APEC Principles On Transparency Standards

APEC principles on transparency standards in Global Commerce Policy

In this regard, apec principles on transparency standards is: formal name Leaders ™ Statement to Implement APEC Transparency Standards, adopted on 27 October 2002. The Statement commits APEC economies to the following principles on transparency in trade and investment liberalization and facilitation: (1) each economy will ensure that its laws, regulations, procedures and administrative rulings of general application will be published promptly either through official journals or the Internet, (2) each economy will publish relevant information in advance and give interested persons a reasonable opportunity to comment on them, (3) economies will endeavour to provide responses promptly to questions on its laws and regulations, (4) persons of another economy directly affected by administrative proceedings should be notified and given an opportunity to present facts and arguments concerning their positions, (5) each economy to ensure that domestic procedures are in place to enable prompt review and correction of final administrative matters, other than those taken for sensitive prudential reasons, and (6) administrative rulings of general application  are defined as administrative rulings or interpretations that apply to all persons and situations that fall generally within their ambit and that establish a norm of conduct. Confidential information is exempt from action under the Statement.[1]

APEC principles on transparency standardsin the wold Encyclopedia

For an introductory overview on international trade policy, see this entry.

Resources

Notes and References

1. Dictionary of Trade Policy, “APEC principles on transparency standards” entry (OAS)

See Also