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Apec to draw blueprint on trade liberalisation evaluation

The Asia-Pacific Economic Cooperation forum Tuesday agreed to compile a draft report by June on how to evaluate progress in regional trade liberalisation efforts, reported Japan’s Jiji press agency.

The agreement was made at a meeting of senior APEC officials who got together in this western Japan city Monday and Tuesday.

The forum is scheduled to hold a meeting of trade ministers in the northern Japan city of Sapporo in June.

The draft report will spell out ways to evaluate progress in developed APEC members' efforts to liberalise trade and investment by 2010 as pledged at a meeting in Bogor, Indonesia, in 1994.

Japan, this year's Apec chair, presented proposals for how to evaluate progress in the liberalisation efforts by 11 developed members.

The senior officials also agreed that the forum will seek to realise a proposed free trade area that would cover all Apec members.

The officials also agreed to discuss ways to promote collaboration among small firms and human resources development.

The forum is set to hold a summit meeting in Yokohama, southwest of Tokyo, in November.

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