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Building Asia Pacific Community Mapping Long Term Prosperity

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Building Asia Pacific Community Mapping Long Term Prosperity APEC Business Advisory Council Report to APEC Economic Leaders ABAC REPORT TO APEC ECONOMIC LEADERS %8,/',1*$6,$3$&,),&&20081,7<0$33,1*/21*7(5035263(5,7< )\PSKPUN(ZPH7HJPÄJ*VTT\UP[` 4HWWPUN3VUN;LYT7YVZWLYP[` APEC Business Advisory Council BEIJING, CHINA ÷&+,1$ 2014 APEC Member Economies Australia Brunei Darussalam ABAC Executive Director 2014 Canada Xia Bing Chile China Council for the Promotion of International Trade China 1, Fuxingmenwai St. Hong Kong, China Beijing 100860 China Tel: (8610) 8807 5736 Indonesia Fax: (8610) 8807 5406 Japan Email: [email protected] Korea Malaysia Mexico New Zealand Papua New Guinea APEC Business Advisory Council Secretariat Peru Philippines Antonio Basilio Russian Federation Director Singapore Evelyn Manaloto Chinese Taipei Deputy Director Thailand 32/F Zuellig Building Makati Avenue Corner Paseo de Roxas United States Makati City 1225 Philippines Tel: (632) 845 4564, 843 6536 Viet Nam Fax: (632) 845 4832 Email: [email protected] Website: https://www.abaconline.org Chinese knotting, an ancient hand-tied art woven using a single thread, originated over 5,000 years ago and evolved to be the lasting beauty today. In Chinese language, “knot” means community and “thread” means prosperity, and thus Chinese knotting is always used to express good wishes and commitments. Each Chinese knotting is comprised of multiple basic knots with dierent appearance and symbols, while all knots are made by the same single thread and are interlaced cohesively to enhance the value together, just as our Asia-Pacic community does. Report to APEC Economic Leaders APEC Business Advisory Council APEC Business Advisory Council His Excellency Xi Jinping Chair, Asia-Pacific Economic Cooperation President, People’s Republic of China Beijing, China Your Excellency: It is our great privilege to present to you the report and recommendations of the APEC Business Advisory Council (ABAC) for 2014. ABAC shares your ambition to achieve economic growth and prosperity. Accelerating freer trade and investment, building infrastructure and promoting innovation especially by small, medium and micro- enterprises are essential for reaching these objectives. Twenty years ago, APEC set forth the Bogor Goals of free and open trade and investment in the region by 2020. In 2006, Leaders adopted our recommendation that a Free Trade Area of the Asia-Pacific (FTAAP) would be the most effective means for achieving the Bogor Goals. In the face of the 2020 deadline, we need your leadership to guide the further development of an FTAAP that is built around the highest standards and with the broadest possible coverage. That is what would most benefit businesses - large and small - across the region. We encourage you to adopt a roadmap for FTAAP, which builds on progress in the various negotiations now underway and is coherent with existing bilateral and plurilateral agreements. Efforts to achieve an FTAAP will be bolstered by promoting supply chain connectivity, liberalizing cross-border services trade and taking more ambitious positions in the World Trade Organization negotiations. The full benefits of an FTAAP cannot be realized without robust infrastructure to connect our region more efficiently. However, the current level of infrastructure investment in the region is inhibiting economic growth. The private sector has the capacity to help bridge the gap. Governments can spur private investment and domestic consumption by creating a better policy environment, developing more public-private partnerships and mobilizing long-term savings through the development of capital markets and effective regulatory frameworks. Multilateral institutions also have a vital role to play. In this respect, ABAC welcomes and supports the expansion of multilateral financing facilities for infrastructure development. ABAC commends APEC for setting “Promoting Innovative Development, Economic Reform and Growth” as one of the main priorities for 2014. Efforts to promote innovation will address the recent decline in productivity growth. Further commitment to support small, medium and micro-enterprises, empower women and address issues such as urbanization, food security, health and green growth will sustain the Asia-Pacific as the engine of global prosperity. Our report addresses these issues and sets out in greater detail a full range of initiatives in the areas of regional economic integration; infrastructure and connectivity; small, medium and micro-enterprises; sustainable development; and finance. We commend this report to you and look forward to discussing our recommendations with you during our dialogue in Beijing in November. Yours sincerely, Mr. Ning Gaoning Mr. Wishnu Wardhana