Attachment to APEC Ministers' Joint Statement

Osaka, Japan
November 17, 1995

Partner for Progress

1. PURPOSE

"Partners for Progress (PFP) " aims at introducing in APEC a mechanism to further promote economic and technical cooperation on the basis of mutual assistance and voluntarism.

2. BACKGROUND

(1) The implementation of the Bogor Declaration comprises trade and investment liberalization, trade and investment facilitation, and economic and technical cooperation. These are the three basic pillars of APEC activities and APEC members need to move forward in all the three areas.

(2) The third pillar, i. e. economic and technical cooperation in APEC consists of;

3. THE PFP MECHANISM

(1) GUIDELINES

(2)PROGRAM PROCESS

(3) ROLE OF THE SECRETARIAT

Proposal on Criteria and Principles on non Member's Participation in APEC Working Group Activities Principles

1. It is important that on the one hand APEC neither gives the appearance of being a closed shop nor cuts itself off from useful contact with non-member economies, while on the other that it gives due weight to the need for consolidation and effectiveness.

2. The following principles are proposed in considering any application:

3. This last principle is particularly important. There must be no linkage between participation in APEC WGs and any application for a full membership of APEC. In other words, participation in a WG is neither necessary nor sufficient for a successful application to become an APEC member.

Management

4. It is proposed that participation by non-members should be managed as follows:

5. It is not proposed that any additional category of participation be introduced beyond the existing four, i.e. member, APEC Secretariat, observer and guest.

Guideline on the APEC Business Advisory Council (Co-Chair's Proposal) Structure:

Each of the APEC economies will appoint no more than three representatives to the APEC Business Advisory Council(ABAC)from the business/private sector. These representatives should reflect the interests of a broad spectrum of the sector, including small and medium-sized enterprises. In appointing their representatives and deciding upon the terms of their appointments, each APEC economy should take into account the need for some degree of continuity.

ABAC will be asked to find appropriate ways to engage other regional business/private sector organizations, such as PBEC, PECC and APB-NET, in APEC activities.

ABAC itself will determine the structure and function of the ABAC Secretariat. The Institute for Policy Studies in Singapore is expected to provide assistance in the initial stages.

Funding:

The funding for ABAC will not be provided by the APEC Central Fund but by other sources including the business/private sector; however, in the initial year of operation, the APEC Central Fund may disburse funds to assist with ABAC expenses.

ABAC Activities:

ABAC will have two main functions. One will be to provide advice on implementation of the Action Agenda and on other specific business sector priorities. Its second function will be to respond when various APEC fora request information about business-related issues or the business perspective on specific areas of cooperation.

ABAC will provide reports on its activities to the Leaders, as well as to the Ministers through the Senior Officials Meetings.

Initial Phase:

(1)1996, first quarter: APEC economies will appoint the first ABAC representatives.

(2)1996, first half: Inaugural meeting of ABAC will be held.

(3)1996 APEC Ministerial Meeting: ABAC will report its decisions on structure, funding and activities.

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