1997 APEC Ministerial Meeting
1. Ministers from Australia; Brunei Darussalam; Canada; Chile; the
People's Republic of China; Hong Kong, China; Indonesia; Japan; the
Republic of Korea; Malaysia; Mexico; New Zealand; Papua New Guinea; the
Republic of the Philippines; Singapore; Chinese Taipei; Thailand; and the
United States of America participated in the Ninth Asia-Pacific Economic
Cooperation (APEC) Ministerial Meeting convened in Vancouver, Canada on
21-22 November 1997. Members of the APEC Secretariat were also present.
The Association of Southeast Asian Nations (ASEAN) Secretariat, the
Pacific Economic Cooperation Council (PECC), and the South Pacific Forum
attended as observers. The meeting was co-chaired by the Honourable Lloyd
Axworthy, Minister of Foreign Affairs of Canada and the Honourable Sergio
Marchi, Minister for International Trade for Canada. Ministers welcomed
the first "APEC Results Report" which highlights the achievements of all
APEC fora in 1997.
2. In reviewing these results and achievements, Ministers underscored the
value of cooperation in strengthening economic growth and prospects for
the region. They reaffirmed their commitment to pursue trade and
investment liberalization, facilitation initiatives, and economic and
technical cooperation. They agreed that the recent financial turbulence
in the region reinforced the importance for APEC economies to lay the
foundation to realize their longer-term growth potential which remains
exceptionally strong. To this end, Ministers strongly endorsed a
forward-looking approach to ensure that the benefits of open economies
are fully realized.
Trade and Investment Liberalization and Facilitation
3. Ministers welcomed progress made in continuing the liberalization
momentum through a mix of individual and collective actions as well as
through identification of sectors for early voluntary liberalization.
Individual Action Plans (IAPs): Ministers reaffirmed that
Individual Action Plans (IAPs) are key to the implementation of APEC's
trade agenda for free and open trade and investment in the Asia-Pacific
region by the year 2010 for developed economies and 2020 for developing
economies.
- Ministers endorsed the individual and collective initiatives completed by member economies in 1997, the first year of implementation of the Manila Action Plan for APEC;
- Ministers welcomed the improvements in 1997 shown in members' IAPs, and reaffirmed their commitment to progressive and continuous improvements to their IAPs with due consideration to the views of the broad business community in order to reach the Bogor goals.
Ministers welcomed and encouraged the ongoing process of bilateral
consultations to exchange views on areas of interest and possible
improvements in IAPs. Ministers also commended and encouraged the
continuation of voluntary peer reviews in 1997 as an additional
opportunity for members to demonstrate their commitment to advancing
their IAPs.
Ministers commended the Committee on Trade and Investment (CTI) for
improving the format of the IAPs which will contribute to greater
transparency, facilitate review and assessment, and enhance their
usefulness to the business community. Ministers agreed to adhere to the
improved format guidelines in preparing economies' revised IAPs.
Ministers welcomed the recommendations of the APEC Business Advisory
Council (ABAC) on how future plans could more effectively meet the needs
of business in terms of value-added to commitments made elsewhere,
transparency, specificity, and commitment to action. Ministers agreed to
take account of the recommendations in revising their IAPs and Collective
Action Plans (CAPs) in 1998 and future years, and directed officials to
report to them in this regard by the June 1998 Meeting of Ministers
responsible for trade.
4. Early Voluntary Sectoral Liberalization: Ministers recalled the
instructions of the Leaders in Subic to identify sectors for early
voluntary liberalization, and welcomed progress made by Ministers
responsible for trade in May 1997 to accelerate this process. Ministers
agreed to pursue initiatives for early voluntary sectoral liberalization
in accordance with the attached statement, and welcomed the fact that
many of the proposals include measures that will promote facilitation as
well as economic and technical cooperation, illustrating again the
integrated nature of APEC's work. Ministers also agreed that other
actions should be taken so that the process remains consistent with, and
promotes, further broad-based multilateral liberalization. Ministers
underscored the importance of progressing toward the Bogor goals, and in
demonstrating APEC's leadership in liberalizing global trade.
