Sustainable Growth in APEC

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1 Sustainable Growth in Thursday, October 21, 2010 Haruhisa Somaya Councilor for, Trade Policy Bureau, Ministry of Economy, Trade and Industry Japanese National Strategic Projects 2 1

2 Timetable for 21 National Strategic Projects under New Growth Strategy 3 Regional Architecture in the Asia Pacific ASEM ASEAN Brunei Darussalam, Indonesia, Malaysia, the Philippines, Singapore, Thailand, Vietnam Japan, People s Republic of China, Republic of Korea Australia, New Zealand Laos, Myanmar, Cambodia ASEAN+3 EAS(ASEAN+6) India Pakistan Mongolia EU The United States, Canada, Russia, Papua New Guinea Hong Kong China, Chinese Taipei, Mexico, Chile, Peru ARF North Korea 4 2

3 Premier forum of 21 Asia Pacific economies. Founded in 1989 とは (Asia Pacific Economic Cooperation) Members Japan; Republic of Korea; People s Republic of China; Hong Kong, China; Chinese Taipei; Russia ASEAN:Brunei Darussalam; Indonesia; Malaysia; the Philippines; Singapore; Thailand; Viet Nam Oceania:Australia; New Zealand; Papua New Guinea North, Central and South America:The United States; Canada; Mexico; Chile; Peru Accounts for roughly half of global GDP, population, and trade GDP (53%), Population (40%), Trade(44%) (As of 2007) GDP Population Trade 53% 40% 44% Purpose: to advance cooperation aimed at Asia Pacific economic development Regional cooperation on liberalization and facilitation of trade and investment, structural reform, energy, and other economic issues. Modeled for cooperation rather than concessions. This style facilitates a progressive policy discussion which goes beyond legal commitments. The only forum where the region s Leaders annually converge and may make joint commitments. Global private networks such as ABAC promote an atmosphere of positive group discussion among member economies. 5 Why? is a regional framework that unites East Asia and the Americas. is the only forum where 21 Leaders in the region meet regularly and make commitments. Participation of business leaders is also an integral part of the process. Since its beginning in 1989, has made significant contributions to economic development in the Asia Pacific region. This year will be a turning point in history: By 2010, s industrialized economies are scheduled to achieve the Bogor Goals for free and open trade and investment. It will also be an important year for as it initiates actions to tackle new challenges. As the next host economy in 2011 is the United States, is also a key item in the context of U.S. Japan bilateral cooperation. 6 3

4 Presenting a new vision of action for the changing global economy: Change and Action United States (Seattle) Indonesia (Bogor) Bogor Goals were set Why is Japan 2010 important? Japan (Osaka) Singapore Work to achieve the Bogor Goals of free and open trade and investment Japan (Yokohama) Target year for industrialized economies to achieve the Bogor Goals United States (Honolulu) Russia (Vladivostok) Indonesia Globalization accelerates International trade and investment expand Asia s trade surplus expands Interdependence increases Emerging economies rapid growth increases their global stature. Global crisis emerges from growing global imbalances. Trade friction intensifies Asian Western confrontation Growing concern that the world economy may be divided into blocks Long Term Vision is adopted The Bogor Goals :Achieve free and open trade and investment in the Asia Pacific (Industrialized economies by 2010, developing economies by 2020) The public questions globalization s role as the growth engine Political and other movements to buy domestic products increase Energy and environmental constraints, various disparities weigh in Assignments for 2010 (1)Assess the progress towards the Bogor Goals (2)NEW VISION Deepen Regional Economic Integration Formulate the Growth Strategy Enhance Human Security 7 Japan 2010 Meetings Japan is chairing meetings in (for the first time in 15 years since Osaka; the United States will chair in 2011) Ministerial meetings on energy was held in June. Japan 2010 Symposium (Dec , Tokyo) ISOM (Dec , Tokyo) SOM I and Related Meetings (Feb. 22-Mar. 7, Hiroshima) Extraordinary SOM (Apr , Tokyo) SOM II and Related Meetings (May 26-Jun. 4, Sapporo) Meeting of Ministers Responsible for Trade (Jun. 5-6, Sapporo) Energy Ministerial Meeting (Jun , Fukui) Growth Strategy High-Level Policy Round Table (Aug. 7-8, Beppu) SOM III and Related Meetings (Sep , Sendai) Tourism Ministerial Meeting (Sep , Nara) SME Ministerial Meeting (Oct. 2-3, Gifu) Sapporo Ministerial Meeting on Food Security (Oct , Niigata) Finance Ministers Meeting Ministerial Meeting on (Nov. 6, Kyoto) Telecommunications and Information Industry Sendai CSOM (Oct , Nago) (Nov. 7-8, Yokohama) Hiroshima Beppu Fukui Gifu Kyoto Nara Nago Niigata Tokyo Yokohama Ministerial Meeting (Nov , Yokohama) Economic Leaders Meeting (Nov , Yokohama) (ABAC) (Nov. Yokohama) (CEO Summit) (Nov. Yokohama) (SME Summit) (Nov. Yokohama) 8 4

