The leaders from 21 member economies of the Asia-Pacific Economic
Cooperation (APEC) will issue a statement calling for the resumption of the
stalled Doha Round of trade talks when they meet here later this week, a senior
Vietnamese official said here Monday.
"The leaders will give top priority to the issue of Doha
Round talks and will issue a standalone statement calling for restarting the
talks," said Vietnamese Vice Minister Le Cong Phung, also chairman of the APEC
Senior Officials Meeting (SOM).
He made the remarks when briefing the results of the just concluded two-day
SOM meeting to finalize the agenda for the ministerial meeting and leaders
meeting to be held on Nov. 15-16 and Nov. 18-19, respectively, in the Vietnamese
capital.
All in the meeting agreed that the leaders would issue a standalone statement
together with specific measures and suggestions on resuming the Doha Round, also
dubbed the Doha Development Agenda (DDA), he said.
"This will be the last chance for APEC to save DDA from deadlock," he said,
hoping that the APEC economic leaders meeting will facilitate the conclusion of
DDA by 2007.
The Doha Round has been touted since 2001 as a way to boost the world economy
and fight poverty, but it collapsed in July amid bitter disagreements over
subsidies and tariffs for farm goods.
APEC currently has 21 members: Australia, Brunei, Canada, Chile, China,
China's Hong Kong, Chinese Taipei, Indonesia, Japan, Malaysia, Mexico, New
Zealand, Papua New Guinea, Peru, the Philippines, Russia, Singapore, South
Korea, Thailand, the United States and Vietnam. The chairmanship rotates among
its members, with Vietnam holding the chair this year.