The ABAC delegation of Taiwan (APEC Business Advisory Council) Thursday held a press conference before heading for the APEC business summit scheduled on September 6th and the ABAC annual meeting on September 3rd respectively.
Theodore Huang, chairman of Chinese National Association of industry & Commerce, Henry C.S. Kao, vice chairman of I-Mei Foods Co., Ltd and Dr. Jeffery L.S. Koo, CEO of Chinatrust Financial Holding Company Ltd, were invited to join the delegation. They are expected to submit an advisory proposal to John Howard, Prime Minister of Australia and Chair of Asia-Pacific Economic Cooperation.
Dr. Jeffery Koo indicated in the news conference that climate change, trade & investment liberalization and energy security are the key concerns which the ABAC delegation would address in this summit.
"The members of the ABAC continue to reiterate our belief that options for the future, such as, a Free Trade Area of the Asia Pacific (FTAAP) would provide a window of opportunities to advance trading and investment liberalization," said Henry C.S. Kao in the conference, adding that "In pursuit of these objectives, the priority for the ABAC will be directed to enhance the convergence of regional trade agreements in Asia Pacific."
"The ABAC calls for increased effort by the APEC to develop business-centered model measures for any new regional trade agreement and to encourage compliance by economies negotiations." Kao added.
Chih-peng Huang, director general of Bureau of Foreign Trade, Ministry of Economic Affairs, wished the ABAC delegation great success in the APEC summit.
Picture shows David Y.L. Lin (left), Chih-peng Huang (center), and Henry C.S. Kao (right) at the news conference.