The Asia-Pacific Economic Cooperation (APEC) forum launched its 2007 Leaders
Week yesterday to discuss a wide range of issues focusing on climate change and
free trade.
The Leaders Week started with a two-day APEC Concluding Senior Officials
Meeting at the Sydney Convention and Exhibition Center. Officials from the 21
APEC members will make final preparations for the APEC Ministerial Meeting,
slated for Sept 5-6, and APEC Economic Leaders Meeting, for Sept 8-9.
The weeklong meetings will also include a Business Advisory Council meeting,
a business summit, and an ABAC dialogue with the economic leaders.
Under the theme of "Strengthening Our Community, Building a Sustainable
Future," the leaders, officials and representatives from APEC members will also
discuss issues such as energy security, human security, forestry recovery and
APEC reform.
At the end of the week, a declaration on climate change could be adopted at
the economic leaders meeting to show their determination to tackle the issue.
"The adoption of the declaration would demonstrate the determination and
positive attitude of the APEC members to address the challenge and raise public
awareness in an aim to boost the regional and international cooperation on the
issue," said Chinese assistant foreign minister Sui Tiankai at a recent press
conference in Beijing.
Australian Prime Minister John Howard said that he hoped to use the annual
meeting to create a new approach to tackling the issue of climate change.
"We should strive to find agreement on principles for international action
that genuinely address the problem," he said.
The prime minister said that he hoped APEC leaders would also go "beyond
agreement on principles" to set a " long-term aspirational goal" for reducing
greenhouse gas emissions.
As to the issue of trade, the economic leaders are expected to discuss ways
to break the current deadlock on the WTO'S Doha Round negotiations.
The APEC ministers responsible for trade, at their 13th meeting in
Australia's Cains in July, stated that APEC supports the multilateral trading
system and re-affirmed their commitment to a successful conclusion of the Doha
round negotiations this year.
It is expected that a statement on the issue will be adopted at the end of
the week.
On the sidelines of the APEC meetings, bilateral or multilateral talks will
be held among the leaders.
Since its inception in 1989 in response to the growing interdependence among
Asia-Pacific economies, APEC has become a formidable regional forum acting as
the primary regional vehicle for promoting open trade and practical economic and
technical cooperation in the Asia-Pacific region.
The gross domestic product (GDP) of the APEC region has increased three-fold
to 37.3 trillion U.S. dollars since 1989, Australian Minister for Trade Warren
Truss said in a Saturday report released on the eve of the APEC meetings.
In 1989, APEC economies had a per capita GDP of US$5,205 which was on par
with the world average. But in 2006, its per capita GDP reached almost
US$14,000, compared with US$10,305 for the world's average, Truss said.
The APEC economic growth has delivered benefits to almost 3 billion people in
the region, Truss said.
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. Australia is the chair of this
year.