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(单词翻译:双击或拖选)
By Heda Bayron
Hong Kong
08 November 2006
As the 21 members of the Asia-Pacific Economic Cooperation (APEC) meet in Vietnam next week, questions have been raised whether the grouping can meet its free trade goal four years from now. The collapse1 of the global trade negotiations2 under the World Trade Organization (WTO) is putting pressure on APEC to take the trade liberalization agenda forward.
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APEC members agreed 12 years ago to create a free-trade zone that spans the Pacific beginning by 2010. But progress has been uneven3. Some governments are clinging to trade barriers to protect certain sectors4, such as agriculture, from foreign competition.
The slow progress has led some APEC members to negotiate preferential agreements with their major trading partners. Others - such as Southeast Asian nations, Japan, South Korea and China - have started forming their own free trade zones.
However, trade experts say these arrangements create exclusionary5 trade blocs6, defeating APEC's goal of expanding trade among its 21 members.
And they say the collapse this year of negotiations on the World Trade Organization's Doha agenda of trade liberalization does not help APEC's goals of liberalizing trade.
In a report issued a month before the summit, the APEC Business Advisory7 Council (ABAC) called on APEC leaders to re-evaluate their WTO positions and push to advance negotiations. Talks have been stalled largely by disagreements over how much developed economies, such as the United States and the European Union, should cut farm subsidies8, and how much developing economies should open their markets.
Tran Thien Cuong, the business council's executive director, based in Hanoi, says the WTO talks are critical to the economic development of many APEC members. Stalling liberalization, he says, will hurt economies that need foreign markets for their goods.
"Its effect to the whole economy in the region would be very bad,” he said. “We hope that with the political jolt9 from strong members in APEC we can revitalize the Doha negotiations."
But can APEC help push the global trade agenda?
APEC, which is holding its annual summit and ministerial meetings in Hanoi this month, groups most countries of the Pacific rim10. It includes some of the world's biggest economies, such as the United States and China, and many of the region's developing economies, such as Mexico and Indonesia.
Most of its members are major trade powerhouses - particularly in Asia, where most economies are based on export industries.
As more and more APEC countries negotiate preferential trade deals, experts say it is putting pressure on the rest to follow. Singapore, for instance, has at least 10 free trade agreements, including deals with its major trading partners - the United States, Japan and European Union.
Tran says the proliferation of these agreements has made business costly11 and more complex, adding layers of paperwork for trade transactions.
Instead of having standardized12 rules under the WTO, bilateral13 agreements produce different sets of requirements for trade to different countries.
Mark Thirlwell, an international economy expert at the Lowy Institute, a private policy group in Australia, says APEC could play an important role in solving such problems.
"There is a need for some kind of regional organization to come in and oversee14, sort of smooth out inconsistencies, try to make a more coherent policy,” he said. “The big advantage that APEC has of course is that it gets the United States in there. The United States is an overwhelmingly important trading partner for East Asia."
Some experts and business executives say it is time for APEC to adopt the proposed Free Trade Area of the Asia-Pacific that would encompass15 all APEC members and consolidate16 all existing bilateral and regional arrangements. It would create one of the world's largest trading blocs, representing about 60 percent of the world economy.
Thirlwell says those outside APEC would be marginalized, which could prompt them to revitalize the WTO negotiations.
"Because it would be such a big grouping it would encourage others outside APEC, particularly the Europeans, to be proactive within the Doha round," he added.
But experts warn that such a big entity17 could face the same obstacles that slowed the WTO talks - such as the reluctance18 of some members to open up politically sensitive markets.
With only four years to go before APEC's free trade deadline, experts and business executives say APEC leaders in Hanoi need to deliver on their promises to increase trade, or risk slowing all efforts to increase world commerce.
1 collapse | |
vi.累倒;昏倒;倒塌;塌陷 | |
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2 negotiations | |
协商( negotiation的名词复数 ); 谈判; 完成(难事); 通过 | |
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3 uneven | |
adj.不平坦的,不规则的,不均匀的 | |
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4 sectors | |
n.部门( sector的名词复数 );领域;防御地区;扇形 | |
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5 exclusionary | |
adj.排斥(性)的,排除在外的 | |
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6 blocs | |
n.集团,联盟( bloc的名词复数 ) | |
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7 advisory | |
adj.劝告的,忠告的,顾问的,提供咨询 | |
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8 subsidies | |
n.补贴,津贴,补助金( subsidy的名词复数 ) | |
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9 jolt | |
v.(使)摇动,(使)震动,(使)颠簸 | |
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10 rim | |
n.(圆物的)边,轮缘;边界 | |
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11 costly | |
adj.昂贵的,价值高的,豪华的 | |
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12 standardized | |
adj.标准化的 | |
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13 bilateral | |
adj.双方的,两边的,两侧的 | |
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14 oversee | |
vt.监督,管理 | |
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15 encompass | |
vt.围绕,包围;包含,包括;完成 | |
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16 consolidate | |
v.使加固,使加强;(把...)联为一体,合并 | |
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17 entity | |
n.实体,独立存在体,实际存在物 | |
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18 reluctance | |
n.厌恶,讨厌,勉强,不情愿 | |
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