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Posts Tagged ‘APEC’

APEC looks forwards to sustainable development

In Uncategorized on November 16, 2010 at 1:55 am

APEC leaders commit to strengthen economic co-operation

In Uncategorized on November 16, 2010 at 1:55 am

Protesters vent anger against China at Japan APEC venue

In Uncategorized on November 14, 2010 at 9:54 am

APEC leaders pledge to make free-trade dream real

In Uncategorized on November 14, 2010 at 9:24 am

State President Nguyen Minh Triet attends APEC 18

In Uncategorized on November 11, 2010 at 1:55 pm

APEC meetings open with talk of Pacific Rim FTA

In Uncategorized on November 7, 2010 at 9:20 am

APEC looks to rein in imbalances, safeguard growth

In Uncategorized on November 6, 2010 at 7:20 am

APEC meeting vows to seek higher-quality economic growth

In Uncategorized on August 8, 2010 at 11:21 am

 Asian and Pacific countries agreed Sunday to improve the “quality” of their growth and help put the global economy back on track from its crisis.

Beppu City

The accord was reached at a meeting of ministerial-level officials as well as industrial and academic leaders from the 21 countries of the Asia-Pacific Economic Cooperation (APEC) forum.


International institutions including the Asian Development Bank and the World Bank were also represented at the two-day meeting, which ended Sunday in the Japanese resort of Beppu.


It was aimed at paving the ground for APEC leaders to work out an unprecedented “growth strategy” for the region at the forum’s annual summit in November in the Japanese port city of Yokohama.


“As the world’s leading growth centre, the APEC region has a great responsibility for the future course of the global economy,” said a statement from the co-chairmen of the meeting.


“APEC should contribute to improving the quality of growth in the global economy as well through its growth strategy, as envisaged by the APEC economic leaders last year,” said the statement posted APEC’s official website.


APEC leaders agreed at last year’s summit in Singapore to formulate the strategy in 2010 to “shape the region’s growth following the financial and economic crisis,” said the statement.


APEC was launched in 1989 to promote trade and strengthen economic cooperation in the Asia-Pacific region, which now accounts for more than half the world’s economic output and 40 percent of its population.


The grouping includes Australia, China, Japan, Peru, Russia, South Korea, Taiwan, the United States, and seven members of the Association of Southeast Asian Nations.


“Countries in the region are exploring ways to shift their emphasis on economic development from exports to domestic demand,” Japanese trade minister Masayuki Naoshima told a news conference after co-chairing the meeting.


“Japan wants to cooperate in economic development by backing infrastructure projects,” said Naoshima. The other co-chairman was Satoshi Arai, the Japanese minister of state for economic and fiscal policy.


The meeting confirmed that APEC aims to achieve economic growth that is “balanced, inclusive, sustainable, innovative and secure,” the statement said.


Balanced growth should be led by “structural reforms” while inclusive growth features job creation — especially for women — human resources development and better access to finance, it added.


Energy efficiency will be the core of sustainable growth while innovative growth will be driven by an improvement in the research and development environment, the statement said.


The members of APEC can contribute to secure growth by working together in such areas as counter-terrorism, prevention of pandemic diseases and food security, the statement added.


 

Source: SGGP

Seminar paves way for exports to APEC, Africa

In Uncategorized on May 29, 2010 at 5:19 pm




Seminar paves way for exports to APEC, Africa


QĐND – Saturday, May 29, 2010, 20:50 (GMT+7)

A workshop on opportunities for exports to APEC and African markets via e-commerce was held in Hanoi on May 28 by the Alibaba.com group in collaboration with the Vietnam Chamber of Commerce and Industry and the OSB company.


Brian Wong, senior director of global sales of Alibaba.com said Vietnam’s small-and medium-sized enterprises should use e-commerce to promote their export capacity.

The country is capable of exporting high-quality products and e-commerce is a good way for companies to expand their customer and supplier networks, improving their competitiveness in the global trade environment, he added.

