Auckland Challenge (1999)
Brief Introduction
At their meeting in September 1999 in Auckland, APEC Leaders agreed
that the performance and prospects of the APEC economies had improved,
but they were not complacent about the risks to recovery. Accordingly
they pledged to strengthen markets and improve the international
framework governing trade and investment flows. Leaders also put
people and their prosperity at the forefront of their discussions,
welcoming the more active participation of women and business in
APEC¡¯s work during 1999.
In addition to reaffirming their commitment to the Bogor Goals
of free and open trade and investment by 2010/2020, Leaders endorsed
new APEC Principles to Enhance Competition and Regulatory Reform;
further work on an APEC Food System; and agreed that priority would
be given to trade facilitation in 2000.
Leaders endorsed the Finance Ministers¡¯ work to strengthen domestic
financial markets and the return of capital to the region. In addition
they agreed that Finance Ministers should work, in collaboration
with other relevant organisations to develop a set of banking standards
for consideration and possible adoption by APEC economies.
Looking ahead to the Seattle WTO Ministerial, Leaders committed
to the launch of a new Round of multilateral trade negotiations
including comprehensive negotiations on industrial tariffs, in addition
to services and agriculture; improved market access; completion
within three years as a single package; and the abolition of agricultural
export subsidies and unjustifiable export prohibitions and restrictions.
Kuala Lumpur: Strengthening the Foundations for Growth
(1998)
Brief Introduction
The APEC Leaders in Kuala Lumpur in November 1998 reaffirmed their
confidence in the strong economic fundamentals and prospects for
recovery for the economies of the Asia-Pacific. They agreed to pursue
a cooperative growth strategy to end the financial crisis. They
pledged efforts to strengthen social safety nets, financial systems,
trade and investment flows, the scientific and technological base,
human resources development, economic infrastructure, and business
and commercial links so as to provide the base and set the pace
for sustained growth into the 21st century. Leaders also welcomed
Ministers¡¯ decision to seek an EVSL agreement with non-APEC members
at the World Trade Organisation.
The Leaders adopted the Kuala Lumpur Action Program on Skills Development
with the objective to contribute towards sustainable growth and
equitable development while reducing economic disparities and improving
the social well-being of the people, through skills upgrading/improvement.
The action program seeks to encourage greater participation of the
private/business sectors in skills development in APEC through public-business
¡®smart partnership¡¯.
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