Home / Knowledge / News / Business leaders decide to share opportunities in Jakarta
Business leaders decide to share opportunities in Jakarta
25
Jan '08
Globalization should lead to sustainable development for all and this is focal to the APEC Business Advisory Council (ABAC) in 2008.

In its first meeting of the year (20 - 23 January, Jakarta, Indonesia) the council, which is made up of senior business leaders, met with APEC Senior Officials to make recommendations on intergovernmental processes.

Explains ABAC Chair Juan F. Raffo, concrete measures should be taken to "spread the benefits of globalization more widely between and within APEC economies.

Our major priorities will include further exploring the concept of a Free Trade Area of the Asia-Pacific (FTAAP), the WTO Doha Development Round, Energy Security and Climate Change, Business Facilitation and SME Development."

Achieving trade and investment liberalization and facilitation is the main objective of APEC but, says Raffo, "its agenda has deepened and broadened.

A key priority in ABAC is how to move the Doha Round forward while at the same time examining other options for keeping the momentum of liberalization in the region."

Specifically, ABAC will contribute to the development of APEC's Second Trade Facilitation Action Plan to achieve a 5% reduction in transaction costs; address behind-the-border issues for greater ease in conducting business; and consider the implications of demographic shifts on business.

Energy Security and Climate Change is a major priority and will propose ways to achieve the APEC regional goal to reduce energy intensity by 25% by 2030.


Must ReadView All

Textiles | On 24th Jun 2017

Applied DNA to tag cotton for 2017/18 US ginning season

Applied DNA, provider of DNA-based supply chain security,...

Apparel/Garments | On 24th Jun 2017

NPD Group launches Trend Tracker for apparel trends

Global information company the NPD Group has launched Trend Tracker,...

Textiles | On 24th Jun 2017

Cotton USA’s first innovation competition in UK ends

Cotton USA has announced the successful close to its first innovation ...

Interviews View All

Jim Desai
Blaiva Fabricaa

Fashion industry likely to remain labour-intensive in coming years

Prabu Mohanram
Balavigna Weaving Mills Pvt Ltd

The biggest challenge that the weaving industry faces is high price

Kaizad Hansotia
GetNatty

Competition is the best thing that can happen to a startup

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

news category


Related Categories:
June 2017

June 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search