Resolution on Economic and Trade Cooperation in the Asia-Pacific Region

APPF25-RES-15

25th Annual Meeting of the Asia Pacific Parliamentary Forum
15-19 January 2017

Resolution on Economic and Trade Cooperation in the Asia-Pacific Region

APPF25/RES/15

(Sponsored by the Russia, Japan, Korea and Mexico)

 

The 25th Annual Meeting of the Asia‐Pacific Parliamentary Forum;

Taking into account the resolution APPF24/RES.17: “Economy, Trade and Regional Value  Chains” adopted at the 24th APPF Annual Meeting in Vancouver in January 2016;

Welcoming the results achieved by the Asia‐Pacific Economic Cooperation (APEC) in 2016 in  guiding developments in each of the four areas of strengthening economic relations in the  Asia‐Pacific region and supporting the recommendations contained in the Declaration  “Quality Growth and Human Development” adopted by the APEC Leaders in Lima on  November 21, 2016;

Welcoming the results of the G20 Summit in Hangzhou in September 2016, first of all, the  determination of the participants to promote economic and employment growth and  the Action Plan adopted for these purposes;

Highly appreciating the results of 25 years of the dialogue partnership in the APPF area on a  wide range of issues including economy, trade and sustainable development which  contributed to improving relations between our countries and to stability and prosperity in  the Asia‐Pacific region;

Emphasising that vigorous international trade, investment activity and economic integration  are key to robust, sustainable and balanced growth;

Confirming protectionist measures in trade and investment may negatively influence the  world economy, at a time of heightened tensions and significant downside risks for the  global economy;

Noting that the remaining risks and uncertainties in the global economy including insufficient  demand growth rate, financial volatility and structural problems, fall in primary goods  prices, deepening inequalities, aggravating employment challenges, and slowing down of the international trade expansion rate aggravate the state of the global economy and the  prospects for its development;

Recognising that women’s economic empowerment is a way not only to reduce poverty but  also enhance gender equity as it contributes to a stronger economic growth which contributes to poverty reduction and enforcement in an effective way and that in this sense  trade is a way to achieve such empowerment;

Noting that unhindered access to integrated participation in economic activities for all social  groups, i.e. young people, people with limited abilities, indigenous people, low income  people, as well as to micro, small and medium‐sized enterprises (MSMEs) is an important and comprehensive growth factor;

Reiterating the primacy and the leading role of the multilateral trade system under the  auspices of the World Trade Organisation (WTO); and

Continuing to upgrade the dialogue partnership on the basis of the principles of equality,  mutual benefit and common responsibility for maintaining peace and security to achieve  prosperity, and economic growth in the Asia‐Pacific region for the sake of moving to  strategic partnership;


RESOLVES TO:

1. Reaffirm that the main objectives of regional economic cooperation in the Asia‐Pacific  region are balanced, comprehensive, sustainable, innovative and safe growth,  enhancement of a regional food market, modernisation of MSMEs, and development of  human capital;

2. Affirm the importance and the primacy of the universal, rules‐based, transparent, non‐ discriminatory, open and fair multilateral trade system based on the WTO principles;

3. Promote the regular exchange of views and best practices amongst interested parties  on the issues of the legal base of trade and investment in the Asia‐Pacific region including  the matters of mutual trade agreements;

4. Support opportunities for interaction between parliament of APPF Member States and  business communities, inter alia, through business, trade and investment forums,  conferences, seminars and round tables bearing in mind increasing the awareness of the  business community of the opportunities and benefits of doing business in the region;

5. Promote actively investments in human capital and contribute to the establishment of  conditions for unhindered access of the population of the Asia‐Pacific region to economic  activities;

6. Commit to strengthen efforts to support a gender equality perspective and the  empowerment of women in parliaments of the APPF Member States, and call on the  APPF’s members to promote measures that encourage women’s professional  development in the Asia‐Pacific region, as well as to strengthen the access of women and  girls to education;

7. Render legislative support to the development of balanced economies in the Asia‐Pacific  region to become capable of withstanding emergencies and shocks;

8. Affirm the importance of attracting private investment for regional infrastructure  development, as well as for public and private partnerships intensification for these  purposes;

9. Contribute to the establishment of a favourable innovative climate and to promoting  employment and economic growth in the Asia‐Pacific region through enhanced  intellectual property protection legislation and enforcement, thus stimulating creativity  and innovation as well as intellectual property management and non‐discriminatory  business environments;

10. Affirm the determination to comprehensively and consistently promote the process  towards implementation of the concept of the Free Trade Area of Asia‐Pacific (FTAAP) as  the key instrument for a more profound economic integration in the Asia‐Pacific region  and as a comprehensive agreement on free trade based on all existing integration  initiatives;

11. Reaffirm the importance of realising Free Trade Agreements (FTA) in the Asia‐Pacific  region;

12. Agree to reverse protectionist measures that disrupt trade, stop progress and limit the  international economic recovery;

13. Call upon parliaments and governments of APPF Member States to continue working to  establish guarantees that bilateral, multilateral and regional trade agreements are  transparent, inclusive, conforming to the WTO regulations and favourable to the goals of  multilateral trade systems; and

14. Continue monitoring the implementation of measures set out in the present resolution for  the benefit of creating a seamless regional economy.



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Resolution on Economic and Trade Cooperation in the Asia-Pacific Region

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