The President's Trip To Brunei and Vietnam - Fact Sheets

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THE WHITE HOUSE

Office of the Press Secretary
(Bandar Seri Bagawan, Brunei Darussalam)



For Immediate Release November 15, 2000


PRESIDENT CLINTON & APEC LEADERS: WORKING TOGETHER TO MEET THE CHALLENGES OF THE 21st CENTURY NEW ECONOMY


The Asia Pacific Economic Cooperation (APEC) Forum was established in 1989 to promote economic integration around the Pacific Rim and to help sustain economic growth through cooperation among the economies. The United States was the driving force behind APEC's creation as a means of anchoring the United States more firmly in the region in the post-Cold War era. The dynamic of APEC changed dramatically in 1993 when President Clinton invited the leaders of member economies to Blake Island, Washington, instituting what has become the annual Leaders' Meetings. This annual gathering of APEC leaders has become an important forum for solving regional economic and trade problems and for advancing APEC's ambitious "Bogor goals" - free and open trade for developed countries by 2010 and developing countries by 2020.

THIS YEAR, PRESIDENT CLINTON AND THE OTHER APEC LEADERS ARE WORKING TO ENSURE THAT ALL APEC MEMBERS WILL BENEFIT FROM THE NEW ECONOMY. THEY ARE FOCUSING ON THREE GOALS:

  1. Ensuring that all citizens will benefit from the New Economy by working to bridge the global digital divide, using information technology to promote growth and create new jobs, and applying information technology to business and government to improve efficiency and to enhance the quality of life;

  2. Continuing progress toward early launch of a new Round of WTO trade talks and ensuring that regional free trade agreements strengthen the multilateral trading system;

  3. "Delivering to the community" in areas such as poverty reduction, worker safety, child labor, environment, small business, social safety nets, education, health and infectious disease.
PRESIDENT CLINTON & APEC LEADERS ARE WORKING TOWARD REACHING THESE GOALS THROUGH DISCUSSIONS & ACTION IN A NUMBER OF KEY AREAS:

DETAILS OF THE APEC AGENDA

PRESIDENT CLINTON & APEC LEADERS WILL DEVELOP AN "ACTION AGENDA FOR THE NEW ECONOMY": The President and other APEC Leaders will advocate pro-competitive and market-based policies; liberalization of telecommunication and transportation services; efficient customs procedures, shipping and transportation; strong intellectual property protection; and initiatives to strengthen financial markets and make financial services more efficient. They will work on specific actions that will help all countries benefit from the New Economy, including:

PRESIDENT CLINTON & APEC LEADERS WILL WORK TO STRENGTHEN MARKETS AND BOOST GROWTH IN THE APEC ECONOMIES & MAKE PROGRESS TOWARD EARLY LAUNCH OF A NEW TRADE ROUND:

DELIVERING TO THE COMMUNITY: PRESIDENT CLINTON AND APEC LEADERS WILL AGREE ON INVESTMENTS IN PEOPLE AND TO REDUCE POVERTY:




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