Viet Nam to Host Legal Infrastructure Strengthening Seminar
APEC Member Economies will increase the sharing of legal infrastructure information in the coming year through a series of projects that will culminate in a seminar in Viet Nam.
APEC's Strengthening Economic Legal Infrastructure (SELI) Coordinating Group has reviewed their work plan for the coming year and evaluated the series of projects that are being delivered around the region.
SELI Chair, Mr Kunihiko Shinoda, said the latest project to be added to the group's work plan is a seminar scheduled for Ha Noi in January 2007.
"SELI will host a seminar to help Member Economies develop laws for the implementation of market-oriented economic reforms," he said at the conclusion of the SELI meeting in Viet Nam this week.
"Around 70 delegates from Member Economies will attend the seminar to share information on strengthening legal infrastructure and in particular will learn from the experience of Viet Nam.
"In recent years Viet Nam has undergone dramatic change as the economy has opened up to the global market and this has required significant changes in local legal infrastructure.
"Experience from the capacity building programs that have been undertaken in Viet Nam over recent years will benefit a number of other economies in the region undergoing change."
Other issues covered at the SELI meeting today include discussions on continuing regulatory reform, corporate governance and enforcing rules on corporations and competition.
Mr Shinoda said APEC and SELI make a significant contribution to ensuring economies are able to adjust to changes in the global economy.
"APEC has played an important role in strengthening economic legal infrastructure in Asia-Pacific particularly since this region was faced with the Asian Economic Crisis at the end of 1990s."
The SELI Coordinating Group was established in 2001, following the endorsement by APEC Ministers of the SELI Menu of Options which specifies the priority areas for the APEC Region in strengthening economic legal infrastructure.