Following the conclusion of APEC’s Second Trade Facilitation Action Plan (TFAP II), the APEC Policy Support Unit (PSU) conducted the Final Assessment of TFAP II for the Committee on Trade and Investment (CTI). This report consolidates and summarizes the findings from six component reports: an aggregate measurement of total trade transaction costs as well as the contributions made by the APEC sub-fora in four priority areas – Customs Procedures, Standards and Conformance, Business Mobility, and Electronic Commerce (data privacy and paperless trading). The results of the TFAP II Final Assessment provide strong evidence that the Leaders’ goal of a 5% reduction in trade transaction costs over the TFAP II period of 2007 through 2010 has been achieved, with substantial progress made through APEC’s trade facilitation efforts at both the aggregate and sub-fora levels.