Challenges to Economic Cooperation
Chapter 16: A Conversation with NARONGCHAI AKRASANEE
Page 156 16 A Conversation with NARONGCHAI AKRASANEE Q. I would appreciate it if you would define APEC. A. A lot of people think APEC is going to be a trade forum, trade and investment forum—a forum spending most of its time in the development of trade and investment. Q. How does it relate to the Miami initiative—a conference in Miami in December 1994 of all nations of the North and South Americas (except Cuba), hosted by the United States, proposing a free trade area of the Americas? A. The Miami initiative is a call for another free (trade) forum. I believe that the U.S. is determined to open up trade around the world and will use every means possible, unilateral, bilateral, regional and multilateral. APEC is a forum whereby the U.S. can be active in opening trade and further the same objective. Q. I want to bring to your attention the concern of some economists from other parts of the world, a concern that this Americanization of America may be a matter of concern to the APEC initiative. A. I don’t think so. APEC is a forum of (sovereign) members sharing the goal about the opening up of intraAPEC trade. All APEC nations may not be ready to the same degree, but certainly the fact that the 18 countries are signatories to the APEC Agreement must mean that they subscribe to the same common goal. Q. You do not seem to suggest that the Miami Initiative...
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