Resolution on Economy and Trade


20th Annual Meeting of the Asia Pacific Parliamentary Forum
8-12 January 2012

Resolution on Economy and Trade



(Co-Sponsored by Australia, Canada, Chile, Indonesia, Japan, Korea, Malaysia, Mexico, Micronesia, New Zealand and Russia)


Noting the “Resolution on Economy and Trade” which was adopted in the 19th Annual Meeting of the Asia Pacific Parliamentary Forum in January 2011, the “G20 Cannes Summit Leaders’ Declaration” in November 2011 and the Leaders’ Declaration: “The Honolulu Declaration” which was adopted in the 9th APEC Economic Leaders’ Meeting in November 2011;

Affirming that the world economy as a whole, and the Eurozone in particular, is experiencing a weak recovery and that concern for the financial system could cause downside risks;

Reconfirming that our priority task is supporting sustainable and balanced economic growth both in the region and the world as a whole and ensuring the effectiveness of the international financial regulatory and supervisory system;

Confirming that at a time of heightened tensions and significant downside risks for the global economy, protectionist measures in trade and investment undermine economic activities;

Welcoming each country’s commitment towards realizing stability of growth, employment and financial markets in international meetings such as the G20 Summit and the APEC Economic Leaders’ Meeting;


1. Call upon countries to continue to implement effective fiscal and monetary policies and to coordinate the policy of each country relative to its situation in order to respond to downside risks and ensure the stability of the economy and employment;

2. Confirm that member countries should exchange views on the occasion of the annual meetings of the APPF aiming at policy coordination in the region and continue to oversee policies in each country in order to correct imbalances in economies and monetary and financial markets and thus ensure their soundness;

3. Request governments, with a view to the promotion of green growth, which enhances situation, so as to reach sustainable, balanced and fair development for all regions of the planet;

13. Confirm that across-the-board cooperation, relaxation or elimination of economic regulations, streamlining and coordination of tariff-related procedures and removal of bureaucratic inefficiencies may serve as a catalyst for building a global cooperation system;

14. Welcome the concrete results achieved at APEC 2011 in each field designed to strengthen the economic relationship in the Asia-Pacific region, which is the world’s growth center, and affirm that the parliaments of member countries should make efforts to take the measures mentioned in this resolution with a view to the realization of a seamless regional economy.


Resolution on Economy and Trade

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