The Office of the U.S Trade Representative reports progress as senior officials from the 21 member economies of the Asia-Pacific Economic Cooperation Forum concluded their first meeting in Washington, D.C. The officials are working toward building a seamless regional economy in the Asia-Pacific region. Areas of discussion included practical and concrete ways to strengthen regional economic integration and expand trade, promote green growth, and advance regulatory cooperation and convergence.
Officials also addressed next generation trade and investment issues, including improving supply chain performance and innovation and trade in technology. They also agreed to identify and address the most onerous barriers faced by small- and medium-sized businesses trading in the region.
To promote green economic growth, APEC members discussed how best to address non-tariff measures that affect trade in environmental goods, streamline import procedures for advanced technology demonstration automobiles, facilitate trade in remanufactured products, and combat trade in illegal logging.
The series of meetings will conclude with the APEC 2011 Trade Ministers Meeting, in Big Sky, Mont., this May.