Leveraging APEC to Create New Jobs through Increased Trade and Economic Growth

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Opening Words

U .S. business leaders have high expectations for the Asia-Pacific Economic Cooperation (APEC) forum as the leading multilateral organization in the Asia-Pacific region. It is important for APEC member economies to drive a sustained common agenda by developing concrete initiatives that build momentum from year to year so as to deliver more tangible benefits to businesses, workers and their families. Such initiatives would promote trade and investment and create needed jobs.

The U.S. National Center for APEC (NCAPEC) and the Asia-Pacific Council of American Chambers of Commerce (APCAC) jointly developed this report as a way to effectively communicate U.S. private sector priorities to government officials and business leaders throughout the 21 APEC member economies. NCAPEC is focused exclusively on facilitating U.S. private sector input to the APEC process and serves as the Secretariat for the three U.S. executives who are appointed members of the APEC Business Advisory Council. APCAC is an association of the 27 American Chambers of Commerce located in the 21 economies spanning Asia Pacific and serves to share best practices and address policy issues of mutual concern.

The members of NCAPEC and APCAC consider APEC to be very important and jointly offer 56 policy recommendations for concrete action in six priority areas:

(1) Promoting Regional Economic Integration and Liberalizing Trade and Investment;
(2) Modernizing and Harmonizing Financial Services and Investment;
(3) Promoting Health and Innovation in Life Sciences;
(4) Supporting New Energy and Environmental Technology;
(5) Accelerating Infrastructure Development and Supply Chain Connectivity; and
(6) Promoting Development of the Internet Economy.

Implementing these recommendations would help APEC member economies achieve their domestic goals of promoting sustainable economic growth, increasing exports of goods and services and generating new jobs related to trade.

Sincerely,

Karan K. Bhatia Walter Blocker
Chairman Chairman
NCAPEC APCAC

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AmCham Taipei

The American Chamber of Commerce in Taipei (AmCham) is a non-profit, non-partisan business organization dedicated to promoting the interests of international business in the Republic of China.