David Tan, senior manager of global sales of Alibaba.com, stressed the opportunities for Vietnamese businesses to tap APEC and African markets, saying they can find data on top buyers in each category or each region, particularly APEC and Africa, on Alibaba.com.

The number of Vietnamese joining the membership of Alibaba.com rose 38 percent over the past year.

Alibaba.com has provided the Gold Supplier service pack to domestic businesses and set up office in Ho Chi Minh City in cooperation with the OSB company, helping improve customer service.

The number of members of Alibaba.com worldwide had by March 2010 reached 12.5 million.


Source: VNA


Source: QDND

APEC leaders vow new economic model after crisis

In World on November 15, 2009 at 2:35 pm

SINGAPORE, Nov 15, 2009 (AFP) – Asia-Pacific leaders including the US and Chinese presidents Sunday vowed to remake the world economy after the worst financial crisis in decades, rejecting protectionism and old models of growth.


Asia-Pacific Economic Cooperation (APEC) forum leaders, who together steer more than half the global economy, also said they would persist with hefty stimulus spending “until a durable economic recovery has clearly taken hold”.


US President Barack Obama pressed Asian leaders at the weekend summit in Singapore to retool their export-led economies and rebalance world growth, or risk a “drift from crisis to crisis”.








A general view shows leaders including US President Barack Obama (C) attending the ASEAN-US leaders meeting at a hotel in Singapore November 15, 2009, on the sidelines of the Asia Pacific Economic Cooperation Summit. (AFP photo)

But Obama was subject to much criticism in Singapore over his perceived neglect of free trade, with Congress and powerful Democratic barons in the trade union movement clamouring to protect US industry as joblessness soars.


In a concluding declaration, the leaders said: “We firmly reject all forms of protectionism and reaffirm our commitment to keep markets open and refrain from raising new barriers to investment or to trade in goods and services.”


“We cannot go back to ‘growth as usual’,” they added. “We need a new growth paradigm. We need a fresh model of economic integration.


“We will pursue growth which is balanced, inclusive and sustainable, supported by innovation and a knowledge-based economy, to ensure a durable recovery that will create jobs and benefit our people.”


The summit’s chairman, Singapore Prime Minister Lee Hsien Loong, explained that “sustainable” growth meant working for an “ambitious outcome” at Copenhagen climate talks next month.


But a hastily convened climate discussion in Singapore among key leaders — including Obama and Chinese President Hu Jintao, representing the world’s two biggest emitters of greenhouse gases — failed to yield any breakthrough.


If thin on specifics, the APEC declaration was a nod to Obama’s demand that US consumers must no longer bear the brunt of stoking world demand, and that Asians must start to spend and not hoard their export earnings.


The president noted that voracious US consumerism had for decades fuelled the growth of regional economies. But when crisis struck last year, the “demand for Asian goods plummeted” and the global recession deepened.


“We cannot follow the same policies that led to such imbalanced growth,” Obama said in summit remarks released by the White House, highlighting the sky-high deficits run up by the United States during the boom years.


“If we do, we will continue to drift from crisis to crisis, a failed path that has already had devastating consequences for our citizens, our businesses, and our governments,” he said.


In one development welcomed by APEC allies, Obama said the United States was interested in exploiting a four-country Pacific trade pact as the nucleus for a massive free-trade zone covering the entire group’s 2.6 billion people.


The APEC leaders instructed their officials to start exploratory work on the so-called Free Trade Area of the Asia Pacific, although analysts warn that the giant undertaking is years if not decades from fruition.


More immediately, the heads of government pledged to try to conclude the World Trade Organization’s stalled Doha round of negotiations next year.


At the Singapore meetings, President Hu played up China’s role in shoring up world growth after the crisis engulfed the United States, and vowed to “vigorously expand” its domestic market.


However, criticism that China keeps an artificial lid on its currency to gain an unfair trade edge flared anew at APEC. Obama is expected to press Hu on the exchange-rate row when the two leaders meet in Beijing next week.


Source: SGGP Bookmark & Share