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APEC: In the media

APEC: In the media. Obama and Noda met in Hawaii with other national leaders. Asia-Pacific Economic Cooperation 21 member countries Started in 1989 From all sides of the Pacific Ocean Goal: To build strong regional economy Prevent economic conflicts . What is APEC?.

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APEC: In the media

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  1. APEC: In the media Obama and Noda met in Hawaii with other national leaders

  2. Asia-Pacific Economic Cooperation • 21 member countries • Started in 1989 • From all sides of the Pacific Ocean • Goal: To build strong regional economy • Prevent economic conflicts What is APEC?

  3. Monday, Nov. 7 -- Sunday, Nov. 13 • Top political leaders, like prime ministers, do not stay for the full event. • They arrive at the end. • Ministers and top staff members do most work. APEC dates

  4. APEC has not been as useful as hoped. • Difficult to find solutions. • Countries with largest populations: China, India, USA, Indonesia, Russia, Pakistan, Japan. • Developed nations (USA, Japan, Singapore). • Developing nations (China, India, Vietnam). In the past

  5. Many bilateral meetings

  6. Obama chose his home state of Hawai’i. • Events in Waikiki hotels and convention center. • Luau at the Hale Koa Hotel. • It is owned by the U.S. military and sits on a patch of government-owned land in Waikiki. • Nice place! Lots of space around it. Host Nation: USA

  7. Take a look. A few photos

  8. Convention Center

  9. Waikiki

  10. We once lived there

  11. Here is a video of his opening remarks. Obama’s toast

  12. Trans-Pacific Partnership agreement • Big story in Japanese media. • Nine nations have agreed to join. • Japan not sure, but Noda will join negotiations. • Some key issues for Japan-USA: • Quality of American beef. • Lower tariffs for Japanese car & electronics. • Lower tariffs on food produced outside of Japan. • Address Chinese trade pressure. TPP

  13. A required fee paid by outside company that sells goods in another country. • Japan’s car-makers pay a 2.5% tariff in the USA. • USA farmers pay high tariffs to sell food in Japan. What is a tariff?

  14. Australia, Brunei, Chile, Malaysia, New Zealand, Peru, Singapore, United States, and Vietnam. • USA recently made free-trade deal with South Korea. • South Korea car-makers = no tariff in USA. The nine nations

  15. Sets rules and removes fees for selling goods in another member country. • Creates winners and losers within each country. • Some industries gain better profits. Others can’t compete. • Are they always good deals? • In principle, free trade improves conditions. • Lower prices for consumers. • In reality, some people suffer from losses. • Situation now, without TPP, also is political. What is a trade agreement?

  16. The end -- Mahalo

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