5. Trade and Investment Facilitation: Ministers welcomed the
achievements under the Collective Action Plans (CAPs), which will
significantly lower costs and reduce barriers to the movement of goods
and services, capital, and business people. Ministers endorsed work in
these areas, including:
- development of the Blueprint for Customs Modernization and other initiatives on customs cooperation;
- establishment of APEC Internet sites for business information and assistance;
- progress on alignment with international standards;
- increased transparency for acquiring and using intellectual property rights;
- development of a menu of options to enhance the environment for investment that members can voluntarily choose to include in their IAPs;
- the development of model mutual recognition arrangements;
- principles to guide work on dispute mediation;
- improved mobility for business people including through expanded participation in the APEC Business Travel Card;
- non-binding elements of transparency in government procurement;
- work to make the Asia-Pacific information society a reality;
- completion of APEC guidelines for the preparation, adoption and review of technical regulations;
- providing public accessibility through the Internet to the applied tariffs of APEC member economies;
- action plans to create integrated and intelligent transportation systems;
- market and trade information for fishing industries;
- development of guidelines for streamlining and making more transparent the tendering, approval, and regulatory processes for independent power producers;
- initiatives in the Trade Promotion and Trade and Investment Data Review Working Groups.
Ministers welcomed the annual report of the Committee on Trade and
Investment (CTI), and commended APEC fora both for their implementation
and improvement of CAPs, and for the comprehensive range of short-term
deliverables contained in the report. They called for renewed efforts on
trade facilitation in the CTI and relevant Working Groups through 1998,
having particular regard to the priorities of the business sector.
Ministers called for intensified work on simplification and harmonization
of customs procedures; standardized approaches to reduce and simplify
documentary requirements (both print and electronic) for businesses,
particularly small and medium-sized enterprises; and encouraged
participation by additional members in the Asia-Pacific Laboratory
Accreditation Conference Mutual Recognition Arrangement recently signed
among accreditation bodies in five APEC economies. Ministers also called
for implementation by member economies of the mutual recognition
arrangement developed by the Telecommunications Working Group for
certification of telecommunications equipment.
6. Contribution to World Trade Organization (WTO) Process:
Ministers discussed the continuing contribution of APEC to supporting the
multilateral trading system, and noted in particular the dynamic and
catalytic role that APEC plays by virtue of its broad membership,
embracing both developed and developing economies, and its continuing
commitment to liberalization. Ministers agreed to work to ensure that
regional and multilateral trade and investment initiatives complement and
support each other. Ministers reaffirmed the primacy of an open,
rules-based multilateral trading system under the World Trade
Organization (WTO), and reiterated their support for the prompt accession
to the WTO of applicants in accordance with WTO rules and based on
effective market access commitments with a view to achieving universality
of WTO membership.
Ministers reiterated the importance of implementing fully all existing
WTO commitments as a foundation for further multilateral trade
liberalization, particularly through fulfilment of the built-in agenda of
the WTO according to agreed timetables. Ministers accordingly welcomed
the successful conclusion of the WTO Agreement on Basic
Telecommunications. Ministers of economies committed to participating in
the Information Technology Agreement (ITA) agreed to work together to
achieve broader participation and expanded product coverage in the next
phase of the ITA negotiations. Ministers agreed that the second WTO
Ministerial Conference, to be held in May 1998, provides a timely
opportunity to take stock of progress in the implementation of existing
commitments and on the built-in agenda and to provide instructions to WTO
bodies on the work necessary to prepare a substantive agenda for the WTO
Ministerial Conference to be held in late 1999, with a view to pursuing
further broad-based multilateral market access and other liberalization.
Ministers endorsed the efforts of negotiators from many APEC economies to
reach a successful conclusion to the negotiations on financial services
underway in the World Trade Organization by the deadline of December 12,
1997. As agreed by Finance and Trade Ministers, a successful conclusion
would encompass an MFN agreement based on significantly improved
commitments. Such an outcome would enhance competition within financial
systems, foster development of regional capital markets, promote
financial integration, improve the regional capacity to intermediate
savings and strengthen the global trading system.
