- WHAT IS APEC?
The Asia-Pacific Economic Cooperation (APEC) is the premier regional economic forum for promoting growth, technical and economic cooperation, facilitation and liberalization of trade and investment in the Asia-Pacific region. At the behest of Australia and Japan, APEC was established in 1989 to strengthen the Asia-Pacific community. The creation of a Free Trade Area of the Asia-Pacific (FTAAP) is a major long-term goal. In 1994, the member economies adopted the Bogor Goals to achieve free and open trade by 2020. In May 2018, the APEC Vision Group (AVG) was officially formed to shape the forum’s direction post 2020.
- WHICH ECONOMIES ARE MEMBERS OF APEC?
APEC’s 21 members, referred to as “member economies”, are: Australia; Brunei Darussalam; Canada; Chile; China; Hong Kong, China; Indonesia; Japan; South Korea; Malaysia; Mexico; New Zealand; Papua New Guinea; Peru; The Philippines; Russia; Singapore; Chinese Taipei; Thailand; The United States and Viet Nam.
- HOW DOES APEC DIFFER FROM OTHER FORA?
APEC is the only intergovernmental grouping that operates on the basis of non-binding commitments and open dialogue. Unlike other multilateral trade bodies, APEC decisions are based on consensus and commitments are undertaken on a voluntary basis.
- DOES APEC HAVE OBSERVERS?
APEC has 3 official observers: the Pacific Economic Cooperation Council (PECC), the Association of Southeast Asian Nations (ASEAN) Secretariat, and the Pacific Islands Forum (PIF) Secretariat.
- HAS CHILE SIGNED TRADE AGREEMENTS IN THE FRAMEWORK OF APEC?
As an APEC member economy, Chile has signed 16 trade agreements. Fifteen are currently in force with Australia, Canada, China, South Korea, the USA, Hong Kong-China, Japan, Malaysia, Mexico, Peru, P4 (New Zealand, Brunei Darussalam and Singapore), Thailand, and Vietnam. In December 2017, Chile signed an agreement with Indonesia, which was submitted for Congressional approval this year.
- WHAT ARE THE IMPLICATIONS OF HOSTING APEC CHILE 2019?
Chile will host the forum for the second time since formally joining APEC (the first time was in 2004). Nearly 20,000 people are expected to participate in approximately 200 meetings (ministerial, senior officials, working groups and workshops, business, closing with the Economic Leaders’ Meeting) and the different activities involved in hosting APEC Chile 2019.
Thus, Chile is working hard on the thematic and logistical planning needed to fulfill the commitment it made in September 2012 and which was approved in the 2013 Leaders’ Declaration.
Hosting APEC for a year is a unique opportunity to showcase Chile’s cultural, social and geographic wealth to all the APEC member economies and to set the major priorities and deliverables for the 2019 forum.
- WHAT WILL THE YEAR’S SLOGAN BE?
The APEC Chile 2019 forum will be focused on people. Consequently, the slogan will be: “Connecting people, building the future. 30 years of integration”.
- MAIN MEETING DATES FOR APEC CHILE 2019
December 12-13, 2018 APEC Symposium and Informal Senior Officials’ Meeting (ISOM) in Santiago
February 23-March 8, 2019 First Senior Officials’ Meeting (SOM1) and related meetings in Santiago
May 6-16, 2019 Second Senior Officials’ Meeting and related meetings in the Valparaíso Region
May 17-18, 2019 Ministers Responsible for Trade Meeting (MRT) in Viña del Mar
August 17-30, 2019 Third Senior Officials’ Meeting (SOM3) and related meetings in Puerto Varas
August 17-24, 2019 Food Security Week and Agriculture Ministerial Meeting in Puerto Varas
September 2-6, 2019 SME Ministerial Meeting as well as High-level Dialogue on Digital and Innovation in Concepción
September 30-October 5, 2019 Women in the Economy Forum (WEF) in La Serena
October 14-15, 2019 Finance Ministers’ Meeting in Santiago
November 11-17, 2019 Leaders’ Week in Santiago, which includes the Concluding Senior Officials' Meeting (CSOM), APEC Ministerial Meeting (AMM), APEC CEO Summit, APEC Business Advisory Council (ABAC) Dialogue with APEC Economic Leaders and, finally, APEC Economic Leaders’ Meeting (AELM).
- WHAT WILL CHILE’S PRIORITIES BE?
During APEC Chile 2019, work will continue on the forum’s current agenda, including core themes like regional economic integration and the long-term objective of creating the Free Trade Area of the Asia-Pacific (FTAAP). Chile, as host economy of APEC 2019, has chosen three priority areas to achieve concrete deliverables in 2019. These priorities are digital society; integration 4.0; Women, SMEs and Inclusive Growth; and Sustainable Growth.