Word: pacifice
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In the past, government and business leaders gathering for meetings of the Asia-Pacific Economic Cooperation (APEC) forum had to resort to collective fashion blunders to demonstrate unity. Representatives of this diverse group of 21 Asia-Pacific nations, who together represent roughly 40% of the world's population and 54...
The anxiety over APEC's economic future has rejuvenated an idea once dismissed as unwieldy and unrealistic: the knitting together of a free-trade zone, similar to the European Union, straddling the Asia-Pacific region. Proposed by APEC's Business Advisory Council, this zone would include most of Asia (but...
There are other reasons Asia may not be ready. One of the central goals of an Asian bloc would be to make it easier for China to buy a greater proportion of the region's output as the U.S. fades as an engine of global consumption and growth. But, while...
Still, pressure for reductions in regional trade barriers is building, partly due to frustration over the failure of the World Trade Organization to complete the Doha Development Round, which is supposed to lower trade barriers globally. Leaders at the upcoming APEC summit are expected to commit to the completion of...
That is the positive face of the Obama era of diplomacy; it is the story that both leaders and their respective diplomatic corps want to broadcast. Japan and the United States stand together, connected by history and, as Obama announced, "bound" by the Pacific Ocean. Fact sheets were distributed to...