Learn Chinese - Trade,?security policies outlined at APEC

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WORLD / Asia-Pacific

Trade,?security policies outlined at APEC

(Xinhua)
Updated: 2007-09-06 22:24

Meanwhile, the ministers agreed to establish an APEC Food Safety
Cooperation Forum, co-chaired by China and Australia, to help harmonize
food safety regulations with international standards.

On the APEC reform, measures include the increase by 30 percent the
membership contributions from 2009, the appointment of a Chief Operating
Officer in 2007, and considering the appointment of a fixed-term
Executive Director to enhance APEC's institutional work.

The ministerial meeting was convened in preparation for the APEC Economic
Leaders Meeting scheduled here on September 8-9, and the ministers will
submit their recommendations and outcomes of meeting to the leaders for
approval.

Founded in 1989, APEC is the premier forum for facilitating economic
growth, cooperation, trade and investment in the Asia-Pacific region.

It represents the most economically dynamic region in the world, with its
21 member economies spanning four continents and accounting for
approximately 40 percent of the world's population, 56 percent of world's
GDP and 48 percent of world trade.

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