Subscribe to our free, weekly email newsletter!



APEC trade partners must reduce barriers to trade

By Patrick Burnson, Executive Editor
November 14, 2011

One priority goal the United States has pursued this year is to make the Asia-Pacific a seamless regional economy. Just how close this nation will come to achieving that will be made clear at the annual Asia-Pacific Economic Cooperation (APEC) Ministers and Economic Leaders’ Meetings in Honolulu, Hawaii this week.

The U.S. is asking its APEC trade partners to reduce barriers to trade for environmental goods and services, promote innovation policies that encourage competition and open markets, and improve their regulatory systems. Value-added improvements in these areas will make it easier for American businesses to export to the Asia-Pacific region, supporting the creation of much-needed American jobs. 

Just how receptive another global power will be to these suggestions remains in doubt, however. China is doing just fine without such an arrangement, and may view the expansion of the Trans-Pacific Partnership (TPP) agreement as unnecessary at best…a threat to its national security at worst.

For a variety of reasons, this is unfortunate.

In considering trade in the 21st-century, TPP parties are discussing comprehensive issues like building regional production, promoting development, and facilitating the participation of small- and medium-sized businesses in global trade. By eliminating traditional barriers that prevent smaller businesses from entering the world marketplace, we are opening pathways for these enterprises to expand and grow through trade.

By making it easier for all our exporters to enter markets in APEC economies, we are helping businesses grow exponentially. This dynamic growth leads to further job creation across the region, including in the U.S. – an important component to President Obama’s economic policy.

About the Author

image
Patrick Burnson
Executive Editor

Patrick Burnson is executive editor for Logistics Management and Supply Chain Management Review magazines and web sites. Patrick is a widely-published writer and editor who has spent most of his career covering international trade, global logistics, and supply chain management. He lives and works in San Francisco, providing readers with a Pacific Rim perspective on industry trends and forecasts. You can reach him directly at .(JavaScript must be enabled to view this email address).


Subscribe to Logistics Management magazine

Subscribe today. It's FREE!
Get timely insider information that you can use to better manage your
entire logistics operation.
Start your FREE subscription today!

Recent Entries

Many companies are turning to Global Trade Management (GTM) as a viable solution to address the complexities associated with international trade. But how do you successfully build a business case for GTM software?

Various media outlets reported this week that UPS will pay $25 million to settle allegations that it filed false claims to the federal government over guarantees it made related to delivery of Next Day air overnight packages.

While the dust continues to settle at West Coast ports after a nine-month labor dispute that saw the two main parties involved–the Pacific Maritime Association (PMA) and the International Longshore & Warehouse Union–reach a tentative labor agreement on February 22, the PMA said yesterday that its members voted to ratify a new contract with the ILWU.

The United States House of Representatives yesterday passed legislation, entitled H.R. 2353, the Highway and Transportation Funding Act of 2015, by a 387-35 margin that extends current law and authorizes surface transportation programs through the end of July.

As the supply chains of high-tech shippers continue to mature and innovate, coupled with rapid growth, it is not a huge surprise to see them further leverage current strategies and lay the groundwork for newer ones, when it comes to further expanding their manufacturing supply chain capabilities. That was a key theme in the fifth Annual UPS Change in the (Supply) Chain (CITC) survey that was rolled out today.

Article Topics

Blogs · Global · Global Trade · Logistics · All topics

Comments

Post a comment
Commenting is not available in this channel entry.


© Copyright 2015 Peerless Media LLC, a division of EH Publishing, Inc • 111 Speen Street, Ste 200, Framingham, MA 01701 USA