For 2008, CTI is focusing its work program on the Regional
Economic Integration (REI) report that was endorsed by APEC Leaders in
September 2007. At its first meeting in Lima in February, the Committee adopted,
amongst other things, work plans with clear time frames, objectives and
deliverables in three key areas: RTAs/FTAs, Trade Facilitation and Digital
Economy and Strengthening IPR. A trade policy dialogue on aspects of the
relationship between investment, trade in services and trade in goods was
jointly organized by the Investment Experts Group (IEG), Group on Services (GOS)
and Market Access Group (MAG) on 25 February 2008 in Lima. The points raised at
the dialogue aimed to provide economies with preliminary ideas about the
elements that go into making investment decisions and hence could facilitate the
work on developing an Investment Facilitation Action Plan.
Some of the key highlights of the Committee's achievements in 2008 include::
- Agreement on another
three sets of model measures for RTAs/FTAs in the following areas:
competition policy, environment and temporary entry of business people.
The model measures were endorsed by the APEC Ministers for Responsible for
Trade (MRT) at their meeting on 31 May to 1 June in Arequipa, bringing the
total number endorsed by Ministers to thirteen.
- Adoption of a set of Key Performance Indicators (KPIs) and reporting
methodologies to measure the progress of implementing the agreed actions and
measures in TFAPII for implementation by sub-fora collectively. The
Committee also agreed as next steps, to commence work on trade logistics,
starting with a Trade Policy Dialogue (TPD) in February 2009.
- Development of an Investment
Facilitation Action Plan for 2008-2010 (IFAP) for endorsement by MRT
2008 as mandated by AMM in Sydney. CTI also agreed on the next steps for
carrying the IFAP forward including developing a work program on
implementation of the actions in the IFAP as well as those related to
methodologies to reporting progress for endorsement by Ministers Responsible
for Trade in 2009.
- Held a trade policy dialogue on docking or merging free-trade agreements (FTAs).
The dialogue helped members to better understand the technical and policy
issues as well as the findings of the studies undertaken by Peru and New
Zealand of convergences/divergences of the market access, rules of origin,
customs procedures, SPS, TBT, trade remedies and competition policy.
- Held a trade policy dialogue on the effects of the rules of origin (ROOs)
on trade. The dialogue helped members to better understand the challenges
faced with differing interpretations for ROOs. CTI agreed to convene another
trade policy dialogue in May 2009 to build on the ROO work that is
undertaken in the Market Access Group.
- Development of a preliminary work plan to advance work on CTI-related REI
actions in 2009.
In 2007, APEC Ministers endorsed the 2007
Committee on Trade and Investment (CTI) Annual Report to Ministers, which
provided an overview of CTI's work program in pursuit of advancing the Bogor
Goals of free and open trade and investment in the Asia-Pacific region. Some key
results: