On September 08, the 20th APEC Economic Leaders’ Meeting kicked off in Vladivostok, Russia. Leaders from 21 economies declared four priorities on the agenda:
Trade and investment liberalization, regional economic integration;
strengthening food security;
establishing reliable supply chains;
intensive cooperation to foster innovative growth.
The Asia –Pacific region has been the drive of growth for global economy. Undoubtedly, the leading role of growth implies shared responsibility for economic recovery. Deeping regional cooperation and integration was the center-piece of the meeting. President Putin, in his opening remarks, stressed the importance to follow fundamental principles of open markets and free trade and called for an “action-orientated, focused, courageous and visionary” cooperation for economic growth and global recovery.
U.S. Trade Representative Ron Kirk visited Vietnam on September 2, after visiting Cambodia 1at the first U.S.-ASEAN Business Summit on August 3. His visits were to deepen and strengthen trade and investment between the United States and Southeast Asian nations.
Ambassador Kirk and Cambodian Minister of Commerce Cham Prasidh announced that the U.S. and Cambodia have started to explore a potential bilateral investment treaty (BIT). During Kirk’s visit in Vietnam, he also seeks to strengthen bilateral ties, advance Trans-Pacific Partnership (TPP) and regional economic integration. The visits set the stage for the fourteenth round of Trans-Pacific Partnership negotiations, which will take place in Leesburg, Virginia, September 6 – 15.