Strenghtening Economic Legal Infrastructure in APEC

Supporting Trade, Investment and Economic Development

October 2002

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This report highlights the importance of strengthening economic legal infrastructure, as part of a good mix of open market policies, in order to achieve social objectives and sustained economic growth. Strengthening economic legal infrastructure, including establishing good governance practices, involves improving laws and building the capacity of institutions and individuals to implement, apply and enforce those laws.

The report is designed to provide a platform for future deliberations on strengthening economic legal infrastructure within the Asia-Pacific Economic Cooperation (APEC) forum to help progress its work in this area. Also, it suggests ways in which improving governance can enhance individual members economic legal infrastructure, taking account of efforts to date, including through the APEC Finance Ministers Process and other international forums.

This report was commissioned by the Australian Department of Foreign Affairs and Trade (DFAT) for presentation at the APEC Ministerial Meeting in Los Cabos, Mexico on 23-24 October 2002. It was prepared by the APEC and Regional Trade Policy Branch of DFAT and Allens Arthur Robinson, in particular Bruce Johnston, Jonathan Morley, Arnold Jorge and Melissa ORourke. We thank colleagues from the Treasury Department, the Attorney-Generals Department and the International Legal Services Advisory Council for their valuable input and guidance.

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