reaffirm our commitment to reduce applied tariffs to five percent or less by the end of 2015 on the list of environmental goods that we endorsed in 2012 in Vladivostok. We call upon all economies to redouble their efforts in order to realize the economic and environmental benefits. We will instruct officials to report progress in achieving this ground-breaking commitment at our meeting next year in the Philippines. We welcome the work on capacity building on Environmental Goods (EGs) commitment implementation;

-- welcome the inaugural meeting of the APEC Public Private Partnership on Environmental Goods and Services (PPEGS) on renewable and clean energy trade and investment, and endorse the APEC Statement on Promoting Renewable and Clean Energy (RCE) Trade and Investment;

-- welcome the progress on exploring products which could contribute to sustainable and inclusive growth as part of our concrete commitment to rural development and poverty alleviation;

-- endorse the Action Agenda on Promoting Infrastructure Investment through Public-Private Partnership (PPP) and instruct officials to take concrete actions to strengthen cooperation on PPP to promote more robust and sustainable infrastructure investment and development in the APEC region;

-- welcome the Case Studies on Sustainable Investment in the APEC Region and encourage officials to consider and draw experience and good practices from the nominated cases to promote sustainable cross-border investment;

-- endorse the APEC Cross Border E-Commerce Innovation and Development Initiative and encourage economies to designate or establish Research Centers of Cross-border E-commerce Innovation and Development on a voluntary basis;

-- recognize that the effective protection and enforcement of IPR including trade secrets incentivizes and facilitates innovation and foreign direct investment and the dissemination of technology through licensing and partnerships;

-- endorse the APEC Action Agenda on Advertising Standards and Practice Development to promote alignment of advertising standards and reduce the cost of doing business across the region;

-- endorse the Asia-Pacific Region Automotive Industry Sustainable Development Declaration and welcome the outcomes of the 2014 APEC Regulatory Cooperation Advancement Mechanism (ARCAM) Dialogue on Electric Vehicle Standards. We welcome the APEC Actions to Promote the Widespread Usage of Electric Vehicles.