(SOM may propose a Concept Note, but this is rare.) The precise nature, magnitude, and organization of those programs will necessarily differ, perhaps considerably, from economy to economy in light of the sharp differences within the region in terms of culture, levels of development, governmental institutions, and the like. Endorse all legitimate claims for payment related to the project. The Role of Apec - Essay - Peace123 - Brainia It ahs been identified that the robust policies of the organization have helped its member countries to recover from the financial crisis and economic downturn which hit the global economy. This success is even more impressive if compared to the This two-fold strategy responds to the two-fold concerns of those who fear globalization: through the creation of strong safety nets to smooth adjustment in the short run, and through improved education and training to seize the opportunities presented by more open markets in the long run. APEC works to help all residents of the Asia-Pacific participate in the growing economy. Review, prioritize, and endorse Concept Notes and proposals. Since its inception in 1989, the organization has helped identified measures on how to achieve greater economic visibility and improved domestic performance through free and open trade and investments . A challenge is also posed to address the growing disparities between the urban and rural regions especially with regards to levels of education, social inclusion, and health care provision. The six ASEANs, with their own economic cooperation and moves to a free trade area under way, were quite cautious. The APEC is a trade agreement that currently consists of 21 countries mainly located in Southeast Asia and East Asia. APEC | 21 Members of Asia-Pacific Economic Cooperation | Revision 2-3. At its 1994 summit meeting, APEC set an ambitious goal of achieving a free trade and investment regime in the Asia-Pacific region by 2010 for members with developed economies and by 2020 for members with developing ones. The potential savings are enormous when you consider that on average, international transactions involve 27-30 different parties, 40 documents and 200 pieces of data (60-70% of which are rekeyed at least once and some up to 30 times).
