Ingenieur Vol 61 January-March 2015 | Page 42

INGENIEUR strengthen their implementation of good regulatory practices (e.g. ensuring internal co-ordination of regulatory work, assessing the impact of regulations, and conducting public consultations).  Economies will further explore using Internet-based tools to strengthen the implementation of good regulatory practices, including new initiatives APEC economies could take to strengthen the conduct of public consultations on proposed regulations in the Internet era. Under structural reform, the APEC Ease of Doing Business (EoDB) Multi-Year Project (MYP) facilitates tailored capacity building activities to support economies in achieving the target of making it 25% cheaper, faster, and easier to do business. We aim to achieve these goals by harmonising local policies with existing inter national a g re em ent s, and agree to consider the continuation of our work on the EoDB until 2020. We commit to fostering t r a n s p a r e n c y, s a f e t y, competition and better functioning markets, including e - commerce, in the Asia Pacific and aim to expand the application of secure and trusted ICT and e-commerce environment by 2025. APEC needs to develop a strategy to tackle the policy challenges raised by the MiddleIncome Trap (MIT). Improving an economy’s competitiveness, productivity levels and its regulatory environment for the ease of doing business can contribute to overcoming some of the issues that underpin the MIT. 6 40 Under People - to - People Connectivity, we will strive to facilitate the movement of people across borders, and to facilitate the exchange of innovative ideas. As such, issues of business travel mobility, cross-border education, tourism facilitation, and skilled labour mobility will be addressed under this pillar. We commit to continue expanding the number of holders of the APEC Business Travel Card (ABTC) and to improve the efficiency and effectiveness of ABTC scheme. We undertake to improve cross-border education (CBE) co-operation, in recognition that student, academic and provider mobility helps to strengthen regional ties, facilitate peopleto - p eople exchanges and promote economic development through knowledge and skills transfer. We resolve to achieve one million intra-APEC student exchanges per year by 2020, and to increase the number of student exchanges to developing economies. Tourism is an important part of APEC economic growth strategies, and this is reflected in the many tourism facilitation and promotion initiatives that have been implemented within the APEC region. In this regard, we welcome domestic efforts by several economies to implement measures to ease visa restrictions for tourists as well as initiate programmes to facilitate immigration processing. We will make effor ts to achieve 800 million APEC tourist arrivals by 2025, and commit to establishing an APEC-wide Code of Conduct for Travel Providers VOL 61 JANUARY – MARCH 2015 VOL 55 JUNE 2013 in order to reduce travellers’ costs and uncertainties relating to tourism. We will intensify co-operation within APEC in promoting cultural exchanges, by aiming to hold at least one cultural awareness event by each APEC economy in every other APEC economy per year by 2017. We resolve to advance work on cross-border science, technolog y, and innovation exchanges. We note with appreciation the annual APEC Science Prize for Innovation, Re s e a r c h a n d E d u c a t i o n (ASPIRE) which recognises young scientists who have demonstrated co - operation with scientists from other APEC member economies, as well as a commitment to excellence in scientific research. On professional and skilled labour mobility, we welcome ini t ia t i v e s to b e n c h m a r k qualifications in the transport and logistics industry, allowing businesses within the region to have more certainty over the skill sets of workers from other economies. There are various bilateral Mutual Recognition Agreements (MRAs), and going forward, APEC can undertake work to help expand the number of bilateral and multilateral MRAs in the region. Mutual recognition of skills and credentials can play an important role in facilitating skilled labour mobility. Timely and accurate information on skills gaps and labour market imbalances will also need to be gathered and analyzed to ensure responsive policymaking in this area. We commit to strengthen people-to-people connectivity