Sustainable Economic Recovery Up At APEC In Bangkok

Bandar Seri Begawan – The sustainable economic recovery of the Asia-Pacific region remains as one of the most important issues for the APEC leaders when they convene in Bangkok for the eleventh APEC Economic Leaders Meeting just a week away.

With the many challenges that have hit the entire region over the past several years, the business community within the APEC umbrella are very anxious for the meeting to focus on this issue.

Each year, a report is submitted by all the members of the APEC Business Advisory Council (ABAC) to their respective governments.

Brunei’s 2003 ABAC report was officially presented by Pehin Dato Awang Haji Abdul Rahman, Minister of Industry and Primary Resources.

Brunei's report recommendations, entitled 'Harmony in diversity: Achieving balanced and equitable growth', calls on APEC to take the initiative in its promise to advance the World Trade Organization's (WTO) Doha Development Agenda, following the collapse of the WTO's failure during its latest meeting in Cancun, Mexico, last month.

The report will be brought forward to the APEC Economic Leaders meeting in Bangkok, Thailand next week.

Timing is important as business confidence has been severely tested following the Asian financial crisis, the regional terrorist attacks and the deadly SARS outbreak.

In the report, the ABAC members urge the APEC leaders for an effective leadership and the implementation of initiatives to ensure that the region's economy improves. -- Courtesy of Radio Television Brunei 

Related Links:  http://www.apec2003.org/eng/index.html |  
                             http://edition.cnn.com/SPECIALS/2003/apec/

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