Structural reform is the oil that makes the engine of the economy run efficiently. It removes barriers to economic participation, encourages competition, and improves institutions among others. The Renewed APEC Agenda for Structural Reform (RAASR) was set forth by APEC’s Structural Reform Ministers in 2015 to consolidate and streamline APEC’s structural reform work and build on progress as well as lessons learnt under LAISR and ANSSR. This RAASR mid-term review report was prepared by the PSU to assess how much progress has been attained by economies in their structural reform efforts, and identify gaps where economies may focus their attention. It comprises of two main parts: a review of APEC-wide progress using agreed external indicators, and a review of progress by individual economies.