ID :
40677
Wed, 01/14/2009 - 16:19
Auther :
Shortlink :
https://oananews.org//node/40677
The shortlink copeid
APEC 2009 TO ADDRESS GLOBAL ECONOMY CRISIS
SINGAPORE, Jan 14 (Bernama) -- Singapore, the chairman of the Asia-Pacific Economic Cooperation (APEC) meeting this year, will focus on addressing the global economic crisis and accelerating regional economic integration among its members.
The APEC meeting will be held from Nov 12-14 and the Republic Wednesday
unveiled
the theme for it, "Sustaining Growth, Connecting the Region".
Singapore's Trade and Industry Ministry said the theme reflected the
continuing efforts of APEC to facilitate trade and investment in the
Asia-Pacific region, which had gained even greater importance in the face of a
challenging global economic environment.
Singapore will discuss with other APEC members, the measures to support
economic growth, address the global economic crisis, accelerate regional
economic integration and resist protectionism, the Ministry said.
For the first time, Singapore will bring together APEC's senior trade and
finance officials next month and in July to discuss fiscal and monetary measures
to help businesses and workers tide over the economic crisis,it added.
Previously, the senior officials had separate meetings on their respective
trade and finance agenda.
The Ministry said Singapore would also work with other APEC member economies
to accelerate regional economic integration at the border, behind the border
and across the border.
It said APEC would intensify work to reduce trade and investment barriers at
the border and this includes putting in place building blocks for a possible
Free Trade Area of the Asia-Pacific (FTAAP), such as streamlining the rules of
origins of existing free trade agreements to reduce business compliance costs
and increase utilisation rates.
APEC will also improve the ease of doing business by simplifying business
regulations behind the border to make it easier, faster and cheaper to start a
business, get licences, trade across borders and carry out other business
functions.
APEC is also looking at improving logistics and transport networks to
enhance physical connectivity across the border, to further reduce the time,
cost and uncertainty in moving goods along the entire supply chain.
The Ministry said APEC would also give priority to providing impetus for the
successful conclusion of the World Trade Organisation (WTO) Doha Round of trade
talks.
It said securing a global deal would not only help deliver new trade flows
but also provide a firewall against protectionist pressures by locking in
levels of access for trade and investment flows.
Singapore also launched a special logo to commemorate its hosting of APEC
this year.
The logo depicts the 21 APEC economies coming together to convene at a
single point, working towards unity, cooperation and synergy among member
economies to advance common interests.
-- BERNAMA
The APEC meeting will be held from Nov 12-14 and the Republic Wednesday
unveiled
the theme for it, "Sustaining Growth, Connecting the Region".
Singapore's Trade and Industry Ministry said the theme reflected the
continuing efforts of APEC to facilitate trade and investment in the
Asia-Pacific region, which had gained even greater importance in the face of a
challenging global economic environment.
Singapore will discuss with other APEC members, the measures to support
economic growth, address the global economic crisis, accelerate regional
economic integration and resist protectionism, the Ministry said.
For the first time, Singapore will bring together APEC's senior trade and
finance officials next month and in July to discuss fiscal and monetary measures
to help businesses and workers tide over the economic crisis,it added.
Previously, the senior officials had separate meetings on their respective
trade and finance agenda.
The Ministry said Singapore would also work with other APEC member economies
to accelerate regional economic integration at the border, behind the border
and across the border.
It said APEC would intensify work to reduce trade and investment barriers at
the border and this includes putting in place building blocks for a possible
Free Trade Area of the Asia-Pacific (FTAAP), such as streamlining the rules of
origins of existing free trade agreements to reduce business compliance costs
and increase utilisation rates.
APEC will also improve the ease of doing business by simplifying business
regulations behind the border to make it easier, faster and cheaper to start a
business, get licences, trade across borders and carry out other business
functions.
APEC is also looking at improving logistics and transport networks to
enhance physical connectivity across the border, to further reduce the time,
cost and uncertainty in moving goods along the entire supply chain.
The Ministry said APEC would also give priority to providing impetus for the
successful conclusion of the World Trade Organisation (WTO) Doha Round of trade
talks.
It said securing a global deal would not only help deliver new trade flows
but also provide a firewall against protectionist pressures by locking in
levels of access for trade and investment flows.
Singapore also launched a special logo to commemorate its hosting of APEC
this year.
The logo depicts the 21 APEC economies coming together to convene at a
single point, working towards unity, cooperation and synergy among member
economies to advance common interests.
-- BERNAMA
