transport and logistics logo
HOME ABOUT CONTACT ADVERTISE THE INTERMEDIA GROUP FIND PROFESSIONAL SERVICES

Free ENews

EVENTS
DIESEL MAGAZINE ARTICLES
EDUCATION, CAREERS & PEOPLE
DATA CAPTURE, RFID & IT
ENVIRONMENT
GOVERNMENT & REGULATIONS
HOT PRODUCTS
MHD MAGAZINE ARTICLES
MATERIALS HANDLING
PROPERTIES FOR SALE & LEASE
PROPERTY NEWS
SUPPLY CHAIN MANAGEMENT
TRANSPORT & LOGISTICS SERVICES
TRUCK & TRAILER EQUIPMENT
WAREHOUSE/DC EQUIPMENT
INDUSTRY GROUPS
NEW / USED TRUCK & TRAILER
FREE E-NEWS
ADVERTISE
ARCHIVE SEARCH
Advanced Search

 

APEC aims for "higher quality growth"


A high-level policy round table was held in Beppu, Japan from 7 to 8 August, 2010 under the chairmanship of H.E. Masayuki Naoshima, Minister of Economy, Trade and Industry, Japan and H.E. Satoshi Arai, Minister of State for National Policy and Minister of State for Economic and Fiscal Policy, Japan.
 
Last year, the APEC economic leaders agreed to formulate an APEC Growth Strategy in 2010 to shape the region’s growth following the financial and economic crisis. APEC is formulating its growth strategy for the first time since its inception. Further to the discussions among senior officials and trade ministers, the round table was the first opportunity for the APEC member economies to focus on comprehensive and dedicated discussion with regard to the APEC Growth Strategy, enabling the participating heads of delegations to lead the discussion and to employ their expertise to add significant value to the growth strategy and to develop a shared understanding on the direction thereof before it is finalised for consideration by APEC ministers and leaders.
 
APEC’s need for a growth strategy
 
The APEC region has become the world’s growth centre by promoting free and open trade and investment and strengthening regional economic integration (REI). Recognising that liberalisation and facilitation of trade and investment will contribute to the growth in the APEC economies, members will continue efforts in this area to achieve further growth in the region.
 
However, in recent years, new challenges have come to the forefront, and have therefore been added to APEC’s agenda, such as energy and environmental constraints, human security concerns, the necessity of constant innovation, and economic performance and opportunity disparities within and across the economies. Therefore APEC must give greater attention than ever before to these new issues as well with a view to achieving further prosperity and collective well-being through long-term and sustained growth.
 
As the world’s leading growth centre, the APEC region has a great responsibility for the future course of the global economy beyond the region as well as for the welfare and prosperity of its own people. APEC should contribute to improving the quality of growth in the global economy as well through its growth strategy, as envisaged by the APEC economic leaders last year.
 
The ministers responsible for trade declared in Sapporo this year that “the growth strategy aims to achieve economic growth that is balanced, inclusive, sustainable, innovative and secure.” These five attributes for economic growth give APEC economies guidance on how to pursue high-quality growth. They are being emphasised in the APEC Growth Strategy because APEC has come to understand that otherwise the next generation will not be able to enjoy sustained growth. APEC should address all five attributes collectively and comprehensively, because they are interrelated and mutually reinforcing and thus require collective commitment and implementation to be realised in practice.
 
The APEC Growth Strategy should have sufficient action-oriented elements such as an action plan and follow-up mechanisms to translate the five attributes into collective concrete actions by the member economies, whose progress should be reviewed on an annual basis and reported to the leaders in 2015, at which point the leaders may consider the future direction of the growth strategy. APEC will also look into ways to take stock of APEC’s collective progress with regard to the five attributes.
 
Individual sessions
 
In addition to the above broad statements, APEC summarised each session’s discussion on the five attributes, as follows:
 
1. Balanced growth
APEC could contribute to balanced growth by re-energising its work on structural reforms, building on ongoing efforts under the leaders’ agenda to implement structural reform. APEC should also complement the G20’s efforts in pursuing balanced growth in the region.
 
2. Inclusive growth
All APEC citizens should have the opportunity to thrive in the global market economy. APEC should contribute to inclusive growth by promoting policies in fields such as job creation, human resource development and utilisation, SMEs and entrepreneurship development, creating new economic opportunities for women, and more inclusive access to finance.
 
3. Sustainable growth
In order to shift to a green economy, APEC should further promote energy efficiency and the development of a low-carbon energy sector. APEC should work to improve access for environmental goods and services (EGS), to develop EGS sectors, and promote energy conservation activities through green ICT.
 
4. Innovative growth
APEC should contribute to innovative growth by improving the research & development environment and effectively providing policy and regulatory infrastructure conducive to innovation, such as those related to ICT application, digital prosperity, professional workforce mobility, protection of intellectual property (IP) rights, and standardisation.
 
5. Secure growth
APEC should promote the human security agenda to provide the secure environment necessary for economic growth. APEC can contribute to secure growth by continuing to promote policies in fields such as counter terrorism, prevention and countering of emergency preparedness, pandemic diseases, and food security.

653

  HOT PRODUCTS

 

Toyota Material Handling Australia

Toyota Material Handling Australia (TMHA) is poised to launch a new range of 1.5 to 3 tonne rated capacity at 500mm load centre four-wheel counter-balance battery electric forklifts.  more»

 

Internal Combustion Pneumatic Tyres Forklifts - 4.0 - 5.5 Tonnes

Mitsubishi GRENDIA Series Forklift, the Next generation, higher performance machine Outstanding performance...exceptional value for money.  more»

 

Involved in Logistics or Supply Chain Management?

If you are involved in logistics or supply chain management, and looking to advance your career, this internationally recognised qualification can provide you with the relevant skills for your future.  more»

 

Future Proof your Logistics Career Today

What does the future hold?  more»

 

Exquisitely Orchestrated Execution

Infor10 Supply Chain Execution – a single solution with one version of the truth so that everyone is moving in the same direction at the same time.  more»

 

Oracle Live Webcast: Effective HR in Manufacturing

Turn Strategy into Action in Manufacturing with Effective HR  more»

 

2012 National Challenge - Start Date: 16th APRIL, 2012

The Fresh Connection is an advanced web-based business simulation that challenges participants to work together as a team to demonstrate and improve their knowledge of the Value Chain.  more»

 

100% Error-Free Picking with KiSoft Vision

KiSoft Vision combined with the corresponding processes, ensures 100% error-free order picking. By using augmented reality technology KiSoft Vision visualizes information at the exact time and location the operator needs it, through a head mounted display  more»

Click here to view more Hot Products

Looking for a particular product?   Advanced Search.

  T&L PUBLICATIONS

MHD Supply Chain Solutions
Has been the industry leader for more than 30 years. It is the reference guide for professionals striving for effective end-to-end supply chain management...

Diesel
A bi-monthly magazine that has shaken up the Australian road transport magazine sector with sharp news stories and bold feature articles on the diverse character of the Australian trucking market...
 

 
VISIT INTERMEDIA SITES
 


 
 
The Intermedia Group (TIG) is a leading Australian B2B publishing, event management and technology business providing the most comprehensive and targeted B2B advertising network in Australia.

TIG's brands are a leading source of vital information for Australian and New Zealand businesses within the following 12 vertical markets: Beauty, Construction, Electronics, Entertainment, Government, Health, Homewares, Hospitality, Interior Design, Logistics, Motoring, Procurement, Retail, Recreation and Technology
Intermedia Websites
© The Intermedia Group. www.intermedia.com.au Privacy & Copyright