REGIONAL: I. APEC

Question 1

refers to the association created in 1989 tot econömies that share the boundaries of the Pacific Ocean

Answer 1

Asia-Pacific Economic Cooperation (APEC) forum

Question 2

APEC currently has 21 Member countries, namely:

Answer 2

Australia; Brunei
Darussalam; Canada; Chile;
People’s Republic of China;
Hong Kong, China; Indonesia;
Japan; Republic of Korea;
Malaysia; Mexico;
New Zealand; Papua
Guinea; Peru;
the Philippines; Russia;
Singapore; Chinese
Taipei; Thailand;
United States of America; and Viet Nam.

Question 3

four (4) objectives of APEC

Answer 3

• Sustain the growth and development of the region
• Enhance the gains of both the regional and world economies
• Develop and strengthen the open multilateral trading system
• Reduce barriers to trade in goods and services, and minimize hindrance to investment

Question 4

What are the programs to achieve APEC’s objectives

Answer 4

Liberalization
Facilitation of trade and investment
Technical cooperation
Economic policy coordination

Question 5

operational targets set by the APEC leaders in Osaka to achieve the goal of free and open trade and investment in the Asia-Pacific region by 2020

Answer 5

Trade in goods
Trade in services
International investment
Transport
Tourism
Telecommunications
Dispute settlement
Competition policy
Administrative procedures

Question 6

Non-agricultural goods that are entirely or partially comprised of parts that:
(i) have been obtained from the disassembly of used goods; and
(ii) have been processed, cleaned, inspected, and tested to the extent necessary to ensure they have been restored to original working condition or better; and for which the remanufacturer has issued a warranty

Answer 6

Remanufactured goods

Question 7

Product that goes through a recovery process where it is transformed through cleaning, testing, and other operations so.that it meets the same specifications as a new good2

Answer 7

Remanufactured goods

Question 8

Product that goes through a recovery process where it is transformed through cleaning, testing, and other operations so that it meets the same specifications as a new good

Answer 8

Remanufactured goods

Question 9

Industrial goods assembled in the territory of a Party classified under HS Chapter 84, 85, 87, or 90 or heading 94.02, except goods classified under HS heading 84.18 or 85.16, that:
(i) are entirely or partially comprised of recovered goods; and
(ii) have a similar life expectancy and enjoy a factory warranty similar to such new goods

Answer 9

Remanufactured goods

Question 10

Industrial good assembled in the territory Of a Party as listed in Annex 4.A, that: (i) is entirely or partially composed of recovered goods; (ii) has the same life expectancy and meets the same performance standards as a new good; and (iii) enjoys the same factory warranty as such a new good

Answer 10

Remanufactured goods

Question 11

relevant use of advance rulings to the APEC economies

Answer 11

help to address chokepoints in the supply chain

Question 12

are annual reports that record the unilateral steps taken by Members to meet the Bogor Goals. These are prepared for each of the fifteen (15) policy action areas of the Osaka Action Agenda.

Answer 12

Individual Action Plans

Question 13

Why do Members need to submit Individual Action Plans?

Answer 13

• To improve the transparency
• To encourage Members to focus on, policy ,issues which need to be addressed
• To maintain and demonstrate the momentum of APEC trade and investment efforts
  *To enable Members to learn from the liberalization and facilitation experiences of others

Question 14

Each economy required to keep this database current by providing both regular updates of tariff information as changes occur and annual updates of trade and other agreed-upon data.

Answer 14

APEC Tariff Database

Question 15

refers to the industry sector devoted to solving, limiting, or preventing environmental problems. EGS companies may be involved in manufacturing and/or services related to water or air pollution, waste management, recycling, renewable energy, monitoring, and analysis and assessment

Answer 15

Environmental Goods and Services (EGS)

Question 16

What is the Philippines’ Environmental Goods Schedule

Answer 16

EO 185 was issued, modifying the MFN rate of certain environmental goods, in compliance with the Philippines’ commitment. Items subjected to 5% MFN rates included condensers for steam or other vapour power units, waste incinerators, and filtering machinery and apparatus for liquids or gases.

Question 17

implications of the APEC Work Programme on Environmental Goods to the Philippines

Answer 17

Reduction of tariffs to 5% in 2015 on the environmental goods in the APEC List will improve market access of Philippine exports to USA, Taiwan and Mexico on six (6) tariff lines.