Challenges to Economic Cooperation
Chapter 18: A Conversation with HEINZ W. ARNDT
Page 166 18 A Conversation with HEINZ W. ARNDT Q. AsiaPacific Economic Cooperation held two successive annual summits at Seattle in 1993 and Bogor, Indonesia in 1994 with great success and with much world attention. How do you view the Miami Initiative of the United States of America, hosting a conference of all states of North and South Americas (except Cuba) and the proposal for the hemispheric free trade area of the Americas? and its impact on APEC? A. I welcome the general approach. I welcome an arrangement which will help focus on nondiscriminatory trade liberalization. Each country is encouraged to liberalize trade independently of reciprocal or discriminatory arrangements. We have been anxious to avoid APEC becoming a discriminatory trade bloc or a free trade area. I am unhappy about suggestions that APEC should be linked to the North American Free Trade Area. The problem came to the fore in the second report of the Eminent Persons’ Group when Fred Bergsten, the U.S. member of the group, inserted into the draft a formula which seems to suggest that there should be nondiscriminatory trade liberalization within APEC, but it could be discriminatory for outsiders. Towards nonmember countries, APEC members would have the option of offering liberalization on a reciprocal basis. This has been the center of the argument. I think Bergsten feared that if he gave too much away, the Uruguay Round ratification might be in danger, or, there would be a general backlash in the United...
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