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The following article was published in our article directory on November 12, 2010.
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APEC and G20 Full Understanding

Article Category: Business

Author Name: xia zihui

The two-day APEC Trade and Foreign Ministers Meeting 11 in the port city of Yokohama, Japan, the closing, a statement issued at the meeting said they would continue to promote the integration of the Asia Pacific region to jointly implement a new strategy of economic growth, and to oppose trade protectionism consensus for the upcoming opening of this weekend's APEC informal leadership meeting of coordinate positions. "Integration" occupied most of the headlines, but is closely related to exchange rate and trade in the next rounds of meetings may be mentioned.

Officials and representatives of the participants specifically the World Trade Organization's Doha Round negotiations and oppose trade protectionism, issued a separate statement. Statement said, will propose at the weekend summit, leaders committed to three years to avoid the introduction of new goods and services, investment, or trade barriers, and to take specific measures to resume the Doha negotiations, in order to promote sustained global economic recovery.

The statement also said that during the two-day meeting, participants discussed the officials and representatives of the economic situation in Asia-Pacific region, APEC year assessment of the progress of the work, and discussed the future of APEC and other issues forward.

The statement said that the participants support the APEC senior officials and representatives will have five developed members and developing members to achieve 8 "Bogor Goals" situation assessment report, will further promote the Asia-Pacific regional economic integration toward the establishment of the Asia-Pacific free trade zone the ultimate goal. "Bogor Goals" was first held in 1994, the APEC summit in Bogor, Indonesia raised. The objectives and requirements of developed members by 2010, developing members by 2020 trade and investment liberalization.

2010 APEC Leaders Meeting weekly in 7 to 14 held in Yokohama, Japan, the meeting's theme is "change and action." One of the main event is held from 13 to 14, the APEC informal leadership meeting. One of the priorities discussed at the meeting, will be the Asia-Pacific Free Trade Area. Closing of the 11th ministerial meeting, the ministers said that countries will be among the 43 bilateral and small on the basis of free trade agreements, establishing a free trade zone in the Asia Pacific region.

Referring to the APEC informal leadership meeting, "free trade zone" in the highest frequency of occurrence, but in fact the exchange rate is more eye-catching, and with almost the same period of the G20 meeting echoed the question.

Pacific Economic Cooperation Council 10 released annual report that the Organization survey found that, from the Asia Pacific region's political, economic and academic circles that the exchange rate issue is not the key to sustainable growth, instead they think that is essential to strengthen international financial regulation .

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