Chat with us, powered by LiveChat Chapter Presentation Review Outline Assignment 1) Create a chapter outline formatted in APA style. 2) Post the outline?to?this assignment area. Chapter15DOINGBUS | WriteDen

Chapter Presentation Review Outline Assignment 1) Create a chapter outline formatted in APA style. 2) Post the outline?to?this assignment area. Chapter15DOINGBUS

 

  1. Chapter Presentation Review Outline Assignment
    1) Create a chapter outline formatted in APA style.
    2) Post the outline to this assignment area.

DOING BUSINESS IN THE ASIAN PACIFIC BASIN

The largest trading region in the world

Questions to answer

What does the acronym, “APEC”, stand for? What is the mission of APEC?

What is the EAEC and who’s idea was it?

What is JETRO?

Background

Largest trading region in the world

Asia covers over 17 million miles

Population of over 3 billion people

Fastest-growing region of the world BUT also the most widely dispersed

What is APEC

The Asia-Pacific Economic Cooperation (APEC)

Established in 1989 to leverage the growing interdependence of the Asia-Pacific

GOAL: To support sustainable economic growth and prosperity in the Asian pacific region

Member Economies

Australia 6-7 Nov 1989

Brunei Darussalam 6-7 Nov 1989

Canada 6-7 Nov 1989

Chile 11-12 Nov 1994

People's Republic of China 12-14 Nov 1991

Hong Kong, China 12-14 Nov 1991

Indonesia 6-7 Nov 1989

Japan 6-7 Nov 1989

Republic of Korea 6-7 Nov 1989

Malaysia 6-7 Nov 1989

Mexico 17-19 Nov 1993

New Zealand 6-7 Nov 1989

Papua New Guinea 17-19 Nov 1993

Peru 14-15 Nov 1998

The Philippines 6-7 Nov 1989

Russia 14-15 Nov 1998

Singapore 6-7 Nov 1989

Chinese Taipei 12-14 Nov 1991

Thailand 6-7 Nov 1989

The United States 6-7 Nov 1989

Vietnam 14-15 Nov 1998

APEC continued…

Its 21 member economies are home to around 2.8 billion people and represent approximately 57 per cent of world GDP and 47 per cent of world trade in 2012.

EAEC

The Eastern Asian Economic Caucus was a suggested regional free trade zone proposed in 1990 by former Prime Minister DR. Mahathir Bin Mohamad

His vision was to remove the influence of the US and Australia from the regional framework of economic trade

He wanted to establish an institution that would replace APEC

HE FAILED…WHY?

He had anti-western views during a time when western influence benefited most Asian nations

Nations of the Asian Pacific Basin and their statistics

Country Population(Millions) National Income($ in billions) National per capita income($)
Australia 20.3 640.1 31,900
Brunei 0.4 6.8 23,600
Cambodia 13.9 36.8 2,600
Indonesia 245.5 935 3,800
Japan 127.5 4,018 31,500
Laos 6.3 13.4 2,100
Malaysia 24.4 290.2 12,100
New Zealand 4.0 101.8 25,200
Papua New Guinea 4.7 11.1 2,400
Philippines 89.5 451.3 5,100
Singapore 4.5 136.6 30,900
North Korea 23.1 40 1,700
South Korea 48.8 965.3 20,400
Thailand 64.6 560.7 8,300
Vietnam 84.4 258.6 3,100
TOTAL 755.6 8,465.7 Average 13,646.6

Japan in the trade game

Second most technologically powerful economy

Third largest economy in the world measured on purchasing power parity basis

Manufacturers, suppliers, and distributors work together in closely knit groups called KEIRETSU

Average Japanese tariff: about 3.4% Some items tariffs and quotas are quite trade restrictive. Duties are assessed on the cost, insurance and freight value of the goods or transaction concerned or specific rates, and in few instances are charged on a combination of both.

Marketing in Japan

The key to marketing success in Japan is:

Commitment

Persistence

Highest quality goods

Excellent after-sales service

May do well in Japanese market

Japan External Trade Organization(JETRO)

Is a nonprofit, government supported organization dedicated to promoting mutually beneficial trade between businesses of other nations

Services are generally free of charge and should be the first stop for any firm interested in dealing with Japan

Headquarters in Tokyo

30 offices in Japan

77 overseas offices in 57 countries

https://www.jetro.go.jp/en/jetro/

Message from Prime Minister Abe on Japan's attractiveness as an investment destination (2:16) https://youtu.be/YWwyMoHtHQA

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