The automotive industry is a vital sector of the U.S. economy and global trade. In recent years, trade in automotive goods have accounted for approximately ten percent of global merchandise trade.
The Asia Pacific Economic Cooperation (APEC) Automotive Dialogue (AD) serves as a forum for APEC member economy officials and senior industry representatives to work together to map out strategies for increasing the integration and development of the automotive sector within the region.
The goals of the AD are to engage participants in cooperative efforts to foster the growth and development of the regional auto industry and to provide recommendations for action to APEC Trade Ministers.
The AD was also established in recognition of the crosscutting nature of the automotive industry and the broad benefits to many economies of trade liberalization and facilitation in this sector.
AD participants discuss the current status of the automotive sector in the Asia-Pacific region, identify barriers to growth, and develop effective cooperation mechanisms for APEC economies to address and reduce these impediments. The AD first met in 1999 in Indonesia and has continued to meet every year since then.
APEC public-private sector dialogues are seen as a way of improving mutual understanding, aiding policy development and enhancing the competitiveness of the sectors concerned.
APEC Member economies that have participated in the AD include: Australia, Canada, China, Indonesia, Japan, Korea, Malaysia, Mexico, the Philippines, Chinese Taipei, Thailand, Viet Nam and the United States.