News

Asia Region Funds Passport – Joint Committee Meeting 20-21 April 2017

The Asia Region Funds Passport (“Passport”) Joint Committee (JC) held its second face to face meeting in Tokyo, Japan on 20-21 April 2017. The JC was established under the Memorandum of Cooperation for the Passport. An important role of the JC is to oversee the effective implementation of the Passport by the end of 2017. The second Read More

Asia Region Funds Passport – Joint Committee Meeting 23-24 November 2016

The Asia Region Funds Passport (“Passport”) Joint Committee (JC) launched its first face to face meeting in Kuala Lumpur, Malaysia on 23-24 November 2016. The JC has been established under Paragraph 6 of the Memorandum of Cooperation for the purpose of overseeing the effective implementation and operation of the Passport Arrangements. The first meeting was Read More

Asia Region Funds Passport’s Memorandum of Co-operation Comes Into Effect

The Memorandum of Co-operation (MoC) on the establishment and implementation of the Asia Region Funds Passport (ARFP) comes into effect today. Representatives from Australia, Japan, Korea, New Zealand and Thailand have signed the MoC. These five economies have up to 18 months from today to work to implement domestic arrangements under the MoC. Activation of Read More

Asia Region Funds Passport Memorandum of Cooperation

On 28 April 2016, representatives from Australia, Japan, Korea and New Zealand signed the Asia Region Funds Passport’s Memorandum of Cooperation (MoC). Signing of the MoC is an outcome of more than six years international negotiation on the passport arrangements. Australia, Japan, Korea, New Zealand, the Philippines, Singapore and Thailand have contributed expertise to developing Read More

Signing of the Statement of Understanding

On 11 September 2015, Finance Ministers from Australia, Japan, Korea, New Zealand, the Philippines and Thailand signed a Statement of Understanding at the APEC Finance Ministers’ Meeting in Cebu, the Philippines on the Asia Region Funds Passport. The statement signals the commitment of these economies to join the Passport ahead of its commencement in 2016. Read More

Release of the Asia Region Funds Passport rules and operational arrangements

On 27 February 2015, the governments of the Passport working group released the draft Passport rules and operational arrangements to seek views from the public. For further information please visit http://fundspassport.apec.org/consultation-on-rules/.

Release of the Asia Region Funds Passport consultation paper

On 16 April 2014, the governments of the passport working group released a consultation paper to seek views from the public on the details of the proposed arrangements. Interested parties are invited to make a submission on the consultation paper. For further information please visit www.fundspassport.apec.org/consultation-paper.

Signing of the Statement of Intent

On 20 September 2013, finance ministers from Australia, New Zealand, Republic of Korea,and Singapore signed a Statement of Intent in Nusa Dua, Bali, Indonesia on the Asia Region Funds Passport.  The statement outlines an undertaking by signatories to publicly consult on detailed passport arrangements and sets out a process to see the passport implemented by 2016. Read More