Renewed APEC Agenda for Structural Reform (RAASR) - Final Review Report

This final review report assesses the progress attained by APEC economies in their structural reform efforts under the Renewed APEC Agenda for Structural Reform (RAASR), and serves as inputs for the next iteration of APEC’s structural reform agenda. It shows that APEC economies have made good strides, both collectively and individually, in advancing RAASR. However, backtracking, decline and uneven progress in a number of indicators indicate that RAASR has not been fully accomplished. As the APEC Economic Committee (EC) looks at developing the next structural reform agenda, the report recommends to continue with some of the existing areas even as it tackles other challenges and adapts to the changing landscape. Other recommendations to EC include: (1) explore how recommendations arising from the APEC Economic Policy Reports can be better incorporated and operationalized in the next structural reform agenda; (2) act decisively to ensure that a new structural reform agenda contributes not only to tackling the challenging tasks at hand, but also to building resilience in the region against shocks similar to COVID-19 pandemic in the future; and (3) reinforce the importance of holistic approaches to structural reform efforts in the next agenda and work to promote this approach across EC’s work and in interactions with other APEC fora.