Building Blocks Towards an Asia-Pacific Union

By Dana Gabriel http://nauresistance.org/archives/1517

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Although some may have viewed President Barack Obama’s recent Asian trip as uneventful and perhaps unsuccessful, he appears to have recommitted to the principles of globalization as the answer to the world’s economic woes. Obama declared his intentions for the U.S. to be fully engaged in Asia economically, politically, and in areas of security. He announced that America would join negotiations for a Trans-Pacific deal. This could be used as an opportunity for the U.S. to reassert its leadership in regards to trade initiatives and might also serve as a stepping stone for a larger free trade agreement.

The recent Asia-Pacific Economic Cooperation (APEC) Summit was held in Singapore and marked its 20th anniversary. It brought together world leaders, foreign, finance and trade ministers, along with other delegates from its 21 member nations. APEC was founded to promote greater trade and integration in the region, but its scope has expanded to include environmental, climate change, energy, as well as other issues. In a Statement by APEC Leaders, they agreed to a new growth paradigm for the Asia-Pacific region, endorsed the goals of the G20 Framework and rejected protectionism. The Leaders, “launched a pathfinder initiative led by Australia, Canada, Japan, Korea, New Zealand, Singapore, and the United States to practice self-certification of origin so that businesses can better take advantage of free trade agreements in the region.â€