For Immediate Release
Office of the Press Secretary
September 9, 2007
Fact Sheet: Asia-Pacific Economic Cooperation (APEC) 2007
In Focus: APEC
"Our challenge is to strengthen the
forces of freedom and prosperity in this region. One of the most
important ways we can do so is through the expansion of trade and
- President George W. Bush, Remarks at APEC
Business Summit, 9/7/07
At The 15th Asia-Pacific Economic
Cooperation (APEC) Leaders' Meeting In Sydney, President Bush And The Other
APEC Leaders Took Further Strides Toward Their Shared Goal Of Free And Open
Trade And Investment In The Asia-Pacific By:
a consensus report on ways and means to realize the vision of a
trans-Pacific, region-wide Free Trade Area of the Asia-Pacific;
- Agreeing on three new sets of model measures
for free trade agreement (FTA) chapters to promote high-quality FTAs that
expand trade; and
- Deciding on an action
plan to reduce trade transaction costs by 5 percent by 2010; and
a region-wide effort to streamline patent procedures.
President Bush And The Other APEC Leaders Secured Renewed Commitment
Aimed At Generating New Momentum On The Doha Round Multilateral Trade Negotiations:
- The Leaders issued a strong Statement insisting on an ambitious, balanced result that delivers substantial market access in agriculture, industrial goods, and services.
United States and many APEC partners are showing
resolve to make the tough choices required to create new trade flows.
President Bush, Australian Prime Minister John Howard, And The
Other APEC Leaders Forged A New Direction For Global Efforts To Address Climate
Change And Energy Security:
"Sydney Declaration on Climate Change, Energy Security, and Clean
Development" calls for substantial yet realistic goals and practical
actions concerning energy intensity, reforestation, and key technological
Leaders welcomed the United States-led initiative calling for high-level
discussions among the world's major economies to define a framework for
action that could become part of a new global agreement. The first
meeting will take place September 27-28 in Washington.
Reflecting His Dedication To APEC And The Region, President
Bush Offered, And The APEC Leaders Accepted, That The United States Host The APEC Meetings In 2011:
United States views APEC as the preeminent regional
Bush has participated in every APEC Leaders Meeting since he entered
office in 2001.
- Peru will host in 2008, Singapore in 2009, and Japan in 2010.
At APEC, President Bush And Other Leaders Urged Countries That
Have Isolated Themselves In The Region To Correct Their Course:
Leaders urged North Korea to take prompt action to denuclearize,
as the crucial first step for it to be welcomed as a responsible member of
the international community.
President also expressed deep concern about the recent actions of the
regime in Burma against peaceful demonstrators and
called for the release of these and other political activists.
President Bush Took The Lead At APEC In Championing Key Human
Leaders agreed to region-wide principles on defending food supplies from
terrorism; committed to strengthening food and product safety standards
using scientific risk-based approaches; agreed to support the timely
sharing of influenza specimens and to promote access to vaccines and other
benefits derived from them; and endorsed guidelines to ensure that
economies continue to function in times of pandemic.
has also made progress in areas such as deterring illegal trafficking of
radioactive materials, protection of transportation and energy
infrastructure, and combating the illicit use of financial systems for
terrorism and the proliferation of weapons of mass destruction (WMD).
year, APEC accepted U.S. transitional membership in the APEC
Business Travel Card (ABTC) scheme, which offers card holders expedited
immigration processing at ABTC member airports.
President Bush Also Continued His Commitment To Building
Societies For Sustainable Growth:
Leaders reinforced their fight against corruption by creating model Codes
of Conduct and complementary Anti-Corruption Principles for business and
Leaders committed to equip the regions workforce with 21st
Century skills in order to help workers adapt more quickly to an open and
Background On APEC:
At The 14th Asia-Pacific Economic
Cooperation (APEC) Leaders' Meeting In Hanoi, Vietnam, In 2006 President Bush Presented A Vision
Of APEC As A Forum To:
APEC was founded in Australia in 1989, and the United
States hosted the first
meeting at the Leaders' level at Blake Island in 1993.
- 21 member economies, representing:
- 60% of U.S.
- 60% of world GDP
Almost half of global
2.7 billion consumers
- Premier economic forum
in the Asia-Pacific, allowing Leaders, Ministers, and Senior Officials to focus
high-level attention on issues of regional and global importance.
opportunities for sustainable growth through trade liberalization;
threats to sustainable growth by securing travel, transport, and trade,
fighting against terrorism, and preventing pandemic disease; and
societies for sustainable growth by stemming corruption and promoting good
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