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TUESDAY, NOVEMBER 15, 1994
BOGOR DECLARATION A HISTORIC STEP TOWARDS FREE TRADE IN THE REGION
TODAY (TUESDAY) THE FINANCIAL SECRETARY, SIR HAMISH MACLEOD, DESCRIBED THE BOGOR DECLARATION AS "A HISTORIC STEP TOWARDS FREE TRADE IN THE REGION.
17
AT
CO-OPERATION'S SPEAKING IN JAKARTA AFTER ASIA PACIFIC ECONOMIC
SIR BOGOR, MEETING ECONOMIC
HAMISH SAID THE (APEC) ATMOSPHERE HAD BEEN EXCELLENT AND THE DISCUSSION VERY FORWARD LOOKING.
LEADERS
+
"THIS WAS A VERY POSITIVE MEETING, SIR HAMISH SAID.
"WE
GENERAL ECONOMIES
HAVE MOVED FORWARD SOME CONSIDERABLE WAY FROM THE
ALL 18 WE NOW HAVE DECISION MADE IN SEATTLE LAST YEAR. COMMITTED TO ACHIEVING FREE TRADE IN THE REGION BY THE YEAR 2020."
NOTED SIR HAMISH
BREN SOME
AND THERE HAD THAT
CONCERNS RESERVATIONS EXPRESSED PRIOR TO THE MEETING, BUT LEADERS HAD SETTLED
RECOGNISING THE OVERRIDING IMPORTANCE AMICABLY, DECLARATION ON FREEING UP TRADE AND INVESTMENT FLOWS REGION.
THESE
IS
OF A STRONG THROUGHOUT THE
THIS DIVERSITY IS "THERE IS A TREMENDOUS DIVERSITY IN APEC.
AN IT
ΤΟ OPPORTUNITY AND A CHALLENGE. BOTH AN OPPORTUNITY
AND DEMONSTRATE
COMPLEMENTARY TRADE' BETWEEN DIFFERENT HOW FREE
IT IS A CHALLENGE IN ECONOMIES CAN PRODUCE SIGNIFICANT GAINS FOR ALL.
WE MOVE THAT WE MUST FIND WAYS OF ACCOMMODATING OUR DIFFERENCES AS TOWARDS THE GOAL."
SIR HAMISH HIGHLIGHTED FOUR POINTS ABOUT THE DECLARATION.
"FIRST,
SECOND,
HAVE
BLUE
WE
DETAILED
WE HAVE REACHED CONSENSUS ON THE WAY FORWARD; WE HAVE ANNOUNCED TO THE WORLD AN UNAMBIGUOUS GOAL; THIRD, DIRECTED THAT MINISTERS AND SENIOR OFFICIALS DEVISE A PRINT OF MEASURES NECESSARY TO ACHIEVE THAT GOAL; AND FOURTH, WE RESOLVED NOT TO TAKE ANY NEW ACTION WHICH WOULD RESTRICT THE TRADE AND INVESTMENT FLOWS EFFECTIVE IMMEDIATELY.
APEC
"
HAVE
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IS AN INFORMAL FORUM FOR
GOVERNMENT-TO- LEVEL HIGH GOVERNMENT DIALOGUE ON TRADE AND ECONOMIC ISSUES, AND COMPRISES MEMBERS.
HONG
KONG,
OTHER
MEMBERS
BRUNEI ARE: AUSTRALIA,
THE MINISTERIAL DARUSSALAM, CANADA, CHILE (WHICH BECAME A MEMBER AT
JAPAN, KOREA, MALAYSIA, MEXICO, NEW
SINGAPORE,
BESIDES
MEETING),
ZEALAND,
CHINA,
NEW PAPUA
GUINEA, TAIPEI, THAILAND AND THE USA.
INDONESIA,
THE
PHILIPPINES,
CHINESE
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