5 Organization of Leaders' meeting (AELM) Business Advisory Council (ABAC) Ministerial Meeting (AMM) Senior Officials' Meeting (SOM) Spectral Ministerial Meeting Secretariat Committee on Trade & Investment (CTI) Budget & Management Committee (BMC) Economic Committee (EC) SOM Steering Committee on ECOTECH(SCE) Sub-committees/Expert Group in CTI Sub-group under EC Taskforce SCE Working Groups Standards & Conformance (SCSC) Customs Procedure (SCCP) Market Access (MAG) Service (GOS) Investment (IEG) Intellectual Property (IPEG) Government Procurement (GPEG) Business Mobility (BMG) Electronic Commerce (ECSG) Competition Policy (CPLG) Anti-Corruption (ACT) Counter Terrorism (CTTF) Gender (GFPN Mining (MTF) Emergency Preparedness(TFEP) Agriculture (ATCWG) Energy (EWG) Fisheries (FWG) Health (HWG) Human Resource Development (HRD) Industrial Science & Technology (IST) Marine Resources Conservation (MRC) Small & Medium Enterprises (SMEWG) Telecommunications & Information(TEL) Tourism (TWG) Industry Dialogue Transportation (TPT) Automotive (AD) Chemical (CD) Agricultural Biotechnology(HLPDAB) Life Sciences (LSIF) 9 The Growth Strategy (Draft) Growth Attributes and Policy Measures 1.Balanced Growth :Resolve economic imbalances 2.Inclusive Growth :Provide access to opportunities for growth SME assistance, capacity building, improve the social safety net, and create opportunities for women 3.Sustainable Growth :International efforts and engagement to protect the environment; transition to a green economy Promote low-carbon energy and energy efficiency; assist green industry; respond to climate change; accelerate investment and trade in environmental goods and services; green ICT 4.Innovative Growth :Accelerate innovation and foster new industries Intellectual property, standards and certification, IT use, exchange in highly skilled human resources, industrial and technical cooperation 5.Secure Growth :Secure the safety indispensable to economic activity Counter-terrorism, disaster prevention, food security, and infectious disease countermeasures. 10 5

6 Background Low-Carbon Model Town Project Introduction of low carbon technologies to boost energy efficiency and reduce fossil energy use is vital to manage rapidly growing energy consumption in urban areas. Taking countermeasures only in single buildings is insufficient. It is necessary to take countermeasures in the early phase of urban development plan. Concept of Low Carbon Town Urban development which aims to achieve energy efficiency and introducing law carbon technologies in the process of Planning, Developing and Operating of the projects. *e.g. smart grid, heat pump, electric vehicles, zero emission buildings, photovoltaic generation, geo thermal utilization, energy management etc. 11 Low-Carbon Model Town Project Taking the project forward Japan proposed the Low Carbon Model Town Project at Energy Ministers Meeting (EMM9) held in Fukui, Japan and it was agreed by Energy Ministers (Japan will donate 1 billion yen in three years). It was agreed to implement Tianjin City Project, jointly proposed by Japan and China, as the first case of the Project Feed Back Concept Creation Sharing Information From Case Studies Implementing Feasibility Studies 12 6

7 Green IT Advanced automotive electronics Energy-saving home appliances LED/OEL illumination Homes HEMS BEMS Ecological driving Business with ITS, ETC Transportation More efficient distribution Industries with RFID tags Power Electronics Green by IT Telecommuting, Videoconferencing, online sales, etc. IT control systems of machines/factories Introduction of more energy efficient IT devices/systems IT infrastructure Green of of IT 13 Environmental Goods & Services (EGS) in EGS Work Programme In the EGS Work Programme, endorsed by Ministers in November 2009, members agreed to take the following actions: Continue to contribute to the EGS Information Exchange (EGSIE); Identify a package of follow up actions: An identification of 1. goods and services which, via increased utilization, could help climate change mitigation and sustainable economic growth; 2. concrete steps to facilitate the diffusion of climate friendly and other EGS technologies; and 3. capacity building activities Promote greater dissemination and utilization of EGS by such measures as works to address NTBs and enhance market drivers to environmental goods through close cooperation among relevant fora (e.g., greater harmonization and convergence of energy efficiency standards) Improve understanding and market access for environmental services and services relevant to climate change mitigation 14 7

8 Examples of EGS Initiatives in 2010 EGS Initiatives Environmental Goods and Services Information Exchange (EGSIE) A web site that will promote greater transparency, information sharing, collaboration, and dissemination of EGS in and globally. Energy Standards Information System (ESIS) A web site that provides up to date information about appliance and equipment energy standards and regulations. esis.org/ Mapping Exercise on Energy Efficiency Products (Japan) Mapping exercise of energy efficiency standards, labeling, and testing and measurement procedures in each economy and their alignment with international standards. Conference on Standards and Conformance for Green Harmonization (Japan) Share information on energy efficiency regulation systems among government, business and international organizations. 15 Thank you for your attention!! 8