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Pacific Rim1 leaders are preparing for their annual economic summit - a meeting sure to be dominated by the need for action to deal with the global financial crisis. VOA White House correspondent Paula Wolfson looks ahead to this year's APEC forum2 in Lima, Peru.President George W. Bush makes remarks at the Summit on Financial Markets and the World Economy in Washington |
This is expected to be U.S. President George Bush's final trip abroad while in office and his last formal summit.
But aides say Mr. Bush does not see this as a farewell tour. Instead, they say, the President plans to use the summit to draw attention to efforts to stimulate3 the world economy - especially through expanded free trade.
They say Mr. Bush will seek to build support in APEC - the Asia-Pacific Economic Cooperation forum - for measures endorsed4 last weekend by the leaders of the world's 20 largest economies to prevent a deep global recession.
He is also expected to seek a reduction in trade barriers, and to build on bilateral5 and regional free trade agreements already in place along the Pacific Rim.
Soldiers guard the government palace in Lima, where APEC summit will meet 21-23 Nov. 2008 |
Experts say what is likely to emerge is some sort of statement of aspirations6 and goals - a result very much in keeping with APEC tradition. It is not a formal organization, but rather a venue7 for discussion of key economic issues - a chance for leaders across the Pacific Rim to share thoughts and ideas.
Sidney Weintraub is a former senior U.S. State Department official who was involved in the early development of the APEC concept.
"Just by looking at the attendance you're getting at a meeting in Peru in the middle of other crises and other meetings and other summit meetings sort of shows that a lot of the leaders like this particular venue because it is a less pressure-filled venue than you get, for example, at the G-20, which just ended," Weintraub said.
There will also be numerous bilateral discussions on the sidelines of the summit. President Bush, for example, is expected to meet with the leaders of China, South Korea, Japan, Russia and Peru.
Experts in international trade and finance say these types of informal exchanges are key.
"There's always going to be a real value in having the broad-based fora at regional levels, whether it's APEC or the OAS [Organization of American States] or things in East Asia that deal with issues cross-border where you need a broad participation," said Steven Schrage, who is with the Center for Strategic and International Studies in Washington.
President Bush's initial APEC meeting was in Shanghai, China in November 2001. It was his first trip out of the United States after the September 11, 2001 terrorist attacks, and his stay lasted roughly 48 hours.
With a financial crisis unfolding in the United States, this trip will also be brief. Plans for other stops in the region were dropped weeks ago, leaving only the Lima summit on his schedule.
1 rim | |
n.(圆物的)边,轮缘;边界 | |
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2 forum | |
n.论坛,讨论会 | |
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3 stimulate | |
vt.刺激,使兴奋;激励,使…振奋 | |
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4 endorsed | |
vt.& vi.endorse的过去式或过去分词形式v.赞同( endorse的过去式和过去分词 );在(尤指支票的)背面签字;在(文件的)背面写评论;在广告上说本人使用并赞同某产品 | |
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5 bilateral | |
adj.双方的,两边的,两侧的 | |
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6 aspirations | |
强烈的愿望( aspiration的名词复数 ); 志向; 发送气音; 发 h 音 | |
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7 venue | |
n.犯罪地点,审判地,管辖地,发生地点,集合地点 | |
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