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About The Asia Pacific Economic Cooperation Business Travel Card
Headquarters: Singapore
Founded: November 1989, Canberra, Australia
Founder: Bob Hawk
Office: Queenstown, Singapore
Type: Economic Cooperation
Foundation: 1989
The Asia-Pacific Economic Cooperation (APEC) is an economic cooperation bloc. between economic zones in the Asia-Pacific region APEC was founded in 1989. Wikipedia
What is APEC?
APEC or Asia-Pacific Economic Cooperation (Asia-Pacific Economic Cooperation: APEC) is a forum for economic cooperation in the Asia-Pacific region. It was established in 1989 with the main goal of promoting trade and investment liberalization. Including cooperation in social dimensions and development in other areas such as cooperation in agriculture. Promoting the role of women in the economy Disaster Risk Reduction and development in public health To contribute to the creation of inclusive, sustainable economic growth and prosperity for the people of the region.
Currently, APEC has 21 member economies, comprising world economic powers such as the United States, China, Japan, Canada, South Korea, and Russia, with Thailand being one of the 12 founding member economies. One-third of the world has a combined gross product (GDP) of more than 53 trillion US dollars, or about 1.700 trillion baht, more than half of the world’s GDP and the total trade is almost half of the world’s trade.
The APEC operating mechanism is divided into the following levels:
1. Policy level
1.1 APEC Economic Leaders’ Meeting (AELM)
1.2 APEC Ministerial Meeting (AMM)
1.3 APEC Trade Ministers Responsible for Trade Meetings (MRT)
1.4 APEC Finance Ministerial Meeting (FMM)
1.5 Sectoral Ministerial Meetings
2. Practical level
Senior Officials Meeting (SOM), which oversees the results of the meetings of the four main committees: (1) the Committee on
(2) the Budget and Management Committee (BMC), (3) the Economic Committee (EC), and (4) the Committee. The Steering Committee on Economic and Technical Cooperation (SCE) and a number of working group meetings under four board
3. APEC Business Advisory Council ( ABAC ). More details can be found in the APEC Handbook on Themes and Priorities that Thailand pushes for hosting A. specification
APEC objectives
APEC aims to promote economic growth. and foster a sense of community participation in the Asia-Pacific region. Each year, APEC leaders and ministers meet to review progress of operations One of APEC’s most prominent goals is the “Bokor Goal” to promote trade and investment liberalization in the region. Asia-Pacific Starting with developed members by 2010 and for the remaining developing members by 2020, Bogor is the name of a seaside town located on the island of Java.
Indonesia which was the site of the 2nd APEC Economic Leaders Meeting in 1994. Unlike other organizations such as the United Nations, APEC requires a vote in the process. decide sometimes Or the World Trade Organization where member countries try to protect their trade interests. fully But APEC operates on the basis of consensus, voluntary and action. different time frames In addition, APEC is a unique organization that can talk about economic and technical cooperation between developed members and developing
About The Asia Pacific Economic Cooperation Business Travel Card
The Asia Pacific Economic Cooperation (APEC) Business Travel Card (ABTC) facilitates short-term business travel within the APEC region by streamlining the entry process into APEC economies. The ‘apply once, information used for multiple purposes’ approach is used which means that applicants are only required to make one application for permission to enter participating economies.
Successful applicants from fully participating economies are issued with a five-year card that serves as the entry authority to other fully participating economies which have granted pre-clearance for short-term business travel of up to 60 or 90 days. The card also enables holders to fast track immigration processing at each economy’s major international airports. Note that Canada and the United States of America (the United States) are transitional members of the ABTC scheme and do not offer reciprocal entry arrangements, but do provide fast track immigration processing at major international airports.
Eligibility Criteria
To be eligible to apply for an ABTC you must hold a valid passport from an APEC economy (or be a permanent resident of the Hong Kong Special Administrative Region (Hong Kong, China), engage in regular business travel throughout the APEC region and have no criminal conviction. Each economy has the discretion to impose additional eligibility criteria on their applicants. Further information about the eligibility criteria of each economy is available through the domestic websites of each economy, accessible via the contact details below.
Senior government officials and officials actively engaged in APEC business may also be eligible for an ABTC. As each economy will define a “senior government official” according to its own bureaucratic structure, please contact your home economy to determine whether you meet this criteria.
Application Process
Applicants make a single application to the economy for which they hold a passport (home economy), or have permanent residence in the case of Hong Kong, China. If this economy assesses the application as meeting the relevant criteria, the applicant’s details are provided to the other participating economies who conduct their own assessment of whether to grant pre-clearance. When all economies have made a pre-clearance decision, the applicant receives an ABTC that lists the economies to which they have permission to travel. Each economy is responsible for managing the processing of their own pre-clearance applications and no economy has any influence over the processing timeframes of another.
ABTC Pre-clearance Status Tracker
Once the home economy has approved the application, applicants can monitor which economies have provided pre-clearance using the ABTC Pre-clearance Status Tracker. If you are applying through Canada or the United States, you may check your application status through your TTP account. Last update: July 2023 From apec.org
Source: apec.org, apec2022, chula