Ms. Doris Ho ABAC Chair 2014 ABAC Co-Chair ABAC Co-Chair Chairman Chair, Infrastructure & Co-Chair, Regional Economic COFCO Corporation Connectivity Working Group Integration Working Group President Director President & CEO PT. Indika Energy, Tbk. A. Magsaysay Inc. )\PSKPUN(ZPH7HJPMPJ*VTT\UP[`4HWWPUN3VUN;LYT7YVZWLYP[` 3 AUSTRALIA HONG KONG, CHINA Mr. Philip Leong Co-Chair, Finance & Economics Working Group Ms. Anna Buduls Vice President & Director Mr. Richard Li Co-Chair, Sustainable RBC Dominion Securities Inc. Chairman & Chief Executive Development Working Group Pacific Century Group Limited Owner & Chairman Tramada Systems CHILE Mr. Vincent H. S. Lo Chairman Mr. John W.H. Denton Mr. Rafael Guilisasti Shui On Group Chair, Finance & Economics President Working Group Viñedos Emiliana S.A. Partner & Chief Executive Officer Corrs Chambers Westgarth Mr. Anthony John Liddell Nightingale Mr. Oscar Landerretche Co-Chair, Regional Economic Chairman, Board of Directors Integration Working Group Sir Rod Eddington AO CODELCO-CHILE Director Chairman (Australia and New Zealand) Jardine Matheson Holdings JP Morgan Limited Mr. Andrónico Luksic Craig BRUNEI DARUSSALAM Co-Chair, Finance & Economics INDONESIA Working Group Chairman Quiñenco >b9Po\XQcT2QSd[9PPSX Ms. Karen Agustiawan Director/Shareholder President Director & CEO LVK Group of Companies CHINA PT Pertamina (Persero) >b9Pb[X]PEPXQ Ms. Wang Lili Mr. Anindya N. Bakrie Co-Chair, SMME & Co-Chair, Finance & Economics Co-Chair, Regional Economic Entrepreneurship Working Group Working Group Integration Working Group Chief Executive Officer Co-Chair, Advisory Group on APEC Chief Executive Officer Brunei Accenture Group (B.A.G) Financial System Capacity PT. Bakrie Global Ventura Networks Building Chairman ICBC (London) Ltd. / ICBC JAPAN (Argentina) S.A. CANADA >a9XSTc^bWX<P\TiPZX Co-Chair, Infrastructure & Dr. Yang Yunsong Mr. V. Paul Lee Connectivity Working Group Co-Chair, Infrastructure & Co-Chair, SMME & Entrepreneurship Corporate Advisor Connectivity Working Group Working Group Mitsubishi Corporation Chairman Managing Partner Beijing GS International Vanedge Capital Partners Inc. Company Limited 4 ()(*9LWVY[[V(7,*,JVUVTPJ3LHKLYZ *OPUH >aJ^bWX]^aX<^\P\daP 5Pc^C^WP]PEP]DaX>PW\^^S Mrs. Katherine Rich Co-Chair, Sustainable Chairman Chief Executive Officer Development Working Group RM Capital Partners Sdn Bhd New Zealand Food and Grocery Senior Advisor Council Komatsu Ltd. EP]DaX5Pc^¬:a>SCPSiX>P]b^a PAPUA NEW GUINEA Chairman >a9Xa^hdZXDdidZX Kumpulan Fima Berhad Co-Chair, Finance & Economics Working Group Mr. Wayne Kenneth Golding Chair, Advisory Group on APEC MEXICO Co-Chair, Finance & Economics Financial System Capacity Working Group Building Executive Co-Chairman Director, Member of the Board 2G Development Co. Limited Nomura Holdings, Inc. Mr. Moises R. Kalach Balas Chairman Mexico Fits and CANAINTEX KOREA Mr. Isikele R. Taureka Executive Vice President – PNG InterOil Corporation (Corporate) Mr. Mauricio Millán >bDd]V;^^<X\ Co-Chair, SMME & Chairperson, CEO & Chief Entrepreneurship Working Group Visionary Officer Vice President Mr. Matthew W.E. Tjoeng SUNGJOO Group & MCM Coraza Corporación Azteca, S.A. Managing Director Holding AG de C.V. Shine Way Development Ltd. PERU Mr. Seung Jun Oh >a2[TYP]Sa^CP\$aTi>PVP'P Chief Executive Officer Chief Executive Officer SE Lab, Inc. Cinépolis Mr. Alfonso Garcia Miro Chief Executive Officer NEW ZEALAND IPN Investments Mr. Jin Roy Ryu Co-Chair, Sustainable Development Working Group Chairman & CEO Mr. Wayne Boyd >a6]aX`dT>8dQQX]b Poongsan Group Co-Chair, Infrastructure & Co-Chair, Regional Economic Connectivity Working Group Integration Working Group Co-Chair, Advisory Group on Chairman of the Board MALAYSIA APEC Financial System Sudamericana de Fibras S.A. Capacity Building Chairman Alpine Guides Fox Glacier Ltd. EP]DaX2i\P]9PbWX\ Mr. Juan Francisco Raffo Co-Chair, Finance & Economics Co-Chair, SMME & Working Group Entrepreneurship Working Group Co-Chair, Advisory Group on Mr. Tony Nowell Honorary Chairman APEC Financial System Chair, Regional Economic Raffo Group Capacity Building Integration Working Group Chairman Founding Director AmBank Group Valadenz Limited )\PSKPUN(ZPH7HJPMPJ*VTT\UP[`4HWWPUN3VUN;LYT7YVZWLYP[` 5 PHILIPPINES USA Mr. Jackson Yap Co-Chair, Sustainable Development Mr. Tony Tan Caktiong Working Group Ms. Peggy Johnson Co-Chair, SMME & Advisor Executive Vice President Entrepreneurship Working Group Leaf Investment Holdings Pte Ltd. Qualcomm Technologies, Inc. Chairman Jollibee Foods Corporation CHINESE TAIPEI Mr. Bart Peterson Chair, Sustainable >a;PX\T2dVdbc^K^QT[ Development Working Group de Ayala Mr. Matthew F. C. Miau Senior Vice President, Chairman & CEO Chairman Corporate Affairs & Ayala Corporation MiTAC-Synnex Group Communications Eli Lilly and Company RUSSIAN FEDERATION Mr. Hong-Tu Tsai Chairman Mr. Ed Rapp
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