APEC members commit to boosting service sector competitiveness for economic growth.
The APEC members are working towards making trade in services easier in the Asia-Pacific region. They compared how committed countries are to this goal in different sectors. The study found that some sectors are more open to trade than others, and that the ASEAN Framework Agreement has the highest level of commitment. They also discovered that countries have similar patterns of commitment in the service sector, suggesting that working together can help overcome challenges and improve competitiveness.