APEC individual action plans
APEC individual action plans: these describe the voluntary actions by which APEC economies expect to reach the targets of the Bogor Declaration. Individual action plans contain each economy’s proposed action and, where appropriate, proposed collective action on trade and investment liberalization and facilitation. They contain steps to be taken in fifteen areas: tariffs, non-tariff measures, services, investment, standards and conformance, customs procedures, intellectual property rights, competition policy, government procurement, deregulation, rules of origin, dispute mediation, mobility of business people, implementation of the Uruguay Round outcomes, and information gathering and analysis. Individual action plans contain more detail on near-term actions. They are less specific on policies or directions for the long term. They are updated regularly. See also e-IAP and rolling specificity.
Source: http://ctrc.sice.oas.org/trc/WTO/Documents/Dictionary%20of%20trade%20%20policy%20terms.pdf
Web site to visit: http://ctrc.sice.oas.org
Author of the text: W. Goode
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