Canada wants no exemption in trade<\/p>\n
JAKARTA (JP): International Trade Minister of Canada Roy
\nMacLaren has made his country's stand on APEC's next meeting very
\nclear, saying that no exemption should be made in pursuing trade
\nliberalization among members of the Asia Pacific Economic
\nCooperation (APEC) forum.<\/p>\n
After a meeting here yesterday with Indonesian Trade Minister
\nSatrio B. Joedono, MacLaren said that he believes an agreement to
\nthat effect will be reached during the next APEC meeting in
\nOsaka, Japan, later this week.<\/p>\n
He said that Canada will continue to stick to the Bogor
\nDeclaration, which was adopted by APEC leaders at their last
\nsummit in the West Java town of Bogor last November. The
\nagreement stipulates the year 2010 as the trade liberalization
\ndeadline for developed countries and 2020 for the developing
\ncountries of APEC.<\/p>\n
The Osaka meeting is expected to result in a number of follow-
\nup programs to the Bogor declaration. However, progress could be
\nhindered by the interests of Japan, China, South Korea and
\nTaiwan, which are asking that agricultural products be exempted
\nfrom the trade liberalization.<\/p>\n
The Asian countries' request was quickly countered by the
\nU.S., Australia, and New Zealand, who fear that such a demand
\ncould set a precedent for other member countries to ask for
\nsimilar treatment for other goods.<\/p>\n
Opposition<\/p>\n
Canada will oppose the request to exempt agricultural products
\nfrom the trade liberalization, said MacLaren, who was accompanied
\nby 12 leaders of Canada's most prominent corporations, many of
\nwhich are actively pursuing new investment and commercial
\nopportunities in Indonesia.<\/p>\n
He pointed out that trade liberalization among APEC member
\ncountries is a preparatory step toward the implementation of
\nworld trade liberalization under the World Trade Organization.<\/p>\n
The Canadian firms include Nova Corporation, Gulf Canada
\nResources\/Asamera Oil, Asia Power Capital Group, Agra
\nInternational, TransCanada Pipelines, Harris-Farinon, Lanser
\nTechnologies, SR Telecom, Novagas International, SNC-Lavalin,
\nAtomic Energy of Canada, Klockner Stadler Hurter and the Export
\nDevelopment Corporation of Canada.<\/p>\n
During his visit here -- before moving on to the APEC
\nMinisterial Meetings in Osaka on Nov. 15 -- the Canadian minister
\nwill meet with senior Indonesian government and business leaders
\nto discuss opportunities for increased trade, technology and
\ninvestment ventures in Indonesia.<\/p>\n
Indonesia is Canada's largest export market in the ASEAN
\nregion, with two-way trade growing more than 15 percent per year.
\nBilateral trade is expected to reach 1.1 billion Canadian dollars
\nthis year.<\/p>\n
Canada is also an important foreign investor in Indonesia,
\nwith approximately five billion Canadian dollars in capital
\noutlays in the country.(12)<\/p>",
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"sponsor": "Okusi Associates",
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