Foreign Minister Kevin Rudd and Trade Minister Craig Emerson depart today
to join their regional counterparts at the 22nd APEC Ministerial Meeting in
Trade and Foreign Ministers from the 21 APEC member economies will meet
ahead of the 18th APEC Leaders' Summit on the weekend of 13-14 November.
Ministers will discuss the current challenges facing the APEC region and
map out a new long-term vision to promote the strategic, trade and economic
interests of member economies.
"As the world recovers from the Global Financial Crisis, we need to
determine how APEC can best position itself to meet future economic
challenges," Mr Rudd said.
A key issue this year will be to assess how far APEC economies have
progressed towards the Bogor Goals of free and open trade and investment.
"Australia's progress towards free and open trade and investment is among
the strongest of all APEC economies," Dr Emerson said.
Both Ministers welcome APEC's increasing focus on structural reform, which
helps drive stronger economic growth in Australia's major international
markets and reduces the risk of new financial crises emerging that can
damage Australian living standards.
APEC economies account for over half of global economic output, 40 per cent
of the world's population and 69 per cent of Australia's trade.
While in Yokohama, Dr Emerson will attend Ministerial meetings to discuss
progress on the WTO Doha Round and the Trans-Pacific Partnership Agreement
"We need to send a clear message to Leaders at the G20 and APEC summits
that Trade Ministers are serious about concluding the Doha Round," he said.
"It is time to move to the end game."
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