Korea Customs Service

Asia Pacific Economic Cooperation (APEC)

Overview

• Asia-Pacific Economic Cooperation (APEC) is a regional economic forum established in 1989 to leverage the growing interdependence of the Asia-Pacific. APEC's 21 members aim to create greater prosperity for the people of the region by promoting balanced, inclusive, sustainable, innovative and secure growth and by accelerating regional economic integration.
• Member Economies : Australia, Brunei Darussalam, Canada, Chile, People's Republic of China, Hong Kong(China), Indonesia, Japan, Republic of Korea, Malaysia, Mexico, NewZealand, Papua New Guinea, Peru, The Philippines, Russia, Singapore, Chinese Taipei, Thailand, The United States, Viet Nam

Mission and Main Goals

• The key to achieving APEC's mission is what is commonly referred to as the Bogor Goals: achieving free and open trade and investment in the Asia-Pacific by 2010 for developed economies and by 2020 for developing economies. These goals were agreed by APEC Economic Leaders in Bogor, Indonesia in 1994. To achieve these goals, APEC member economies developed a framework in Osaka, Japan in 1995, which sets out trade and investment liberalization, business facilitation, and economic and technical cooperation as the three key areas of cooperation, or otherwise known as the “Three Pillars” of APEC.
• Not limited to achieving the Bogor Goals, the scope and the depth of cooperation in APEC have expanded and deepened. In response to the emergence of the digital economy and the 4th Industrial Revolution, APEC member economies are striving to strengthen their capacity for digital technology and make the most of the opportunities created by this surge of change. Also, to unleash the potential of the long-excluded groups such as the youth, women, MSMEs, and people in rural and remote areas in achieving economic growth, APEC is promoting discussions and various initiatives on inclusive growth in the region.

KCS activities

• Korea Customs Service participates in the SCCP(Sub-Committee on Customs Procedures) which is one of the sub-committees in the CTI(Committee on Trade and Investment). The SCCP's goals are focused on trade facilitation, trade security and related enforcement matters, taking into account the responsibility of each customs administration for the effective implementation of legitimate border measures
• Korea Customs Service is making active contribution as a leading economy to addressing Supply Chain Connectivity Framework Action Plan(SCFAP) and implementing Collective Action Plans.

Organization

APEC Website