APEC leaders adopt declaration promoting trade liberalization
The key focus of this year's APEC summit was strengthening the multilateral trading system, with the goal of achieving balanced growth within the Asia Pacific region.
On the last day of the gathering in Bali on Tuesday, the leaders adopted a joint declaration and agreed to extend their commitment to resist protectionist measures by a year to 2016.
President Park put great emphasis on trade liberalization throughout the two-day meeting.
On Monday, in a keynote speech at the first session of the summit, the president had stressed that trade liberalization is the most cost-effective way to promote economic revitalization, job creation and welfare enhancement.
In an interview with Indonesian newspaper The Jakarta Post published on Tuesday, President Park reiterated that APEC member nations should strive to block the spread of trade protectionism.
She said although countries may be tempted to engage in trade protectionism when the economy gets bad, history has shown that promoting trade at such times eventually leads to economic recovery.
President Park's call for tangible outcomes at the 9th World Trade Organization ministerial meeting, set to take place in December, was also reflected in the leaders' declaration.
The president, in particular, had called for progress in the stalled Doha Development Agenda, a current trade negotiation round of the WTO.
In a separate effort to promote trade and investment on the sidelines of the summit, President Park had also sought ways to push ahead with FTA negotiations or further develop previously signed trade pacts during her bilateral talks with the leaders of China, Canada, Mexico and Peru.
"President Park is expected to continue her push for trade liberalization and sales diplomacy in her bilateral summits with the leaders of Brunei, Singapore, Australia and Myanmar here in Brunei, where she will be attending the Korea-ASEAN, ASEAN+3 and East Asia summits.
Eoh Jin-joo, Arirang News, Bandar Seri Begawan."
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