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Topic: |
Business
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Number of pages / Number of words: |
5 / 1230 |
Essay's paper body
This reduces the tariffs that are emplaced on imported goods and eventually will become non-existent. By reducing these tariffs and eliminating them, the trade market will open up and increase trading among different countries and increase economic growth for the APEC members.
The second pillar is Business Facilitation which "focuses on reducing the costs of business transactions, improving access to trade information and aligning policy and business strategies to facilitate growth, and free and open trade," (APEC, 2007)...
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This pillar is designed to help the importation and exportation industry in the APEC region to increase facilitation efficiency and reduce the costs of production. Again, this will increase trading among the members leading to cheaper goods and services and increasing career opportunities created by an expanded economy...
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