Current IEG projects
Corporate Social Responsibility International Instruments for APEC Economies
The project’s main objective is to foster sustainable development investments through the promotion of Corporate Social Responsibility (CSR) principles by the business community; the analysis and implementation of the principles and guidelines on CSR developed by international bodies; and the exchange of information on national efforts (both public and private) to adopt integrated policies towards social sustainability and social responsibility. A workshop scheduled 8-9 May 2014 in Santiago, Chile will gather experts on Corporate Social Responsibility (CSR) instruments, governments which have supported successful CSR initiatives, and private companies with CSR efforts.
Enhancing the Investment Environment in APEC and ASEAN Economies
This multi-year 2012-2015 program is aimed at supporting key objectives of APEC’s investment agenda expressed in the IEG’s Collective Action Plan 2012. Building on the outcomes of the Investment Seminar and Public Dialogue held in Beijing, China, in September 2013, a capacity building training program will be held on 12-18 June 2014 in Melbourne, Australia, to strengthen institutions and build capacity of regional investment officials. The project will also help to increase cooperation through dialogues on investment with relevant international organizations, businesses managing pension funds and sovereign wealth funds, and state owned enterprises. The program will also consider the formation of a high-level regional investment analytical group to promote quantitative benchmarking.
Case Studies on the Best Practice of Sustainable Investment in the APEC Region
The project is designed to raise understanding and awareness of opportunities for inclusive development within APEC economies; share experiences, lessons learned and opinions on balancing investment, environmental, and social objectives to increase the public support for free and open trade and investment. The project involves case studies and the concluding “Conference on the Best Practices of Sustainable Outward Foreign Direct Investment (OFDI) in the APEC Region” in September 2014 in Beijing.
Research on Best Practices in Prompt Consideration of Investors’ Complaints in the APEC Region
The main objective of the project is to identify best practices of dispute resolution mechanisms in the APEC region and to provide recommendations on how to improve or/and establish such mechanisms. A transparent system for dispute resolution will help create a more favourable investment climate. This project aims to build strong partnerships between government and investors as well as develop transparent mechanisms for establishing and implementing dispute resolution processes at the pre-court stage.
Guidebook on PPP Frameworks in the APEC Region
Directly corresponding to an APEC priority of strengthening connectivity through infrastructure development, the project aims to compile information on public-private partnership (PPP) frameworks in APEC economies into a single guidebook to provide a general overview of the progress and requirements necessary to establish a PPP project.
Investment Facilitation Action Plan (IFAP)
In their 2009 Statement, APEC Ministers Responsible for Trade declared that the economic downturn has caused foreign direct investment levels in APEC economies to fall sharply in 2008 and early 2009. Ministers urged economies to intensify their efforts to improve their investment climates by implementing actions to promote greater transparency, reduce investor uncertainty, and simplify business regulations.
This follows their endorsement in June 2008 of an Investment Facilitation Action Plan (IFAP) for 2008-2010. The IEG worked on implementing the IFAP in three priority areas; including (1) e-transparency, (2) reducing investor risk, and (3) simplifying business regulation. The IEG submitted a report on the progress of its activities on these 15 priority actions for the Investment Facilitation Action Plan (IFAP) implementation in 2010.
Following the end of the first implementation period, in 2012 the IEG endorsed the reviewed Investment Facilitation Action Plan (IFAP) priorities which included twelve possible action items under the three focus themes for 2012-2014, namely enhancing stability of investment environments, security of property and protection of investments through dispute avoidance and resolution; improving the efficiency and effectiveness of investment procedures, through the use of new technology; and building and maintaining constructive stakeholder relationships. The IFAP Implementation in Facilitating Investment for the Asia Pacific Region was published in 2013 analyzing the progress APEC member economies have made toward reaching IFAP implementation goals.
APEC Non-Binding Investment Principles (NBIP)
The 2011 APEC Non-Binding Investment Principles (NBIP) demonstrates APEC’s commitment to promoting investment and addressing challenges posed by a rapidly evolving business environment. The Principles were successfully revised seventeen years after they were first established.
APEC Strategy for Investment
The APEC Strategy for Investment (Appendix 7) was approved at the Third Senior Officials Meeting in September 2010. The Strategy aims to promote increased investment flows throughout the APEC region. The Strategy is implemented under three main pillars: (1) Advanced Principles and Practices; (2) Facilitation; and (3) Promotion. Some of the activities under this Strategy include analytical studies on investment practices, Investment Facilitation Action Plan (IFAP) follow-up, public-private dialogues on investment, capacity building and information sharing, as well as cooperation with other international organizations.
Public-Private Dialogue on Investment
In 2010, the Leaders tasked the IEG with holding the Public Private Dialogue (PPD) on Investment as part of the implementation of the APEC Strategy for Investment. Since then, the annual dialogue has gathered extensive participants from both the sectors, resulting in specific recommendations on investment in infrastructure and economic growth (2011), legal regulation and institutional development of Public Private Partnerships (PPP) and investment in infrastructure (2012), and Corporate Social Responsibility (CSR) for local communities (2013).
Clarence HOOT (Mr)
Investment Promotion Authority
Papua New Guinea
Rodrigo MONARDES (Mr)
General Directorate for International Trade and Economic Affairs (DIRECON)
Sakura OZAKI (Ms)