The SCCP played an important role in the APEC Trade Facilitation Action Plan (TFAP) which was adopted by APEC in 2002. The TFAP's goal of achieving a reduction in trade transaction costs by five percent across the APEC region between 2002 and 2006 has been realised.
APEC's Second Trade Facilitation Action Plan (TFAP 2) was adopted in 2007 and is now nearing completion. Its goal is a further reduction in trade transaction costs by five percent in the period 2007-2010. The SCCP is working on its implementation and on the measurement of its success with the Committee on Trade and Investment (CTI).