News
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