This program aimed to assist businesses working in South-East Asia by enhancing the stability and transparency of regulatory investment environments of regional economies.
APEC is committed to enhancing investment friendly business climates in member economies to assist growth in the region. Investment friendly business climates allow for the ease of coordination between stages of value chains, the series of activities in a production process of goods or services, including components that flow across borders in the production of a final good or service. APEC has created an APEC Strategic Blueprint for promoting Global Value Chain (GVC) Development and Cooperation to assist further development of this coordination.
At the Committee on Trade and Investment (CTI) Meeting 1 in Clark, Philippines in February 2015, Japan put forward a work plan to gather data to add value to an Action Plan that will be created, incorporating the Blueprint. Japan plans to conduct an APEC-wide Survey to feed into and develop the Action Plan which will assist economies to adopt and maintain laws, regulations, and practices that facilitate investment.
Three regional groups were formed with the purpose of convening public-private dialogues (PPD) on challenges, measures for improving investment climates and recommendations to inform the Survey for follow-up policy initiatives. Australia agreed to convene the PPD for Group Two consisting of ten economies, namely Australia, Brunei Darussalam, Indonesia, Malaysia, New Zealand, Papua New Guinea, Philippines, Singapore, Thailand and Vietnam.
Discussion Paper and Recommendations
A paper was prepared prior to the dialogue and distributed to participants in preparation. It contained a literature review and a summary of issues in the current business environment for investing in global value chains in the South-East Asian region, comprising of analysis of production fragmentation, trends, clustering, investment facilitation and trade flows.
After the dialogue key points and recommendations were added to the paper which was then presented in the May 2016 Meeting of APEC Ministers Responsible for Trade (MRT)/Second Senior Officials' Meeting and Related Meetings (SOM2) in Arequipa, Peru.
Discussion Paper and Recommendations (Pdf 3.3Mb)
Date: 28 – 29 April 2016
Location: Kuala Lumpur, Malaysia
The dialogue explored trends in investment regimes in the APEC region and compared them with those in other parts of the world. It included sessions on investment measures or incentives to facilitate and promote GVC development and cooperation. Participants identified regulations and standards that impede investment in the region and considered ways of addressing these issues, including measures that promote effective investment facilitation and improve the investment climate for GVC development.