International events: APEC Business Advisory Council Meeting in Vladivostok

The APEC Business Advisory Council will meet in Vladivostok on September 3-6 as part of Russia's tenure as APEC chair.

The meeting will be held as part of APEC-2012 Leaders Week and will close the Business Advisory Council's series of 2012 meetings. The discussion will focus on the adoption of the final revised version of the report to be submitted to APEC economic leaders. The report will contain recommendations on resolving priority tasks and improving the business and investment climate in the Asia-Pacific Region.

Initiatives regarding the establishment of a partnership for policies governing technology transfers and liberalization of trade and investment are expected to be included in the report. These initiatives seek to establish an APEC free trade zone and introduce new approaches to improve food and energy security and establish reliable transportation and supply chains.

The report will include recommendations on sustainable economic development, public-private partnership as a means of addressing transportation and supply issues, developing internationally accepted environmental standards for urban construction, and the road map for developing regional infrastructure.