To maintain and strengthen APEC's leadership in multilateral trade
liberalization and facilitation, Ministers reaffirmed their intention to
continue to pursue APEC initiatives that support work in the WTO,
including with respect to competition policy, trade facilitation,
transparency in government procurement and dispute mediation. They agreed
that the 50th anniversary of the multilateral trading system in May 1998
provides a unique opportunity to highlight the benefits that the system
has provided during its first half-century . Building on this
record, Ministers agreed to continue to work together to identify and
pursue all areas where APEC can complement and support the multilateral
trading system.
7. Impact of Trade Liberalization : Ministers reaffirmed their
strong belief that continued trade and investment liberalization and
facilitation is essential to economic growth and equitable development in
the region. They noted that studies undertaken within APEC's Economic
Committee confirm that timely implementation of commitments made by
member economies under the Manila Action Plan for APEC will significantly
increase trade and output in the APEC region and in the world more
generally. Ministers acknowledged the need to expand the assessment of
the impact of liberalization and facilitation, in order to promote a
broad-based and balanced understanding of this issue within domestic
communities. Ministers requested that further work be undertaken, and
asked for a report on progress at the meeting of APEC Ministers
responsible for trade in June 1998.
Economic and Technical Cooperation
8. Ministers committed to further strengthen economic and technical
cooperation by fully implementing the Framework for Strengthening
Economic Cooperation and Development which was agreed to in 1996.
Ministers also reaffirmed the importance of economic and technical
cooperation activities to strengthen economic fundamentals and welcomed
the efforts made this year in this regard. Ministers endorsed the
establishment of a SOM Subcommittee on Economic and Technical
Cooperation.
Ministers emphasized that progress on all six priority areas (developing
human resources; developing sound, safe and efficient capital markets;
strengthening economic infrastructure; harnessing technologies for the
future; safeguarding the quality of life through environmentally sound
growth; and strengthening the dynamism of small and medium enterprises)
is essential to reduce economic disparity among APEC economies, to
improve the economic and social well-being of people, and to achieve
sustainable growth and equitable development in the Asia-Pacific region.
They welcomed the particular emphasis given through 1997 on two priority
areas: strengthening economic infrastructure and promoting
environmentally sustainable growth, which served to accelerate progress
on meeting the challenges in these two areas.
Ministers commended APEC fora for engaging the private sector and other
experts in the implementation of the Framework for Strengthening Economic
Cooperation and Development, including through the convening of
public/private dialogue sessions, business workshops and expositions in
1997, and the Symposium on the impact of expanding population and
economic growth on food, energy, and the environment (FEEEP) which
brought together government, academic, non-government and business
experts.
The following summarizes progress in 1997 on the six priorities of the
Framework:
i) Economic Infrastructure : Improved infrastructure is a pressing
need in the region. Ministers noted that public funds alone cannot meet
the enormous infrastructure needs of the region, and reaffirmed the need
for greater private/business sector involvement to meet the
infrastructure requirements in the region. Ministers endorsed the
development of the Vancouver Framework for Enhanced Public-Private
Partnerships in Infrastructure Development and recommended it to
Leaders for their consideration. Ministers commended the work of APEC
Working Groups, the Economic Committee's Infrastructure Workshop, and its
associated public/private dialogue process, in contributing to the
implementation of the Framework. Ministers also recognized that
infrastructure is a cross-cutting issue and acknowledged the contribution
to the implementation of the Framework by several sectoral Ministerial
processes. Ministers supported the proposal for a feasibility study on an
APEC network of infrastructure facilitation centres as a focal point for
infrastructure development. Ministers welcomed the mutual cooperation
protocol signed by participating Export Credit Agencies and Export
Financing Institutions to enhance, on a project by project basis, the
attractiveness of infrastructure investment for private sector
participants. Ministers called on all APEC fora to continue to
participate actively in addressing the infrastructure development needs
