8.
Besides the Action Agenda, the Ministerial Meeting also agreed on a set of guidelines for non-member participation in APEC Working Group activities.
Recognising the importance of continued co-operation and active involvement of the business/private sector in APEC activities, the ministers decided to set up an APEC business advisory council and agreed on a set of guidelines on the structure, funding and activities of the council.
Other members of the Hong Kong delegation included the Director-General of Trade, Mr Tony Miller; Principal Representative, Hong Kong Economic and Trade Office, Tokyo, Mr David Lan; and Deputy Director-General of Trade, Mr Tam Wing-
pong.
APEC is an informal forum for high level government-to-government dialogue on trade and economic issues, and at present comprises 18 members.
Besides Hong Kong, other members are Australia, Brunei Darussalam, Canada, Chile, China, Indonesia, Japan, South Korea, Malaysia, Mexico, New Zealand, Papua New Guinea, the Philippines, Singapore, Chinese Taipei, Thailand and the United States.
At their meeting held at Bogor in November last year, APEC economic leaders set a goal of free and open trade and investment in the Asia Pacific region to be achieved by 2010 for industrialised economies and 2020 for developing economies. Leaders also directed the ministers and senior officials to devise a blueprint of measures to achieve this goal.
This blueprint, now called the Action Agenda for the implementation of the Bogor Declaration, will be submitted by the ministers to the economic leaders for consideration and adoption at their meeting on November 19 in Osaka.
The Financial Secretary, Mr Donald Tsang, will represent Hong Kong at this meeting.
End/Friday, November 17, 1995
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