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Post-Summit Promises and the ERTF Card

Tuesday, October 22, 2013

APEC leaders and CEOs have come and gone, taking with them more commitments than contracts. Nevertheless, the mood at the end of the high-level summit was one of cautious optimism.

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The naysayers declared that the gathering in Bali, early this month achieved no major deals nor breakthroughs in resolving key issues on trade and investment liberalization,the primary goal of the Asia-Pacific Economic Cooperation or APEC since its inception in 1989. Instead, they said, it became a battleground between proponents of the US-led Trans-Pacific Partnership (TPP) against the Regional Comprehensive Economic Partnership (RCEP), which

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