« coffee break | トップページ | coffee break »

2009年11月16日 (月)

APEC 危機後の成長戦略をどう描く

The Yomiuri Shimbun (Nov. 16, 2009)
APEC growth strategy needed in postcrisis era
APEC 危機後の成長戦略をどう描く(11月16日付・読売社説)

Leaders of Pacific Rim economies have hammered out a vision for strengthening their unity to realize sustainable growth in the region in the post-financial crisis era.

The Asia-Pacific Economic Cooperation forum ended its two-day summit meeting in Singapore on Sunday. The leaders of its members--21 countries and regions, including Japan, China and the United States--adopted a joint declaration and a joint statement concerning the regional economic growth.

The most significant point of the latest summit meeting was that the joint declaration stipulates that the APEC leaders will draw up a comprehensive long-term economic growth strategy next year, when Japan chairs APEC meetings. The declaration also stressed that the leaders will maintain economic stimulus policies until a durable economic recovery has clearly taken hold.

APEC is a gigantic economic bloc that accounts for half of global gross domestic product. Led by APEC as the center of growth, the global financial crisis has finally got out of the worst.


Asia overreliant on U.S.

However, prospects for a full-fledged economic recovery remain uncertain. The Asia-Pacific economies, therefore, expressed their resolve to strengthen cooperation and serve as an engine to drive the global economy after overcoming the crisis.

The joint statement on a "new growth paradigm" envisages future growth that is compatible with global climate change efforts, and balanced growth.

Asian countries allowed the financial crisis to worsen by remaining heavily dependent on exports to the United States, a country that consumes more than it needs. Also, economic disparities have widened in the region. All these lessons are behind the adoption of the joint statement.

Prime Minister Yukio Hatoyama emphasized his proposal of making global-warming countermeasures part of the the region's growth strategy. At the summit meeting, the leaders also agreed on the importance of seeking a political agreement on a post-Kyoto Protocol framework to tackle global warming.

What kind of new growth strategy will APEC, which includes the United States and China--the largest carbon dioxide emitters--as its members, come up with? The leadership of Japan, the next APEC chair, will be severely tested on this point.


Free trade area envisaged

The joint declaration also rejects protectionism and stipulates that APEC leaders will continue to explore ways to build a free trade area in the Asia-Pacific that covers APEC.

The declaration marks a step forward for APEC, apparently reflecting the stance of U.S. President Barack Obama of putting importance on Asia.

In the Asia-Pacific region, various ideas for economic cooperation, including Hatoyama's pet concept of an East Asian community, exist. The most important thing is to promote open regional cooperation that includes the United States. A road map is needed for the realization of the large free trade zone concept.

The trade and investment liberalization that APEC agreed upon must be steadily implemented to this end. Concrete progress should be made by the end of 2010, a year targeted by APEC's more developed members to achieve the liberalization.

In addition, it is also important that APEC play a leading role in settling the stalled Doha Round of free trade negotiations under the World Trade Organization by the end of next year.

(From The Yomiuri Shimbun, Nov. 16, 2009)
(2009年11月16日00時57分  読売新聞)


« coffee break | トップページ | coffee break »





« coffee break | トップページ | coffee break »