World Video | Defence | Foreign Affairs | Natural Events | Trade | NZ in World News | NZ National News Video | NZ Regional News | Search


Call for APEC Leaders to Lead WTO Negotiations

Business Executives Call for APEC Leaders to Lead WTO Negotiations – Report Now Available

News Release Issued by the APEC Business Advisory Council (ABAC)

Ha Noi, Viet Nam, 9 October 2006 -- Senior Asia-Pacific business executives have called on APEC Member Economies to play a strong leadership role in restarting foundering World Trade Organization Doha Development Agenda trade talks.

In their 2006 report to Leaders, the APEC Business Advisory Council (ABAC) identified a series of priority topics which are vital to business interests and economic prosperity. ABAC Members will discuss these issues and call for action when they meet with APEC Leaders in Ha Noi, Viet Nam, in November.

In addition to reactivating the WTO negotiations, other business concerns include calming volatile energy markets, and promoting high-quality and transparent trade agreements. ABAC is also encouraging governments to strengthen measures designed to facilitate trade and investment and so make the Asia Pacific region an even friendlier place to do business.

The ABAC Chair, Mr. Hoang Van Dung, said, "We see this as a critical point in the recent historical march to liberalize trade and deliver greater prosperity by improving the business environment and expanding business opportunities."

"We call on APEC Leaders to take a personal interest in reviving WTO talks, and hope they will not limit their efforts to pressuring others but will also look at how APEC Economies can improve their own offers." Mr Dung said.

"While we are generally optimistic about the regional economy, we cannot be complacent or take for granted continued strong economic growth. Our regional economy faces looming challenges in the form of macroeconomic imbalances, volatile energy markets, possible health and security risks, and increasing volatility in financial markets."

Mr Dung added, "We are concerned that continued delay in concluding the Doha Round negotiations, and the lack of members’ commitment that this implies, could significantly increase the risks to our economies of other negative economic influences."

The ABAC recommendations provide a number of ideas from business relating to further improving the business environment, and helping to ensure continued strong economic growth in the region. The recommendations include: strengthening regulatory environments and the adoption of more comprehensive standards, improving transparency and fighting corruption, strengthening financial markets, supporting SME growth, strengthening intellectual property protection, and encouraging innovation.

After Mr Dung presented the ABAC Report to Vietnamese President, Nguyen Minh Triet, the full document is now available for download at:


© Scoop Media

World Headlines


UN: Bachelet Calls On Mexico To Step Up Efforts As Tragic Milestone Reached Of More Than 100,000 Disappearances

UN High Commissioner for Human Rights Michelle Bachelet on Tuesday called on the Mexican authorities to step up efforts to ensure truth and justice for victims of disappearances, who now number more than 100,000, according to official data... More>>

ADC: Statement On The Assassination Of Shireen Abu Akleh

Early this morning in Jenin, Occupied Palestine, revered Palestinian voice Shireen Abu Akleh, a Palestinian American journalist for Al Jazeera, was assassinated by Israeli Occupation Forces snipers...

Ukraine: UN Rights Office Probe Spotlights Harrowing Plight Of Civilians

Almost 76 days since Russia invaded Ukraine, countless civilians remain caught up in the horror and destruction of war, UN rights investigators said on Tuesday... More>>

Access Now: Elon Musk’s Twitter Buyout Must Not Come At The Expense Of Human Rights

Following today’s announcement that Elon Musk will acquire complete ownership of Twitter in a cash sale of around 44 billion USD, pending shareholder approval, Access Now urges Twitter’s Board, employees, and shareholders... More>>

UN: Biodiversity And Ecosystem Protection Highlighted On Mother Earth Day

Marking International Mother Earth Day, UN General Assembly President Abdulla Shahid urged on Friday, for collective action to safeguard biodiversity and protect ecosystems... More>>

Ukraine: Hundreds More Reach Safety After Fleeing Besieged Mariupol
In Ukraine, humanitarians said on Wednesday that hundreds of people have managed to reach safety after fleeing Mariupol, where there’s also been condemnation for the killing of Lithuanian filmmaker Mantas Kvedaravicius... More>>