{"id":97,"date":"2015-05-14T04:44:48","date_gmt":"2015-05-13T18:44:48","guid":{"rendered":"http:\/\/www.griffithasiainsights.com.au\/?p=97"},"modified":"2016-06-14T12:47:59","modified_gmt":"2016-06-14T02:47:59","slug":"apec-policy-researchers-offer-strategies-to-accelerate-economic-integration-3","status":"publish","type":"post","link":"https:\/\/testblogs.griffith.edu.au\/asiainsights\/apec-policy-researchers-offer-strategies-to-accelerate-economic-integration-3\/","title":{"rendered":"APEC policy researchers offer strategies to accelerate economic integration"},"content":{"rendered":"

Boracay, the Philippines, 13 May 2015 \u2013 <\/i>Leading academics and policy makers recommended strategies for APEC to accelerate regional economic integration and inclusive growth in the Asia-Pacific at a two-day\u00a0APEC Study Centers Consortium<\/a> Conference in Boracay, ahead of the APEC Second Senior Officials\u2019 and Trade Ministers\u2019 meetings. Griffith University sent members from our own APEC Study Centre to join the discussion.<\/p>\n

The annual conference offers an opportunity for policy researchers from over 50 APEC Study Centers, universities and think tanks to share their analyses on how APEC can achieve its key 2015 priorities, including increasing services trade in the region and realizing the Free Trade Area of the Asia-Pacific (FTAAP), as well as bolstering small and medium enterprises and investing in human capital development.<\/p>\n

\u201cThe APEC Study Centers and their academic researchers throughout the Asia-Pacific play an important role in analyzing key APEC issues in order to assist APEC officials formulate effective policies,\u201d said Dr Erlinda Medalla, Vice-chair of APEC Study Centers Consortium Conference 2015 and Project Director of the Philippine APEC Study Center Network.<\/p>\n

At the conference, researchers\u00a0shared their recommendations on APEC\u2019s policy priorities in 2015. In order to accelerate economic integration, experts\u00a0proposed ways\u00a0APEC can play a critical\u00a0role in reducing trade barriers for services and\u00a0help increase\u00a0the flow of services across borders.<\/p>\n

\u201cOne of the main obstacles for governments to liberalize trade in services is the fact that creating more open services trade across borders requires implementing domestic regulatory reforms,\u201d explained Dr Robert Scollay, Associate Professor and Director of the New Zealand APEC Study Center. \u201cGovernments are cautious about changes to domestic regulations due to the uncertainty of the impact of such reforms.\u201d<\/p>\n

\u201cIn order to achieve progress and reduce the uncertainty on the effects of regulatory reforms, APEC can play an important role as incubator in services liberalization through knowledge sharing of best practices and bringing key stakeholders together to address how these regulatory reforms can be implemented with optimal outcomes,\u201d recommended Scollay.<\/p>\n

Value-added services such as research and development or brand marketing are increasingly a critical component of manufacturing competitiveness in the regional economy. However, the ability of business services such as accounting or advertising to be offered across borders is affected by local laws that govern labor mobility or foreign ownership.<\/p>\n

Policy researchers also\u00a0evaluated possible pathways\u00a0to realize\u00a0the Free Trade Area of the Asia Pacific (FTAAP). Economists provided\u00a0novel data analyses of the dynamics of exports and global value chains in the Asia-Pacific region that will help inform APEC policymakers moving forward. Strategies to enhance small and medium enterprises (SMEs) was also discussed at the conference including ways to improve SME access to finance and disaster resilience.\"\"<\/a>\"APEC<\/a><\/p>\n

Visit the APEC Study Centre<\/a> for more information.<\/p>\n

Source: Griffith In Asia<\/p>\n","protected":false},"excerpt":{"rendered":"

Boracay, the Philippines, 13 May 2015 \u2013 Leading academics and policy makers recommended strategies for APEC to accelerate regional economic integration and inclusive growth in the Asia-Pacific at a two-day\u00a0APEC Study Centers Consortium Conference in Boracay, ahead of the APEC Second Senior Officials\u2019 and Trade Ministers\u2019 meetings. 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