Three Main Points Of APEC Lima Summit

The sixteenth informal meeting of APEC leaders will be held from 22 to 23 in Lima, Peru.

At this summit in Lima, how to tackle the global financial crisis will continue to be the focus. Promoting regional free trade and avoiding trade protectionism will also be on the agenda.

In addition, the leaders of the Asia Pacific Economic Cooperation (OECD) leader's appearance is also a highlight of the summit.

Financial crisis continues to heat up. At present, the financial crisis continues to bring severe challenges to world economic growth and financial market stability.

Leaders from different countries and regions have held intensive consultations recently. They have held Asia Europe summit, the premier meeting of the SCO member states and the leaders of the group of twenty leading the financial market and world economy summit.

At these meetings, the parties concerned have reached a number of consensus on how to deal with the financial and economic problems facing the world, and have achieved positive results.

But there are still differences between the concrete measures for reforming the international financial system and strengthening financial regulation.

There is still a certain gap between the requirements and objectives of developed and developing countries.

It is learned that the APEC Lima summit will make a statement on the global financial crisis, hoping to make it a "beneficial addition" to the final declaration of the twenty GP summit concluded in Washington.

The core of the Lima summit statement is expected to include stronger regulation of global capital markets, especially financial markets and increased developing countries' voice in the global financial system.

Free trade needs to be pushed forward. APEC has always been responsible for reducing trade and investment barriers and promoting regional economic growth since its establishment.

However, many countries and regions have adopted various trade protection measures to restrict imports of products in order to strengthen their protection of their industries and markets.

The rise of trade protectionism has not only led to increased internal friction and contradictions among many regional cooperation organizations around the world, but also hindered the process of regional integration and made the prospects for the Doha round of the already difficult world trade organization more bleak.

In the context of the current gloom of global economic recession, the principle of abandoning trade protectionism and continuing to promote free trade is expected to be highlighted at the Lima summit.

In addition, the Lima summit will continue to promote the negotiation and signature of free trade agreements among APEC members.

According to reports, the host Peru will announce during the meeting that other members of APEC will reach or are ready to negotiate bilateral FTA.

There are expectations for new faces. Every year at the APEC leaders' informal meeting, there will be "new people" appearing on the stage.

At the APEC Lima summit this year, the most striking new face is to push Russian President Medvedev.

After attending the Lima summit, he will also visit 3 Latin American countries such as Brazil, Venezuela and Cuba.

Russia has recently actively developed cooperative relations with Latin American countries such as Venezuela and Cuba, strengthened exchanges in the fields of energy and military affairs, so as to solve the "containment" of the US led western countries to Russia, so Medvedev's trip to Latin America has attracted much attention.

Taro Aso will attend the APEC leaders informal meeting for the first time this year as Prime Minister of Japan.

Asou's mood may be hard to relax because the news of Japan's economic downturn came at the opening of the APEC leaders meeting.

In addition, Australian Prime Minister Kevin Rudd and New Zealand Prime Minister John Ki will also appear at the APEC informal leadership meeting for the first time.

When the "new generation" appeared, the outgoing president Bush was in an awkward position.

The opposition and trade unions in Peru have said they will hold demonstrations to protest Bush's visit because they believe the United States is the initiator of the global financial crisis.