in the region including:
Creating an Asia-Pacific Information Society : Ministers recognized that telecommunications and information technology is transforming societies and economies, and that the Asia-Pacific Information Infrastructure (APII) is an essential foundation to ensure the competitiveness of the Asia-Pacific region for the new era. Ministers called on APEC economies, as well as the Telecommunications Working Group to implement actions necessary to make the Asia-Pacific information society a reality. Ministers welcomed Singapore's offer to host a Telecommunications and Information Industry Ministerial Meeting in 1998.Creating an Integrated Asia-Pacific Transportation System: An efficient, safe, and integrated regional transportation system is critical to support growth. Ministers welcomed the results from the APEC Transportation Ministerial Meeting held in Victoria, June 1997, including the Declaration of Principles affirming commitment to harmonization of Civil Aviation Safety Rules. Ministers encouraged the implementation of these principles in support of civil aviation safety and efficiency. Ministers welcomed the completion of the transport congestion points study and the establishment of an Intermodal Task Force to develop an integrated transport system in the region.Energy Infrastructure : Ministers noted that energy infrastructure is key to the region's development needs and acknowledged that planned future work will create an institutional and regulatory framework conducive to business and investment, and promote environmentally responsible practices. Ministers noted the results from the APEC Energy Ministerial Meeting held in Edmonton, August 1997, and congratulated their colleagues on producing a "Manual of Best Practice Principles for Independent Power Producers" which focuses on promoting a predictable, transparent framework for tendering, bidding, evaluation and approval processes. Ministers welcomed initiatives to promote environmentally sound regulatory practices, the development of natural gas infrastructure, and the multilateral recognition of energy efficiency testing facilities, methods, and results. Ministers welcomed Japan's offer to host the next Energy Ministerial in Okinawa, October 1998, which will discuss wide ranging energy challenges and policies.Infrastructure for Sustainable Cities : Ministers welcomed progress made in 1997 in developing a greater understanding of the role that infrastructure plays in the development of cities that are economically viable, environmentally sustainable, and socially healthy. In particular, Ministers noted the Public/Private Dialogue in Los Cabos, June 1997, the Seminar on Environment and Economic Policies towards Sustainable Cities in Beijing, September 1997, and the upcoming workshop on the use of Economic Instruments towards Sustainable Cities in Taipei, December 1997.Infrastructure for rural diversification and integration : Ministers noted that improving infrastructure in rural communities, including roads, telecommunications, power generation, and capacity building, is critical to the region's development and cannot be overlooked. Ministers directed APEC fora to work with the private sector and include in their efforts infrastructure initiatives for promoting integration and diversification of rural communities.
ii) Environmentally Sustainable Growth: Ministers recalled the
decision to address sustainable development across all of APEC work
programs and applauded the APEC Cleaner Production Strategy, the Strategy
for the Sustainability of the Marine Environment, and the Sustainable
Cities Program of Action as examples of coordinated approaches to
integrate economic, social, and environmental considerations into work
programs. Ministers noted that specific action items were identified for
implementation during the APEC Environment Ministerial Meeting on
Sustainable Development in Toronto, June 1997, and instructed all APEC
fora to rapidly implement these initiatives. Ministers also recognized
the challenge to sustainable growth posed by emerging infectious
diseases, and concurred on the need for further collaboration.
Ministers endorsed the pledge by Environment Ministers that APEC
economies must do their part to implement global commitments, with full
consideration of domestic priorities and conditions. In this context,
Ministers recognized the importance of effective action to deal with
global emissions of greenhouse gases, and emphasized their strong support
for constructive dialogue and successful results at the Third Conference
of the Parties (COP 3) to the United Nations Framework Convention on
Climate Change (UN-FCCC) as an important step towards meeting the
objectives of the Convention. Ministers also shared the recognition of
Energy Ministers that enhancing energy efficiency is key to addressing
climate change.
