Leaders Coordinate Responses to Financial Crisis,

Leaders Coordinate Responses to Financial Crisis, Human Security and Social Equity

Issued by the APEC Secretariat

Singapore, 31 October, 2008 – Leaders and representatives of APEC’s 21 Member Economies are preparing for their annual meeting in Lima, Peru in the latter half of next month. 

The 16th annual APEC Economic Leaders’ Meeting (22 – 23 November) is the culmination of the actions, discussions and endorsements that have taken place throughout 2008, hosted by Peru and under the theme, “A New Commitment to Asia-Pacific Development.” 

Heads of member governments will receive recommendations from Ministers, including those responsible for Finance, Trade and Structural Reform.  These recommendations are likely to address:

Coordinated long- and short-term responses to the current financial crisis;
 

Collaborative efforts to progress a regional-wide free trade agreement;
 

Human security initiatives, including emergency preparedness and response;

Structural reform;

Stimulation of growth among small to medium and micro-enterprises; and

Improving food security in the Asia-Pacific region.

These are intended to inform collective policy initiatives among leaders and, ultimately, to strengthen economic resilience and expand trade opportunities throughout the region. 

Prior to the Leaders’ Meeting, related events to be held in Lima will include:

APEC Concluding Senior Officials’ Meeting, 16 – 17 November
APEC Business Advisory Council (ABAC), 18 – 20 November
APEC Ministers’ Meeting, 19 – 20 November
APEC CEO Summit, 20 – 22 November
 

The CEO Summit will feature presentations by the world’s most renowned leaders.

ends

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