Subscribe to our free, weekly email newsletter!



APEC pledges to create “seamless regional economy”

By Patrick Burnson, Executive Editor
March 14, 2011

While most of the world’s focus was on Japan’s response to its earthquake and related crisis, trade experts were quietly working behind the scenes in Washington last week to establish a long-term strategy for rebuilding that country’s economy.


“The U.S. wants to build towards the goal of a ‘seamless regional economy’ that produces economic growth, employment and prosperity across the Asia-Pacific region,” said senior White House official Michael Froman in his capacity as Chair of the 2011 Asia-Pacific Economic Cooperation (APEC). Senior Officials’ Froman is also the Deputy Assistant to U.S. President Barack Obama and Deputy National Security Advisor for International Economic Affairs.


Froman opened the meeting with an expression of condolence and solidarity to Japan on behalf of the United States and all APEC economies, in light of the tragic March 11 earthquake and tsunami.  Against that backdrop, Senior Officials pledged to redouble APEC’s efforts in disaster preparedness and recovery.


APEC senior officials held their first meeting during the United States’ host year in Washington, DC last Saturday to discuss priorities for 2011. Specifically, they are looking to identify practical and concrete initiatives in 2011 to: 1) Strengthen regional economic integration and expand trade, 2) Promote green growth; and 3) Advance regulatory convergence and cooperation.


“The United States sees 2011 as an important year to reaffirm and strengthen our ongoing commitment to the Asia-Pacific – in particular, our economic engagement with economies throughout the region,” said Froman.  “We see our participation in and hosting of APEC as vital to this effort.”


In addition, the U.S. is advancing ways to streamline and strengthen the way APEC does business by focusing on solving problems and achieving clear, meaningful progress toward APEC goals with input from the private sector.


“Throughout 2011, we plan to hold multiple private sector-led activities on topics ranging from energy and transportation to innovation and trade, food security, and women’s entrepreneurship that will allow APEC officials to draw upon recommendations from industry and other stakeholders when developing initiatives and outcomes.”


“These are all big issues that present real challenges to our economies and to the future of this organization.  If we are going to be successful in addressing them, we will all need to work together, to think outside the box, and to push ourselves to truly ‘get stuff done’ in 2011,” said Froman concluded.


For related stories click here.

About the Author

image
Patrick Burnson
Executive Editor

Patrick Burnson is executive editor for Logistics Management and Supply Chain Management Review magazines and web sites. Patrick is a widely-published writer and editor who has spent most of his career covering international trade, global logistics, and supply chain management. He lives and works in San Francisco, providing readers with a Pacific Rim perspective on industry trends and forecasts. You can reach him directly at .(JavaScript must be enabled to view this email address).


Subscribe to Logistics Management magazine

Subscribe today. It's FREE!
Get timely insider information that you can use to better manage your
entire logistics operation.
Start your FREE subscription today!

Recent Entries

Having introduced into the California State Senate a new bill designed to give an exemption from sales and use tax for port terminal operators purchasing zero or “near zero-emission” equipment, Lara is trying to advance two agendas.

The notions of “green shoots” or “cautious optimism” in gauging the current state of the economy does not specifically exhibit what is really happening, when assessing how things are actually going, it seems. That was made clear by Bob Costello, chief economist at the American Trucking Associations, at last week’s NASSTRAC (National Shippers Strategic Transportation Council) Shippers Conference and Transportation Expo in Orlando, Fla. last week.

With a 6.8 cent gain to $2.266 per gallon, this week’s average diesel price is at its highest level since the week of December 28, when it was at $2.237 per gallon.

Manufacturing activity in April remained on the right side of growth for the second straight month, following six months of contraction, according to the April edition of the Manufacturing Report on Business from the Institute for Supply Management (ISM).

Some 22 centuries after the original Silk Road smoothed the path of Chinese silk merchants to Europe, a new effort is beginning to build a new 21st century highway between Europe and the burgeoning economy of China, now the world’s fastest-growing market.

Comments

Post a comment
Commenting is not available in this channel entry.


© Copyright 2016 Peerless Media LLC, a division of EH Publishing, Inc • 111 Speen Street, Ste 200, Framingham, MA 01701 USA