Draft report on Bogor Goals in final phase: official

22:15, October 26, 2010      

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The process of an evaluation of the achievements made by member economies of the Asia-Pacific Economic Cooperation (APEC) regarding the Bogor Goals is in its final stage, an official of Japan's Ministry of Foreign Affairs said late Tuesday.

Kenji Hiramatsu, deputy director-general of the Ministry's Economic Affairs Bureau said the results will be submitted to the economic leaders' meeting for final approval, when briefing the foreign reporters on the expected outcome at Yokohama APEC in the next month.

However, the process had not been easy because there was no particular benchmark and levels to consult, he said, adding the government was working hard to make it easy to understand.

The Bogor Goals were adopted in 1994. It attempted to achieve " free and open trade and investment in the Asia-Pacific region no later than 2010 for industrialized economies and no later than 2020 for developing economies."

The five industrialized economies subject to assessment include Japan and the United States, while there are eight developing economies to be evaluated like China and Mexico on a voluntary basis.

The APEC involves such members as Australia, China, Japan and the United States, among others.



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