HO CHI MINH CITY, Vietnam, June 1 (Xinhua) -- Ministers responsible for trade
from the Asia-Pacific Economic Cooperation (APEC) met here Thursday morning
to show support for the World Trade Organization (WTO) and the Doha Development
Agenda, and seek measures to facilitate free and open trade and
investment in the Asia-Pacific region.
In a retreat meeting in southern Ho Chi Minh City, the ministers from the
21-member of APEC are scheduled to exhibit their political determination in
support the facilitation of Doha negotiations so that they would conclude by
late 2006 as targeted.
They are also to touch upon the establishment and development of regional trading
arrangements (RTA) and free trade agreements (FTA), and seek measures to well
implement the Busan Roadmap to the Bogor Goals.
On June 1, in a plenary session, the ministers will discuss three main
issues including trade and investment liberalization and facilitation, economic
and technical cooperation, and interaction with the business community.
The WTO has set target of making some progresses in the Doha multilateral trade
talks in June and July so that the negotiations could wrap up by the end of
this year.
At the 2nd seniors' official meeting in the city from May 30 to 31, APEC delegates
reached consensus on main points of a Hanoi action plan with specific measures
to realize Bogor goals, adopted by APEC leaders at their 1994 meeting in
Bogor, Indonesia, on freeand open trade and investment in the Asia-Pacific
region by 2010 for industrialized economies and 2020 for developing ones, Phung
said.
The Hanoi action plan, to be submitted to the two-day ministerial meeting from June 1 to 2 and then the APEC summit in November for approval, puts forth concrete measures to implement the Busan Roadmap, a step leading to the Bogor goals. APEC leaders in 2005 developed a blueprint in Busan, South Korea for improving trade and investment facilitation measures, regional travel, and seeking a satisfactory conclusion to the WTO Doha Development Agenda round of negotiations. Enditem