KUALA LUMPUR, Nov 16 (Bernama) — Deputy Prime Minister Datuk Seri Mohd Najib Tun Razak will lead the Malaysian delegation to the 16th Asia Pacific Economic Cooperation (Apec) Economic Leaders’ Meeting in Lima, Peru, from November 22-23.
The Apec meeting comes amid the global economic crisis with some member economies already slipping into recession with many others deeply concerned over the impact the crisis will have on their respective economies.
Najib, who is also Finance Minister, would join Asia-Pacific leaders to discuss issues such as the global financial crisis, escalating food prices, energy security and the World Trade Organisation (WTO) Doha Development Agenda negotiations, the Ministry of Foreign Affairs said in a statement here today.
Other issues include regional economic integration, corporate social responsibility, climate change, human security and disaster relief coordination.
The theme for the Apec meeting this year is “A New Commitment to the Development of the Asia Pacific.”
Apec, a forum set up in 1989, for 21 Pacific Rim member economies to discuss issues on regional economic cooperation, trade and investment, accounts for 55 percent of the world’s gross domestic product and 49 percent of global trade.
Malaysia hosted the summit in 1989 during which current host Peru was admitted as a member of the Apec forum.
Najib would also be participating at the APEC Business Advisory Council (Abac) dialogue with business leaders from the 21-member economies which represents the region’s business community.
He is also scheduled to hold bilateral meetings with several Apec leaders.
The Apec annual summit would be preceded by the Apec ministerial meeting (AMM) on Nov 19-20 and Apec senior officials meeting on Nov 16-17.
Minister of Foreign Affairs Tan Sri Rais Yatim will be deliberating issues on counter terrorism, health and emergency preparedness in the AMM.
Minister of International Trade and Industry Tan Sri Muhyiddin Yassin will deliberate issues on the global economy, WTO Doha Round, regional economic integration and CSR.
Both ministers will also be meeting with several of their counterparts for bilateral meetings on the sidelines of AMM.
A notable tradition by leaders at Apec meetings is the wearing of national costumes of the host country.
Last year, Australia hosted the summit in Sydney.
The outcome of the leaders’ meeting will be documented in a Joint Leaders’ Declaration while the 20th AMM outcomes will be documented in the Joint Ministerial Statement.
Apec’s 21 member economies comprise Australia, Brunei, Canada, Chile, Hong Kong, China, Indonesia, Japan, South Korea, Malaysia, Mexico, New Zealand, Papua New Guinea, Peru, the Philippines, Russia, Singapore; Taiwan, Thailand, United States and Vietnam.
Source : Bernama