A more objective and transparent Peer Review process, essentially consultations between APEC member economies to continually improve Individual Action Plans (IAPs), was introduced in 2002. New elements such as, formal review teams for peer review exercises, experts conducting independent in-country research and analysis and the involvement of the independent private sector body, APEC Business Advisory Council (ABAC), were introduced into the process that was first introduced in 1997.

Attached below are the reports on those economies who conducted their Peer Reviews under this revitalized system.
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Economy