensure that monetary policy settings will be carefully calibrated.
The role of services in global manufacturing supply chains is increasing and prompting Asia-Pacific economies to take further steps to facilitate trade in the sector.
Member economies, which were instrumental in concluding a breakthrough global agreement on the simplification of customs procedures, are intent on ensuring that its implementation is successful and the benefits to cross-border trade materialize.
Economic activity has strengthened in industrialized APEC economies while there has been weaker than expected GDP growth in some APEC emerging and developing economies.
APEC, Services, and Supply Chains - Taking Stock of Services-Related Activities in APEC, January 2014
SMEs in the APEC Region, December 2013
Trends in Trade Finance across the APEC Region, October 2013