Hillary Clinton hopes 2011 APEC Forum to yield lasting benefits

15:38, March 10, 2011      

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US Secretary of State Hillary Clinton delivers remarks to open the first Senior Officials Meeting (SOM) of the 2011 Asia Pacific Economic Cooperation (APEC) forum in Washington D.C., capital of the United States, March 9, 2011. (Xinhua/Zhang Jun)

U.S. Secretary of State Hillary Clinton said here Wednesday that she hoped that the 2011 Asia Pacific Economic Cooperation (APEC) Forum would yield real and lasting benefits for all member economies and their people, as APEC member economies were set to meet at a moment of "fast and far-reaching change."

Transformations that many of the APEC economies have experienced in recent years have remade the region and the world, as hundreds of millions of people have climbed out of poverty, Clinton said Wednesday at the First Senior Officials Meeting for the APEC Forum.

The 2011 APEC Forum will be hosted by the United States.

Clinton said that the rise in prosperity and decline in poverty occurring throughout the Asia Pacific region were a direct result of greater trade and investment.

She noted that the region was facing with an array of emerging challenges, including food and fuel prices spike, greenhouse gas emissions and environmental protection, among others.

"Meanwhile, growth has shifted the geopolitical order of our region and the world as new centers of influence have emerged and new dynamics have developed between and among our nations," she added.

"Although APEC is comprised of just 21 economies, together we generate more than half of global output and nearly half of global trade. Six out of ten of the largest trading partners of the United States are in the region, and our exports to this region are growing much faster than those to any other part of the world, " she said.

Source: Xinhua

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