FEEP : Ministers commended the work of the Economic Committee and its Task Force on Food, in collaboration with the Energy Working Group, Senior Environment/Economic Officials, and other APEC fora in addressing sustainability through examining the impact of fast-expanding population and rapid economic growth on food, energy, and the environment ("FEEEP"). Ministers welcomed the results of the FEEEP Symposium held in September 1997, Saskatoon, Canada which analyzed linkages among the elements of sustainability and cross-cutting themes. Ministers welcomed the Interim FEEEP Report to Leaders and agreed that the ability to adapt to changing technological conditions and economic constraints along with building partnerships and capacity building are key factors for success in the new millennium. Ministers called for further work in 1998 to lay the foundation for discussion by Leaders of possible joint actions.Managing resources: In their 1993 Statement, APEC Leaders envisioned a community which could provide for a more secure future by protecting the quality of air, water and green spaces. Ministers commended the Tourism, Fisheries, Marine Resource Conservation, Human Resources Development, Industrial Science and Technology, Transportation, and Energy Working Groups in fostering technical cooperation, and promoting sustainable practices which facilitate investment and promote environmental protection. Ministers welcomed the establishment of the APEC Environmental Protection Centre in China. Ministers also noted the coordination of work in respect of the marine environment by a group of networks, including the Ocean Research Network for the Pacific, the Sustainable Development Training and Information Network, the Ocean Model and Information System for the APEC Region, the APEC Virtual Centre for Environmental Technology Exchange, and the Education-Network (Edu-Net) under the APEC Study Centres Consortium. Ministers applauded this coordination and called on other APEC fora to adopt similar inclusive approaches.Emergency preparedness for disasters : Ministers noted that APEC should define its value-added role in formulating emergency preparedness and disaster recovery measures. Ministers called for strengthening cooperative efforts to ensure an effective and integrated approach to deal with this key issue. Ministers tasked Senior Officials to explore measures for joint action, taking into account the programs of other regional and international bodies, and to provide an inter-sessional report by June 1, 1998.
iii) Small and Medium Sized Enterprises (SMEs): Ministers welcomed
the results of the APEC Small and Medium Sized Enterprises (SMEs)
Ministerial Meeting in Ottawa, September 1997, and applauded the
commitment of SME Ministers to make changes at the domestic and APEC
level to create business environments that will address the special needs
of SMEs and encourage the creation of enterprises. Ministers also
welcomed the Framework and Guide for APEC SME Activities which will help
ensure that APEC is attuned to SME needs and will keep SMEs abreast of
measures and activities undertaken across APEC fora to improve access to
markets, technology, human resources, financing, and information.
Ministers asked that all APEC fora integrate the Framework for APEC SME
Activities into their programs. Ministers welcomed Malaysia's offer to
host the next SME Ministerial Meeting in 1998.
iv) Developing Human Resources: Ministers welcomed the results of
the Human Resources Development Ministerial Meeting in Seoul, September
1997, which emphasized that life-long learning and school-to-work
transition are essential to creating an adaptable workforce as well as
providing individuals with relevant skills; that skills development is
one of the most important instruments for adjusting to the changes in the
labour market and economic environment; and that the roles and
contributions of labour and management in attaining APEC's objectives of
promoting sustainable growth and the overall well-being of the people in
the region are important. Ministers noted the United States proposal to
host the next HRD Ministerial Meeting by the year 2000. Ministers invited
officials to place special emphasis on human resource development in
1998.
v) Harnessing Technologies for the Future: Ministers noted the
many initiatives to promote technological modernization of APEC member
economies. In particular they welcomed:
- the inaugural meeting for an APEC Science and Technology Parks Network held in the People's Republic of China, in September 1997;
- the APEC Symposium on Technology Foresight held in Thailand, June 1997;
- the work of the Industrial Science and Technology Working Group to increase mobility of researchers, and improved flows of technological information and technology as well as the Cleaner Production Strategy sector-based projects in the electronics and computer sector, textiles dying and finishing sector, and food industry sector; and
- the initiatives of the Transportation, Energy, and Telecommunications Working Groups to ensure that APEC continues to adopt new technologies into the new millennium.
Ministers agreed that electronic commerce is an important technological breakthrough. Recognizing the opportunities it presents as a tool for economic and social growth, Ministers called for a workplan to study a wide range of issues on electronic commerce, with a view to developing a predictable and consistent environment that enables all APEC economies to reap the benefits and foster growth of electronic commerce. Ministers recognized that the private sector should take the lead role as innovators and developers of this important medium. The workplan should be reviewed at the June 1998 Meeting of Ministers responsible for trade to consider further steps.
