Dodwell's blog 6 on SOM3 in Cebu

September 04, 2015


Fri Sep 4 2015
 
APEC Cebu
One of APEC’s most valuable – but largely unnoticed – achievements over the past five years is the STAR Database – but if you are in services, and have an interest in expanding into new markets, it is of huge value.
 
Developed first by APEC Australia in 2010, the database is a user-friendly one-stop-shop that tells a services provider what policies and regulations will affect you trying to enter any one of the 21 APEC economies.
 
Today it covers eight services sectors – financial services, mining and energy services, professional services, telecoms services, transport and logistics services, education services, distribution services and computer and related technology services. Plans are in place to add environmental services.
 
If you are keen to trade your services in other APEC markets, there can be no more valuable resource. Try visiting the site at www.servicestradeforum.org to discover just how easy it is to use.
 
But the STAR database faces challenges. It is largely unnoticed and unused and need much more aggressive marketing. So the Australian government is looking at improved communications – presentation and seminar materials, brochures and the like – that services and business organizations across the region can use for their members. They are looking to ABAC members across the region to act as champions.
 
The Australians are also looking for secure long term funding. So far, they have picked up the $75,000 tab for building, updating and servicing the website, but this funding ends in the middle of 2016. So the hunt is on for future funding.
 
One thought – maybe it could be “adopted” by the new APEC Coalition on Services, which will hopefully be created in Cebu next Monday. And there may be value of linking it into the newly-formed APEC Virtual Knowledge Centre on Services, currently being proposed by APEC Philippines. Any thoughts?
 
Flowers at Radisson
 
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