Trade, foreign ministers and representatives from the 21 Asia-Pacific
Economic Cooperation (APEC) member economies wrapped up their two-day
gathering in Hanoi today, agreeing to continue the support for WTO
negotiations and facilitate trade in the region.
"The ministerial meeting has concluded successfully," Vietnam's Deputy Prime
Minister and Foreign Minister Pham Gia Khiem told a press conference after the
meeting.
Khiem said the delegates spent a lot of time discussing the need to resume
the stalled Doha round of World Trade Organization (WTO) negotiations, and
endorsed the Hanoi Action Plan to implement the Busan roadmap for realization of
the 1994 Bogor goals of free and open trade and investment in the region.
The meeting also devoted a lot of time to discussing the reform of APEC to
make it more dynamic and efficient, he said.
Documents endorsed by the ministers and representatives will be submitted to
the APEC economic leaders for approval during their meeting on Nov. 18-19.
Sharing the view that the support for the WTO negotiations continues to be
APEC's top priority, the delegates after discussions agreed on the draft of a
stand-alone statement on the Doha round, which they will propose to the economic
leaders to issue.
Anti-corruption and human security, including anti-terrorism and health
security, were also discussed during the meeting, according to a joint statement
issued afterward.
Founded in 1989, APEC is a major regional forum acting as the primary
regional vehicle for promoting open trade and practical economic and technical
cooperation in the Asia-Pacific region.
It represents the most economically dynamic region in the world, with its 21
member economies accounting for more than one third of the world's population,
approximately 60 percent of world GDP, about 47 percent of world
trade.