Recognizing the vital contribution that biotechnology can make toward
expanding agricultural and food production, Ministers encouraged the
Agricultural Technical Cooperation Experts Group to intensify
science-based approaches to the introduction and use of bio-technology
products.
Ministers welcomed Mexico's offer to host the third Science and Technology Ministerial in October 1998. Ministers directed officials to place special emphasis on this theme in 1998.vi) Developing Capital Markets: Ministers acknowledged the continuing work of the APEC Finance Ministers on the critical importance of sound macroeconomic policies for financial market stability and sustained growth. Ministers welcomed the Finance Ministers' work to develop voluntary principles to guide financial and capital market development and their collaborative initiatives to deepen and broaden domestic financial and capital markets.
Recognizing the impact that recent currency and financial market
instability has had on the economies of the region, the Ministers
welcomed the results of the 18-19 November 1997 meeting in Manila of
Finance and Central Bank Deputies from several APEC member economies that
discussed a New Framework for Enhanced Asian Regional Cooperation to
Promote Financial Stability. They welcomed the collective efforts to
address the problems caused by the region's currency turbulence. The
Ministers noted that similar meetings, involving ASEAN, several Asian
economies, and G-15 member countries will be convened in Kuala Lumpur in
early December.
In view of the prevailing currency volatility, the Ministers agreed to
recommend to Leaders that they consider the timing of the next meeting of
APEC Finance Ministers in order to adopt mechanisms for the enhancement
of financial stability in the region.
Deepening the spirit of community
9. Ministers recalled that deepening the spirit of community in
accordance with the APEC approach is critical in exercising a positive
influence in the region and in the world. This vision of community
requires that all sectors of society develop a stake in the success of
APEC.
APEC Business Advisory Council (ABAC) Report: Ministers discussed
the importance of public/private dialogue and increased interaction of
ABAC in the overall process, including sectoral Ministerial Meetings.
Ministers welcomed the evidence on how APEC is responding to the
recommendations made in ABAC's 1996 report. Ministers directed that all
APEC fora continue efforts to work in refining recommendations, defining
priorities, and implementing the necessary actions.
10. Input from the business/private sector: Understanding concerns
of businesses operating in the region is central to APEC's work. In this
regard, Ministers noted that sectoral Ministerial Meetings in 1997 on
Finance, Trade, Sustainable Development, Transportation, Energy, and
Small-Medium Sized Enterprises all included dialogue sessions with
business. Ministers also recognized that initiatives by APEC fora, such
as the business symposia on customs and investment organized by subgroups
of the Committee on Trade and Investment, the Economic Committee's
Infrastructure Workshop Public/Private Dialogue and the FEEEP Symposium,
the Energy Working Group's Ad Hoc Business Forum, and the APEC-PECC
dialogue involving the Telecommunications Working Group, were innovative
ways to obtain input from the private sector. To ensure APEC activities
benefit business in a practical way, Ministers commended the involvement
of the private sector to date in Working Group activities and encouraged
APEC fora to continue to broaden engagement of the private sector,
including young entrepreneurs and women leaders.
11. Youth: Ministers applauded the involvement of youth in APEC
activities throughout 1997 and noted that sectoral Ministerial Meetings
on Trade, Sustainable Development, Transportation, Energy, and SMEs had
provided forums for meaningful dialogue with youth. Ministers welcomed
the initiatives recognized by the HRD Ministerial Meeting which commended
youth delegations for creating an Electronic Sourcebook on work, study
and exchange opportunities in the APEC region, and the proposal to
inaugurate an APEC Youth Skills Camp. Ministers encouraged member
economies to support these initiatives.
12. Women : Ministers noted the attention paid to gender issues in
APEC fora, including in the Industrial Science and Technology, Human
Resources Development, Tourism, and Transportation Working Groups, as
well as the Policy Level Group on SMEs and Senior Environment Officials.
