Ponolulu unlLed SLaLes 10 nov 2011

ALC promoLes [ob creaLlon green growLh aL Ponolulu meeLlng say uS Senlor Cfflclals
Senlor offlclals from Lhe 21 member economles of Lhe Aslaaclflc Lconomlc CooperaLlon (ALC) forum
worked Lo flnallze Lhelr recommendaLlons Lo MlnlsLers and Leaders Lhls week as Lhey meL for Lhe flnal
Llme Lhls year ALC alms Lo promoLe susLalnable growLh and faclllLaLe [ob creaLlon by deepenlng
reglonal economlc lnLegraLlon

uS Ambassador for ALC kurL 1ong who chalred Lhe meeLlng was pleased wlLh Lhe sLrong progress
made slnce Lhe prevlous meeLlng ln San lranclsco ln SepLember enabllng Lhe senlor offlclals Lo presenL
a robusL package of amblLlous recommendaLlons Lo Lhelr MlnlsLers and Leaders laLer ln Lhe week

uS resldenL 8arack Cbama wlll hosL Lhe ALC Lconomlc Leaders' MeeLlng here on november 12 and
13

ALC represenLaLlves recommended ways Lo bulld Loward a seamless reglonal economy by advanclng
Lhree prlorlLles ln 2011 sLrengLhenlng reglonal economlc lnLegraLlon and expandlng Lrade and
lnvesLmenL encouraglng green growLh and advanclng regulaLory cooperaLlon and convergence ln order
Lo reduce Lhe barrlers LhaL buslnessesespeclally smaller companlesface ln Lhe reglon

Cur MlnlsLers and Leaders now have a greaL seL of pollcy recommendaLlons Lo conslder when decldlng
how besL Lo promoLe cooperaLlon and enhance prosperlLy LhroughouL Lhe reglon" Ambassador 1ong
sald

ALC offlclals proposed ways Lo address barrlers Lo Lrade and lnvesLmenL lncludlng work on nexL
generaLlon" lssues LhaL buslnesses confronL Loday LhroughouL Lhe reglon Lhereby encouraglng Lhe
growLh of buslnesses and Lhe creaLlon of new [obs

Senlor offlclals dlscussed how ALC can make progress Lo caLalyze envlronmenLally susLalnable growLh
encourage Lhe Lrade of envlronmenLal goods and servlces and fosLer Lhe lmplemenLaLlon of
envlronmenLally responslble pollcles and sLandards ALC senlor offlclals also made sLrldes Loward
advanclng cooperaLlon and convergence ln regulaLlons beLween economles so LhaL buslnesses can
Lrade more easlly LhroughouL Lhe reglon

Cur buslness communlLy parLlcularly small and medlumslze companles should be qulLe pleased by
Lhe quallLy and number of concreLe ouLcomes Lhe unlLed SLaLes and lLs ALC parLner economles have
achleved ln 2011 parLlcularly ln our prlorlLy areas of sLrengLhenlng reglonal economlc lnLegraLlon
promoLlng green growLh and advanclng regulaLory convergence and cooperaLlon" sald Wendy CuLler
AsslsLanL uS 1rade 8epresenLaLlve for !apan korea and ALC Affalrs

Cur hard work and cooperaLlon on Lhese lssues should conLlnue Lo yleld beneflLs Lo all our sLakeholders
for many years"

ln addlLlon Lo packaglng Lhe recommendaLlons for Leaders Lhe senlor offlclals also adopLed Lhe ALC
ConsolldaLed CounLer1errorlsm and Secure 1rade SLraLegy Lo beLLer promoLe a secure envlronmenL
conduclve Lo growLh and prosperlLy ln Lhe ALC reglon launched an ALC 1ravel laclllLaLlon lnlLlaLlve Lo
make Lravel LhroughouL Lhe reglon easler fasLer and more secure and agreed Lo a reporLlng sysLem Lo
Lrack economles' progress as Lhey phase ouL lnefflclenL fossllfuel subsldles

ALC's work ln Lhese areas ls maklng an lmporLanL conLrlbuLlon Lo sLrengLhenlng reglonal lnLegraLlon
and expandlng Lradeand wlll move economles ln Lhe reglon closer Lo achlevemenL of Lhe vlslon of a
free Lrade area of Lhe Aslaaclflc (l1AA) a nexLgeneraLlon Lrade agreemenL removlng barrlers Lo
Lrade LhroughouL Lhe ALC reglon

ln addlLlon Lhere are several oLher ALC meeLlngs ln Ponolulu durlng Leaders Week Lhe Senlor llnance
Cfflclals' MeeLlng Lhe uepuLy llnance MlnlsLers' MeeLlng Lhe llnance MlnlsLers' MeeLlng Lhe ALC
MlnlsLers MeeLlng (durlng whlch forelgn and Lrade MlnlsLers meeL [olnLly) and Lhe ALC Lconomlc
Leaders' MeeLlng

ueLalls abouL ALC meeLlngs evenLs pro[ecLs and publlcaLlons can be found aL wwwapecorg or
wwwapec2011gov ?ou can also follow ALC on 1wlLLer and [oln us on lacebook






APEC`s ultimate goal: a seamless regional economy
Issued by the 19th APEC Economic Leaders` Meeting
Today US President Barack Obama hosted leaders oI the oI the Asia-PaciIic Economic
Cooperation (APEC) Iorum in Honolulu, Hawaii.

With the adoption oI the "Honolulu Declaration," leaders agreed to take concrete steps toward
building a 'seamless regional economy that will generate growth and create jobs in three
priority areas: strengthening regional economic integration and expanding trade, promoting
green growth, and advancing regulatory convergence and cooperation.

Photos and video are available oI the meeting.

Leaders agreed to address two key next generation trade and investment issues Iacing the region.
They committed to help small and medium-sized enterprises grow and better plug into global
production chains. They also committed to promote eIIective, non-discriminatory and market-
driven innovation policies, including by not conditioning government preIerences on commercial
goods and services on the location oI the development or ownership oI intellectual property.

Economies agreed to develop by 2012 a list oI environmental goods that contribute to green
growth and sustainable development on which economies are resolved to reduce applied tariII
rates to Iive percent or less by the end oI 2015. Economies will also eliminate non-tariII barriers,
including local content requirements that distort environmental goods and services trade. The
APEC economies also decided to phase out ineIIicient Iossil Iuel subsidies, setting up a reporting
mechanism to track progress, and raised their APEC-wide energy intensity reduction target, to 45
percent by 2035.

Leaders committed to take speciIic steps by 2013 to implement good regulatory practices in their
economies, including by ensuring internal coordination oI regulatory work; assessing regulatory
impacts; and conducting public consultation.

Leaders also expressed deep concerns regarding the impasse conIronting the Doha Development
Agenda.

'Fresh thinking involving innovative approaches is required, including possibilities that involve
advancing speciIic parts oI the Doha agenda where consensus might be reached on a provisional
or deIinitive basis, Leaders said in their Declaration.

Given the precarious position oI the global economy, Leaders also shared their views on the state
oI the global economy, the sources oI global growth, and what it means Ior job creation.