51. Time to Reinvent APEC
- Author:
- Edward Lincoln and Kenneth Flamm
- Publication Date:
- 11-1997
- Content Type:
- Working Paper
- Institution:
- The Brookings Institution
- Abstract:
- APEC, the Asia-Pacific Economic Cooperation forum, provides an opportunity for 18 countries with strong trade and investment ties to discuss a wide range of economic issues. APEC has scored two tangible achievements to date: a sweeping but vaguely worded 1994 pledge by its member states to open up to free trade and investment by 2010 and 2020, and a central role in the negotiation of the 1996 Information Technology Agreement (ITA). However, APEC is in danger of fading. When this year's summit begins on November 19, the United States must push for major reform of the APEC bargaining process if the organization is to have any chance of realizing its ambitious trade reform targets.
- Topic:
- Foreign Policy, Economics, Emerging Markets, International Organization, and International Trade and Finance
- Political Geography:
- United States and Asia