The Australian APEC Study Centre (AASC) at RMIT University is a leading centre in the Asia-Pacific region for the advocacy of APEC’s objectives.
APEC’s objectives include: promoting open trade and investment, structural reform and regional integration through training programs, supporting institutional capacity building, symposia, dialogues and research.
The Asia-Pacific Economic Cooperation (APEC) is the premier forum for facilitating economic growth, cooperation, trade and investment in the Asia-Pacific region. Since its inception in 1989 it has grown to encompass 21 members spanning four continents and represents the most economically dynamic region in the world, accounting for approximately 40.5 % of the world’s population, 54.2% of world GDP and 43.7% of world trade. * Figures provided from the APEC Secretariat
At the APEC Leaders’ Summit in 1993, all APEC member economies agreed to establish APEC Study Centres in the higher education sector to promote APEC’s goals and objectives.
The Centre was first established in 1994 by a consortium consisting of Monash University and the University of New South Wales, then solely by Monash University. In 2009 with the agreement of major stakeholders and the Australian Government the Centre moved to RMIT University’s College of Business.
Mission and Objectives
- To support Australia’s Involvement in promoting APEC’s objectives for the integration of economies within the region and social and humanitarian advancement.
- To be a centre of excellence for regional capacity building in policy areas related to trade, finance, investment, infrastructure, and structural reform.
- To position Victoria as an international provider of financial services, education and expertise, and as an international financial services centre, particularly in areas related to pensions and funds management, infrastructure financing and related risk management, and services related to clean development.
- To promote Australian strategic and economic interests in the region through cooperation with the Australian government, the State government of Victoria and RMIT University.
- To organise conferences, workshops, regional dialogues, symposia, research and training programs involving regional and international policy markets, regulators and businesses in support of APEC’s objectives and wider regional interests.
- To cooperate with RMIT in defining and promoting interests in the region and to disseminate information and materials related to business, regulatory and academic activities.
The Centre’s scope is broad and varied. It incorporates the following areas:
- Trade and investment liberalisation
- Trade in services
- Public private partnerships in infrastructure
- Structural reform and economic integration
- The region’s financial systems and enhancement of supervisory and regulatory capacities in banking, insurance (general and life), pensions, funds and asset management
- Pension system supervision and reform
- Agricultural systems reforms and food security
- Risk management and governance in financial sectors
- Infrastructure financing and managing risk
- Supply chain and logistics
- Financial inclusion
The Australian APEC Study Centre is a leading capacity building institution in the Asia-Pacific for policy makers and regulators from APEC and other Asia-Pacific regional economies.
Topics covered in recent training programs have included: regulatory policies to promote financial inclusion; risk management and governance in banking; regulatory practices for trade and investment in services; food security and facilitating supply chain connectivity.
The Centre also hosts conferences, symposia and dialogues to promote regional understanding, the exchange of information and experience sharing between regional and international policy makers and regulators, the private sector and academia.
The Australian APEC Study Centre publishes research and issues papers on matters important to APEC. This work contributes to fostering debate and understanding between Governments, the private sector and academia, and also supports the program development of capacity building initiatives and policy dialogues.
In all its activities the Centre collaborates with partners from a wide network of industry, government, academia and key international organisations.
More information about the Centre’s yearly activities is available in the Annual Activity Report.
The Centre is supported by an Advisory Board comprising representatives from Australian Government, Victorian Government, Industry and RMIT University. It is part of the College of Business and works closely with the Deputy Pro Vice-Chancellor, Industry Engagement.