With free trade all talk, APEC risks becoming irrelevant – Wenran Jiang

From The Globe and Mail:

Prime Minister Paul Martin must have heaved a sigh of relief to leave domestic headaches behind for a few days when he flew to South Korea for the annual summit last week.

The Asia Pacific Economic Co-operation forum seems an ideal international stage for Mr. Martin and many of his 20 counterparts to boost their image. Representing more than 40 per cent of the world’s population, the APEC group is the largest regional trading bloc, commanding nearly 50 per cent of global trade volume and 60 per cent of GDP. It has generated nearly 70 per cent of global economic growth in the past decade. In a joint declaration, members expressed support for the World Trade Organization talks in Hong Kong next month, combatting the spread of avian flu, and fighting terrorism.

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