To help with the upcoming transition to electric vehicles within the APEC region, the organization's member economies are realigning regulatory and standards to make it easier for new e-vehicles to succeed in the Asia-Pacific region.
Papua New Guinea Tender and Business News
The APEC member economies just completed a major planning effort to look at how to enhance economic empowerment for women across the region. It is part of a broader move to secure workforces and growth as major new forces shift the nature of the Asia-Pacific business landscape.
APEC member economies' small business government representatives are working to opitimize conditions for Asia-Pacific startup growth, as digital advances open up new business and trade opportunities within the technology sector.
Kumul Petroleum Holdings Limited (KPHL) recently awarded a contract to Houston, Texas, based KBR Inc., for conceptual development and feasibility study services for an energy hub in the Kikori region of the Gulf Province of Papua New Guinea.
The APEC member economies are pledged to a restructuring of their individual policy regimes, in a joint effort to minimize structural bottlenecks to trade in emerging sectors. The goal is to eliminate even more barriers to continued growth and recovery across the Asia-Pacific region.
APEC is working on a plan to enhance customs checks throughout the member countries, with the goal of potentially slowing the flow of illegal lumber and wood products shipped within the community.
APEC has launched work on a major simplification of food export documentation in the region. Now it is so complex that a single producer of frozen processed foods such as lasagna may need to submit over 200 pages of certification paperwork per shipment to export their product.
Securities regulators throughout the Asia-Pacific Economic Cooperation organization member economies are seeking public comments on the new Asia Region Funds Passport proposal.
During the Group of 20 leaders' summit in Hamburg, Germany, recently, Viet Nam Prime Minister Nguyen Xuan Phuc delivered a strong message of support for international cooperation on behalf of the APEC member nations, to address trade and growth challenges in the unsettled global environment.
The Asia-Pacific Economic Cooperation (APEC) economies have the misfortune of being hit by 70 percent of all global disasters and also suffer damages of over USD $100 billion every year. APEC is moving to handle this, with the goal of becoming far more disaster-tolerant with respect to trade.
The Asia-Pacific Economic Cooperation (APEC) group just announced that South Korea has become a member of the APEC Cross-Border Privacy Rules System. This provides further support of the growing cross-border e-commerce sector in APEC, while also helping protect the rapidly increasing volume of sensitive consumer data used in online transactions.
Tourism continues to be a strong growth industry among the APEC member economies, with a 6.1 percent year-on-year growth rate. With digital innovations in this arena are creating major disruptive effects for all, senior tourism officials within APEC have agreed to increase cooperation with the private sector to help coordinate that better.
As technological transformation sweeps over the member economies of the APEC organization, its member nations have drafted a new set of collaborative measures to help protect workers against the disruptive effects of that change.
Concerns about the future of Asian regional trade are receiving top priority as the 21 APEC member economies begin convening in Ha Noi for a series of upcoming meetings on the issue. The goal is to find ways to increase trade, boost employment, and raise living standards for all people throughout the APEC region.
Multilateral development banks (MDBs) leaders have agreed to deepen their collaboration to encourage private sector investment in vital infrastructure needed to support sustainable and inclusive economic growth throughout the world.
The Government of Australia has provided AU$316,500 ($243,990) in additional financing to the ongoing Microfinance Expansion Project, designed to increase access to financial services for the people of Papua New Guinea (PNG).
As development and consumption surges in the Asia-Pacific region, a massive increase in garbage is flowing into regional oceans and waterways. The APEC organization believes this could offer a potential new wave of investment and job creation that could turn the tide on the region’s trash troubles.
Despite the high percentage of women-owned businesses in the Asia-Pacific region, there are still major bottlenecks hindering women-led exporters there. A group of small business promotion authorities from APEC member economies are creating plans to ease or completely eliminate them.
Human development is progressing and has recently made major strides in many areas, but many are still left behind, with systemic and often unmeasured barriers to catching up. A new UN report urges a stronger focus on those excluded and on actions to dismantle these barriers to ensure sustainable human development for all.
The senior leadership from APEC's 21 member economies, the largest regional economic cooperation group in the world, recently began formal drafting of a plan to drive freer Asia-Pacific trade. A key goal is to secure the advantages of globalization while safeguarding the welfare of people hurt by it in the past.
The rapidly-expanding business area known as "Big Data" is a mixed blessing for the Asia-Pacific region, as there it ix creating a widening gap between skill levels and employer demand in the Asia-Pacific. The APEC member economies have developed a plan to train the next generation of workers, with private business as their major partner.
The global Trade Facilitation Agreement, the first and newly-ratified multilateral trade arrangement within the World Trade Organization, could rapidly move into place as a major means of boosting trade participation and growth across the Asia-Pacific. The reason why is that APEC has become a major backer.
In a move very much counter to what other nations are doing this year, APEC is continuing its directive to enable easier and more equitable trade and growth across the member nations. Its members' trade and sectoral officials have come together in Nha Trang, Vietnam, for a formal refashioning of globalization policy.
The Asia-Pacific Economic Cooperation (APEC) organization has opened for nominations for the 2017 APEC Science Prize for Innovation, Research and Education. The member nations are for this award seeking young researchers in the Asia-Pacific who are developing technologically advanced materials that stand to radically boost next generation manufacturing and people’s quality of life across the region.
Tourism continues to be an especially important part of Asian economic growth, with arrivals more than doubling in the last 20 years. A recent APEC study about it revealed an interesting surprise: that poor communities benefit in a big way from the growth of tourism, with a 1.26% reduction in poverty for every 10% increase in tourist arrivals.