Failed WTO Talks on Agenda as APEC Forum Begins

Published: 21 October 2003 y., Tuesday
Leaders of APEC, the Asia-Pacific Economic Cooperation forum have begun two-days of meetings today in Thailand with efforts to revive the stalled World Trade Organization talks. But terrorism and security issues are drawing a great deal of attention - to the dismay of some delegates. Leaders of the 21-member APEC forum are studying a draft final communiqué identifying terrorism as a severe threat to stable economic growth. In the document, they pledge to take all essential actions to dismantle transnational terrorist groups - including greater sharing of intelligence, securing ports and blocking terror financing. However, some leaders have expressed concern that the focus on terror is drawing attention away from trade issues - particularly how to revive World Trade Organization talks which derailed last month in Mexico. At issue was the divide between rich and poor nations - particularly over protection for agricultural products. Malaysia's Prime Minister Mahathir Mohamad says developing nations need some protection to compete with large, multinational corporations that dominate the global economy. New Zealand's Prime Minister Helen Clark suggests the way to overcome the issue of free versus fair trade is to focus on points of agreement rather than points of dispute. APEC has no formal relationship with the WTO - charged with setting global trade rules. But APEC groups some of the biggest WTO members and accounts for more than half of the global economy.
Šaltinis: voanews.com
Copying, publishing, announcing any information from the News.lt portal without written permission of News.lt editorial office is prohibited.

Facebook Comments

New comment


Captcha

Associated articles

The most popular articles

Key Lithuanian Social Groups Sign Economic Pact with Government

The Government of Lithuania has reached a watershed agreement with the nation’s most important business, labour and social groups on policies and initiatives to overcome the current deep recession as swiftly as possible and put the economy back on track for euro adoption and stable growth. more »

EU Baltic Sea Strategy adopted

Yesterday, 26 October, the EU countries agreed to adopt a common strategy for the Baltic Sea region. more »

Dalia Grybauskaitė congratulated President of Turkmenistan on Independence Day

President Dalia Grybauskaitė extended congratulations to President Gurbanguly Berdymuhamedov of Turkmenistan on the occasion of Independence Day. more »

The President discussed the priorities of Lithuania’s chairmanship of the OSCE

President Dalia Grybauskaitė received OSCE Secretary General Marc Perrin de Brichambaut. more »

Improving foreign investment climate is essential for economic recovery

President Dalia Grybauskaitė received representatives of the European Business Network and foreign investors in Lithuania. more »

Prime Minister welcomes new US Ambassador

Prime Minister Andrius Kubilius has received a visit from the new Extraordinary and Plenipotentiary Ambassador of the United States to Lithuania Anne Elizabeth Derse. more »

Lithuania and Austria will continue to strengthen cooperation in the area of Consular Assistance

Today, on 21 October during the visit to Austria, Lithuania’s Minister of Foreign Affairs Vygaudas Ušackas met with Michael Spindelegger, Minister for European and Foreign Affairs of Austria. more »

Minister of National Defence visits the United Kingdom

October 19-20, Minister of National Defence Rasa Juknevičienė will pay a formal visit the UK by invitation of Defence Secretary Bob Ainsworth. more »

Cooperation between Lithuania and Azerbaijan was discussed in Baku

On 17 October in Baku, Lithuania’s Minister of Foreign Affairs Vygaudas Ušackas and Minister of Foreign Affairs of Azerbaijan Elmar Mammadyarov discussed bilateral cooperation... more »

Ms Irena Degutienė urges to take concrete steps for evaluating the Soviet and Nazi totalitarian regimes on the international level

Ms Irena Degutienė, Speaker of the Seimas of the Republic of Lithuania, participated in the International Conference Europe 70 years after the Molotov–Ribbentrop Pact held by the European Parliament. more »