Ministers welcomed the offer of the Philippines to host a Ministerial
Meeting on Women in 1998 in Manila, focusing on women and economic
development and integrating women into the mainstream of APEC activities.
13. People-to-People linkages : Ministers noted that involving all
sectors of society, particularly those in education and business is
important in policy-making to promote sustainable growth and equitable
development. In this regard, they welcomed the accomplishments in 1997
including the participation of such stakeholders at a number of APEC fora
meetings, the opening of the APEC Education Foundation's Grants and
Program Secretariat in Seoul, Korea and its administrative office in
Monterey, USA. Ministers also noted the 1997 contributions of the APEC
Study Centers to APEC's work program, including the Consortium Meeting
which helped focus analysis more closely on issues important to APEC.
Ministers discussed the question of APEC's engagement with broader
sectors of society that are affected by impacts of economic growth and
liberalization. Ministers agreed in general that economic adjustment and
growth can be most effectively addressed when governments and concerned
sectors of society work together in harmony. Ministers noted related
activities underway in the Human Resource Development (HRD) Working Group
as endorsed by the recent HRD Ministerial Meeting, and called on the
Working Group to continue its work in addressing these issues.
Organizational and Budget Issues
14. Ministers endorsed:
- the 1997 annual report of the Committee on Trade and Investment and agreed with its recommendations. Ministers commended the Committee and its sub-groups for their comprehensive work in advancing the trade and investment liberalization and facilitation agenda;
- the 1997 annual report of the Economic Committee and commended the work of the Committee and its sub-groups on the Economic Outlook, the Trade and Investment Liberalization and Facilitation related studies, and progress on examining the impact of expanding population and economic growth on food, energy, and environment and the contributions to the infrastructure initiative;
- the 1997 annual report of the Budget and Administrative Committee and commended the committee for its work during the year in evaluating project proposals, streamlining procedures, and enhancing operation and administrative efficiency and effectiveness, including the de-classification of APEC documents for public access.
Ministers also noted the results of 1997 work from the ten APEC Working
Groups and other APEC fora, namely the Energy, Fisheries, Human Resources
Development, Industrial Science and Technology, Marine Resource
Conservation, Telecommunications, Tourism, Trade and Investment Data
Review, Trade Promotion, and Transportation Working Groups; as well as
the Policy Level Group of Small-Medium Enterprises, Agricultural
Technical Cooperation Experts Group, and Senior Environment/ Economic
Officials, and directed these fora to continue the implementation of the
Framework for Strengthening Economic Cooperation and Development through
coordinated initiatives.
15. Ministers endorsed the SOM Chair's Report on Organizational Issues
and instructed officials to implement the recommendations contained in
the report and supporting documents. Ministers approved the 1998 budget
of $ 7,551,139. Ministers also approved the 1998 contribution of member
economies of $US 3,864,000.
16. Report of the APEC Secretariat : Ministers expressed
appreciation for the work done by the Executive Director, Ambassador Jack
Whittleon, and staff of the APEC Secretariat in supporting the various
APEC Committees and Working Group and the APEC process as a whole.
Membership and Participation Issues
17. Membership: Ministers endorsed the Guidelines on APEC
Membership and undertook to consider them in future deliberations on this
matter. A variety of views were expressed on the number of new members to
be included and the timing. However, the final decision on this matter
was left to Leaders.
18. Non-member participation in APEC fora : Ministers noted the
increased non-member participation in Working Group activities following
the adoption of the Consolidated Guidelines on Non-member Participation
in Working Group Activities last November. Ministers further endorsed the
SOM decisions on application of the Consolidated Guidelines.
Other Matters
19. Future Meetings: Ministers thanked Malaysia for the valuable
briefing on the preparations for the Tenth APEC Ministerial Meeting, and
look forward to their next meeting in Kuala Lumpur in 1998. Ministers
also thanked New Zealand and Brunei Darussalam for their updates on plans
for the Eleventh and Twelfth Annual Meetings, which will be held in their
respective economies. Ministers welcomed the announcement that the
People's Republic of China will host the Thirteenth Meeting in the year
2001.