Asia-Pacific business leaders want successful completion of Doha round
12 May '06
2 min read
Asia-Pacific business leaders meeting as the APEC Business Advisory Council (ABAC) released a strong message from the region demanding that the Doha Round of trade negotiations be completed successfully.
“WTO negotiators have failed to reach consensus on agricultural and industrial goods market access and now the Doha Round stands at a critical crossroads,” said Mr. Hoang Van Dung, Chair of ABAC and ABAC member from Vietnam.
“ABAC members urge our governments to lead the global community in pushing the round forward to a successful and timely completion.
“ABAC will also be calling on businesses in Europe and around the world to support our call for the successful conclusion to the Doha negotiations.
Made up of senior business people that are hand picked by the Leaders of APEC's 21 Member Economies, ABAC meets four times each year in a different location to address issues of concern to the regional business community.
Through this process ABAC provides Leaders of APEC member economies with a business perspective on economic development in the region.
Chair of the ABAC Trade and Investment Liberalization and Facilitation Working Group and ABAC USA Representative, Mr. Michael L. Ducker, also highlighted the importance of a successful outcome to WTO DDA negotiations for not only for the Asia-Pacific, but for the global economy.
“ABAC believes a healthy multilateral trading system is the most effective way of ensuring global economic growth and economic development,” Mr. Ducker said at the conclusion of the ABAC Meeting.