Full text: The 22nd APEC Economic Leaders' Declaration (3)

21. We positively value the APEC High-level Roundtable on Green Development and its declaration, and agree to establish the APEC Cooperation Network on Green Supply Chain. We endorse the establishment of the first pilot center of APEC Cooperation Network on Green Supply Chain in Tianjin, China, and encourage other economics to establish the pilot centers and advance related work actively.

22. We endorse the APEC Customs 3M (Mutual Recognition of Control, Mutual Assistance of Enforcement and Mutual Sharing of Information) Strategic Framework. We instruct officials to further simplify and coordinate APEC customs procedures based on the 3M Framework to facilitate the development of regional trade. We encourage APEC members' customs authorities to continue strengthening cooperation and coordination in pursuit of the 3M vision, to push forward comprehensive connectivity and make greater contributions to the sustainable development of trade and regional economic integration in the Asia-Pacific region.

23. We recognize that the use of standardized codes will enable information about traded goods to be easily understood and shared by all parties. We therefore encourage APEC economies to work with the private sector to promote further cooperation on global data standards and their wider use by developing pilot projects.

24. We welcome the initiative on manufacturing related services in supply chains/value chains as a next generation trade and investment issue, and instruct officials to develop a plan of action in 2015.

Strengthening Economic and Technical Cooperation

25. We endorse the APEC Strategic Plan on Capacity Building to Promote Trade and Investment Agenda which adopts a strategic, goal-oriented and multi-year approach. We instruct officials to take the Strategic Plan as a guide to develop and implement more tailor-made capacity building programs that contribute to the core trade and investment liberalization and facilitation agenda of APEC.

26. We encourage economies, particularly developed economies, to provide more contributions to ECOTECH and capacity building, to achieve our goal of bridging development gaps, and help member economies to meet their APEC commitments and their economic growth objectives.

27. We welcome the initiative to upgrade the Asia Pacific Finance and Development Center (AFDC) to the Asia Pacific Finance and Development Institute (AFDI).

II. Promoting Innovative Development, Economic Reform and Growth

28. We realize that the prospects for the shared prosperity of APEC will depend on innovative development, economic reform and growth in the region, which are complementary and mutually reinforcing. We recognize that the Asia-Pacific region is at a crucial stage of economic transformation. We are committed to accelerating the pace of reform and innovation, and exploring new growth areas with the goal of bolstering the position of the Asia-Pacific as an engine for world economic growth. We agree to strengthen macroeconomic policy coordination with a view to forging policy synergy, and creating a sound policy environment for the robust, sustainable, balanced and inclusive economic growth in the region.

29. We endorse the APEC Accord on Innovative Development, Economic Reform and Growth (Annex C) which identifies Economic Reform, New Economy, Innovative Growth, Inclusive Support and Urbanization as the five pillars for promoting experience sharing, policy dialogue, capacity building and practical cooperation.

Economic Reform

30. To advance APEC's economic reform agenda, we agree to hold the 2nd Ministerial Meeting on Structural Reform in 2015. Recognizing that many APEC developing economies are facing the challenge of the Middle-Income Trap (MIT), we agree to incorporate the issue of overcoming the MIT into the work program of the APEC Economic Committee.