2ND LD Asia-Pacific free trade

[ 2010年2月26日 ]
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TOKYO, Feb. 21 Kyodo

(EDS: ADDING MORE INFO)

Senior officials from Pacific Rim economies will agree on the need to keep making efforts to realize a free-trade zone in the Asia-Pacific region when they meet in Hiroshima on Monday and Tuesday, a draft agenda showed Sunday.

The officials from 21 member economies of the Asia-Pacific Economic Cooperation forum aim to ''agree on how to explore possible pathways to an FTAAP building on existing analytical studies,'' the draft Clip in human hair extensions agenda said in reference to the potential region-wide free-trade zone, dubbed Free Trade Area in the Asia Pacific, or FTAAP.

Japan assumes the rotating chairmanship of APEC, which involves China, Russia and the United States, in 2010 and will host a series of meetings, including ministerial talks and the summit in November.

The draft, which was obtained by Kyodo News, also says the officials will have ''broad policy discussions including on resisting protectionism and supporting the multilateral trade system'' under the World Trade Organization.

The WTO aims to conclude the stalled Doha Round of global trade liberalization talks within this year. The original deadline for the round, launched in 2001, was 2005.

Experts say the 153-member WTO needs a breakthrough on such crucial topics as tariff cuts and reduction in export subsidies by the summer, when APEC will separately hold a trade ministers' meeting.

They say such a breakthrough can only come after concessions by key players, including Brazil, India and the United States, but add it will not be easy.

Some APEC officials suggest, however, that a failure by the WTO to achieve a breakthrough would not harm efforts for freer trade and investment. They argue instead that it may strengthen the resolve of APEC members to achieve FTAAP as a new framework to enhance trade among Asia-Pacific economies.

Prospects are not all bright, however. APEC, which accounts for half the world's global economic output and some 40 percent of its population, is a huge regional economy in which economic conditions vary from member to member.

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Attempting to agree on a single opinion is so difficult that one of the officials said FTAAP is completely different from a free-trade agreement, describing it rather as a ''legally nonbinding'' free-trade zone.

China, an emerging power in the area, has been widely seen as cautious toward the United States establishing a strong foothold in Asia, preferring to pursue economic integration between Japan, China, South Korea and Southeast Asian countries -- an idea that would exclude some other APEC members, such as Australia, a U.S. ally in the Pacific area.

The Hiroshima meeting, which comes as the first formal event for Japan as APEC chair, will also revolve around such issues as engineering ''Growth Strategy'' for APEC and ensuring human security that focuses on cooperation toward food safety and disaster prevention.

Another crucial issue under Japan's chairmanship is assessing the extent to which the advanced economies of APEC have achieved its Bogor Goals of trade and investment liberalization, set 16 years ago.

The goals, named after the Indonesian city where APEC leaders reached their agreement in 1994 and implemented under
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