BajaTraveler® covers APEC in Los Cabos
WORLD LEADERS JOIN IN LOS CABOS TO DISCUSS RECOVERY & SECURITY
Ministers from Australia; Brunei Darussalam; Canada; Chile; the People’s Republic of China; Hong Kong, China; Indonesia; Japan; the Republic of Korea; Malaysia; Mexico; New Zealand; Papua New Guinea; Peru; the Republic of the Philippines; the Russian Federation; Singapore; Chinese Taipei; Thailand; the United States and Viet Nam participated in the Fourteenth Asia-Pacific Economic Cooperation (APEC) Ministerial Meeting in Los Cabos on 23-24 October 2002. The APEC Secretariat was present. The Association of South-East Asia Nations (ASEAN) Secretariat, the Pacific Economic Cooperation Council (PECC), and the Pacific Island Forum (PIF) attended as observers.
The meeting was chaired by H.E. Mr. Luis Ernesto Derbez, Minister of the Economy, and H.E. Jorge Castañeda, Minister of Foreign Affairs, of Mexico.
The meeting took place in the context of continuing recovery from last year’s economic slowdown, including the impact of September 11, although some uncertainties and risks regarding the strength and pace of the economic expansion remain. Ministers expressed their commitment to a sound macroeconomic and financial environment, the promotion of good corporate governance, and the common goal of free and open trade and investment in order to increase growth and improve living standards.
The theme for APEC 2002 was “Expanding the Benefits of Economic Cooperation for Growth and Development. Implementing the Vision”, with the following sub-themes:
- Policies for Sustained Growth and the New Economy;
- Building Capacities to Reap the Benefits of Globalization; and
- Making APEC more Relevant to Our Communities
