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Ministers agree to strengthen the contribution of RTAs/FTAs in achieving APEC` s goals.

M2 Presswire

| November 19, 2004 | COPYRIGHT 2004 Normans Media Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

RDATE:11192004

Santiago, Chile - APEC Ministers have endorsed a three stage initiative to strengthen the role of Regional Trade Agreements and Free Trade Agreements (RTAs/FTAs) in the APEC process.

This initiative includes an overall APEC policy response, a set of clear transparency measures and a capacity building program.

This endorsement came at the APEC Ministerial Meeting from 17 to 18 November in Santiago, Chile

The `APEC Best Practices for RTAs and FTAs` are intended to achieve high standard FTA/RTA agreements in the region, to ensure that RTAs/FTAs contribute to achieving the APEC Bogor Goals, and are consistent with the WTO.

Chair of all APEC Senior Officials Meetings in 2004, Ricardo A. Lagos, said the APEC Best Practices for RTAs and FTAs initiative will help to maximize the contribution of bilateral and regional agreements to furthering trade liberalisation in the Asia-Pacific.

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Source: HighBeam Research, Ministers agree to strengthen the contribution of RTAs/FTAs in...