Answer the questions and pass the level! 21 economies "meet offline". Have you figured out the rules of this "group"?

The 33rd APEC Leaders’ Informal Meeting is about to kick off in Shenzhen. 21 economies are about to "meet offline." Have you figured out the rules of this "group"?

The Voice of China has specially planned "Walking in Shenzhen·Questions and Answers on APEC". Come and follow the reporters to answer questions and pass the test!

Q1: Does APEC have mandatory legal binding force and all members must unconditionally implement all resolutions reached at the meeting?

【Answer】Wrong. APEC is not an international organization with mandatory binding force. It is more like an economic dialogue platform. When it was founded in Canberra, Australia, in 1989, it was decided to get along as a "big family".

[In-depth] Liu Chenyang, President of the China APEC Research Institute: APEC implements a combination of collective action plans and unilateral action plans, allowing members to carry out actions independently and voluntarily according to their own capabilities. It also adds some peer review and regular evaluation, so that this organization can gradually implement cooperation concepts into tangible cooperation actions. Although APEC is not a hard constraint, it has always been effectively advancing.

Q2: How many economies does APEC consist of?

【Answer】21. "Economy" is the official expression, and it only participates in economic cooperation and does not involve sovereign diplomacy. APEC is an economic cooperation mechanism. This name reflects that it mainly discusses issues related to global and regional economies. In 1991, China, Hong Kong, and Taipei all joined APEC simultaneously as economic entities.

[In-depth] APEC currently has 21 member economies, namely Australia, Brunei, Canada, Chile, China, Hong Kong, Indonesia, Japan, South Korea, Malaysia, Mexico, New Zealand, Papua New Guinea, Peru, Philippines, Russia, Singapore, Chinese Taipei, Thailand, the United States and Vietnam. In addition, APEC has three observers, namely the ASEAN Secretariat, the Pacific Economic Cooperation Council, and the Pacific Islands Forum Secretariat.

Q3: In the Asia-Pacific region, what proportion can small, medium and micro enterprises account for?

A.20% B.50%

C.80% D.97%

【Answer】D.97%. Micro, small and medium-sized enterprises account for more than 97% of all enterprises in the Asia-Pacific region and are an important support for regional economic resilience and innovative vitality. Therefore, it is important to promote the healthy and sustainable development of small, medium and micro enterprises. The picture shows the Asia-Pacific Small and Medium Enterprises Cooperation Zone, a national-level Chinese and foreign small and medium-sized enterprise cooperation zone approved by the Ministry of Industry and Information Technology.

[Deep Degree] Cai Hui, head of a technology company in Shenzhen: Last month, I participated in the first enterprise-specific matchmaking meeting of the cooperation zone’s rotating service month. A project transformation platform from Australia came over and released four manufacturing cooperation needs that can be directly negotiated. Among them are robot parts manufacturing needs targeting the Australian and New Zealand elderly care markets, which is perfect for us. We are finalizing a series of cooperation intentions and plan to implement these solid cooperation intentions.

Q4: APEC has a long-term development goal that has gone down in history, proposing that developed economies and developing economies realize trade and investment liberalization in stages. What is this goal?

[Answer] "Bogor Target". Bogor is a city in Java Province, Indonesia. The Bogor Goals aim to establish that members of developed economies and members of developing economies will achieve trade and investment liberalization by 2010 and 2020 respectively. In 2020, the "Bogor Goals" have been announced. The trade costs and time of Asia-Pacific economies have dropped significantly, and the number of products enjoying zero-tariff treatment has increased significantly. The subsequently adopted "APEC Putrajaya Vision 2040" successively proposed to build an open, dynamic, strong and peaceful Asia-Pacific community by 2040.

[In-depth] In 2020, the "Bogor Goals" have been announced. The trade costs and time of Asia-Pacific economies have dropped significantly, and the number of products enjoying zero-tariff treatment has increased significantly. The subsequently adopted "APEC Putrajaya Vision 2040" successively proposed to build an open, dynamic, strong and peaceful Asia-Pacific community by 2040.

November 11-17

A daily test paper about APEC and Shenzhen

Let’s take the challenge together!