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APEC Initiative on Paperless Trade

APEC Initiative on Paperless Trade. YounKyong KANG Deputy Director, E-Business Policy Division Ministry of Commerce, Industry & Energy Republic of Korea. Contents. What is APEC? APEC Initiative on Paperless Trade Benefits and Challenges Strategies to move forward. What is APEC?(1).

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APEC Initiative on Paperless Trade

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  1. APEC Initiative on Paperless Trade YounKyong KANGDeputy Director, E-Business Policy Division Ministry of Commerce, Industry & EnergyRepublic of Korea

  2. Contents • What is APEC? • APEC Initiative on Paperless Trade • Benefits and Challenges • Strategies to move forward

  3. What is APEC?(1) • Established in 1989 • Membership : 21 economies in AP regions • Goal : to enhance economic growth and prosperity for the region by- trade and investment liberalization - business facilitation - economic and technical cooperation

  4. Structure Leaders’Meeting APECBusinessAdvisoryCouncil MinisterialMeeting Sectoral MinisterialMeetings SeniorOfficialsMeeting(SOM) Committee on TradeandInvestment EconomicCommittee SOM Committeeon ECOTECH

  5. Contents • What is APEC? • APEC Initiative on Paperless Trade • Benefits and Challenges • Strategies to move forward

  6. Vision • APEC Blueprint for Action on Electronic Commerce(1998) - Ministers agreed “that member economies should endeavor to reduce or eliminate the requirement for paper documents needed for customs and other cross-border trade administration and other documents and messages relevant to international sea, air and land transport, “Paperless Trading”, where possible, by 2005 for developed and 2010 for developing economies, or as soon as possible thereafter” • The APEC Trade Facilitation Principles in 2002

  7. SOM ATCWG SCCP ECSG (Electronic Commerce Steering Group) Tel Paperless Trade Sub-Group Privacy Sub-group

  8. How APEC Move from Paper to Paperless Trading?- (1) IAP - • Paperless Trading IAP(Individual Action Plan) - The 11th Ministerial Meeting in 1999 Auckland • The Template of Paperless Trading Individual Action Plan

  9. How APEC Move from Paper to Paperless Trading?- (2) Pathfinder Projects - - e-C/O (electronic Certificate of Origin)- e-SPS (Electronic Sanitary and PhytoSanitary Certificate)

  10. Pathfinder Project (1)Electronic Certificates of Origin • Implications • Between Singapore and Korea • Confidentiality, authenticity and non-repudiation • Potential savings of $US100/certificate(Crimsonlogic, Singapore)

  11. Pathfinder Project (2)Electronic SPS Certificate • Implications • BetweenAustraliaandNewZealand- Australian Quarantine and Inspection Service and New Zealand Food Safety Authority- especially with meat shipment

  12. Contents • What is APEC? • APEC Initiative on Paperless Trade • Benefits and Challenges • Strategies to move forward

  13. Benefits • Savings to business • Communication cost reduction • Fewer errors • Lower interest payments on trade finance • Efficient supply chains • Savings for government agencies, banks, insurers and shipping companies

  14. Challenges (1) • Lackof legal, institutional infrastructure- some economies lack of electronic transaction law- some economies lack of electronic signature law - lack of mutual recognition of electronic signature • Reluctance to changes - too many stakeholders - banks

  15. Challenges(2) • PathfinderProject- e-C/O(electronic Certificate of Origin) International message standard for e-C/O- e-SPS(electronic Sanitary and PhytoSanitary Certificate) lack of awareness

  16. Contents • What is APEC? • APEC Initiative on Paperless Trade • Benefits and Challenges • APEC Strategies to move forward

  17. Strategies to Move Forward(1) • Initiating new pathfinders for other priority areas- harmonize customs declaration items among interested member economies(CTI/SCCP)- a new Pathfinder on cross-border electronic transmission of customs clearance data(CTI/SCCP)- discussing cross-recognition of PKI domains • Intensifying capacity building activities - ECSG sponsors assessment and benchmarkingof current practices in paperless trading - training program, workshop etc.

  18. ABAC GBDe ECSG Asia PKI Forum PAA Strategies to Move Forward (2) • Collaborating with other international organizations - especially with UN/CEFACT (the standards of e-SPS, e-C/O) • Strengthening of public private partnership

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