It is launching an initiative to develop a set of banking standards which may be adopted APEC-wide.
This is precisely the APEC-alternative Mahathir had in mind when he floated the notion of an East Asian Economic Caucus several years ago.
McNERNEY: Mr. President, few forums are watched more closely by those of us in the business community than APEC -- testimony to the extraordinary opportunity it represents for both sides of the Pacific Rim.
On Nov. 18 and 19 in Manila, deputy finance ministers and central bank officers from 14 Pacific Rim nations -- all members of APEC -- discussed the possibility of establishing for Asia some manner of economic assistance fund similar to or in conjunction with the International Monetary Fund.
Do you see other APEC countries joining -- the obvious question is Japan?
He will travel on from Cuba to Peru where he will attend the Apec (Asia-Pacific Economic Co-operation) summit in Lima on 21 and 22 November.
Last week, I had the opportunity to speak at the Asia-Pacific Economic Cooperation (APEC), the leading Asia-Pacific economic forum.
More progress is expected when leaders gather at the weekend in Mexico for the APEC summit of Asia-Pacific nations.
First, Japan and the United States, at this meeting of APEC, of pan-Pacific countries, we shall step up our cooperation.
WHITEHOUSE: InterContinental Yokohama Grand Hotel, Yokohama, Japan
Women are key to our future economic growth and stability, said Secretary of State Hillary Clinton at the first-ever APEC Summit dedicated to women and the economy last Friday.
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We are also committed to working together to develop high standard trade and investment rules in the region and promote regional economic integration, consistent with the long-term objective of the APEC economies to develop a Free Trade Area of the Asia-Pacific (FTAAP).
He was speaking ahead of the start of the Asia-Pacific Economic Co-operation (Apec) summit.
The people of the APEC region have important non-met medical needs that our products and services can help meet.
The Asia-Pacific Economic Co-operation Forum (Apec), set up in 1989 mainly to promote trade among Pacific Rim states, now accounts for more than half of global economic output and almost half of all international trade.
This year, the United States is hosting Asia-Pacific Economic Cooperation (APEC) annual meetings for the first time since 1993.
Fitting then that President Obama will host the Asia Pacific Economic Cooperation (APEC) leaders meeting at the East-West Center in November.
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Significantly, he has invited President Lula to visit Peru when it hosts the November summit of the 21 Pacific Rim countries of the Asia-Pacific Economic Cooperation (APEC) forum.
The leaders agreed to derive policies to enable the people of urban, provincial and rural communities in every APEC economy to have individual or community-based access to information and services offered via the Internet by 2010.
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Apec ministers are meeting in Jeju in the run-up to the organisation's annual summit in November.
The Apec summit, a high profile meeting between Asia-Pacific leaders, will take place there next year.
We also need to work with regional partners to build a multi-layered network that is open, comprehensive and building on international rules utilizing such frameworks as trilateral dialogues among Japan-U.S.-ROK and Japan-U.S.-Australia, East Asia Summit and APEC.
And I would like to express my deep appreciation for hosting us in -- here in Honolulu as the chair of APEC.
WHITEHOUSE: Remarks by President Obama and Prime Minister Noda of Japan
The Partnership will build upon the existing energy initiatives in the region, including the ASEAN-United States Energy Cooperation Work Plan, the APEC Energy Working Group, the East Asia Summit Energy Ministers and other forums to expand practical cooperation across the region, promote greater energy connectivity and integration, and encourage collaborative work across these and other forums, including through joint capacity building efforts.
The United States is working in our APEC host year to build toward a seamless regional economy in the Asia-Pacific.
As you know, APEC accounts for 55 percent of global GDP and is growing faster than the global average -- significantly faster.
The year also tested - some would say threatened - the viability of the region's two most important multilateral groupings, APEC and ASEAN.
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