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Trade Facilitation in APEC: Economic Impacts and Policy Options economic cooperation, trade policy

Author Series 06-05 Language Korean Date 2006.12.29

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APEC Leaders at the 14th APEC Economic Leaders' Meeting held in Hanoi on 18~19 November 2006 welcomed and endorsed the 'Hanoi Action Plan to Implement the Busan Roadmap towards the Bogor Goals,' which is a comprehensive set of specific measures, schedules, and capacity building initiatives. Specifically, Leaders highlighted numerous steps taken to carry the Busan Business Agenda forward and welcomed the new trade facilitation framework that targets a further reduction of trade transaction costs by 5% in the APEC region by 2010. (The rest is omitted.)

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