Seoul Declaration

Seoul Declaration in Global Commerce Policy

In this regard, a definition of this issue is as follows: the declaration on APEC objectives made at the November 1991 APEC Ministerial Meeting in Seoul. The four objectives are: (i) to sustain the growth and development of the region for the common good of its peoples and, in this way, to contribute to the growth and development of the world economy; (ii) to enhance the positive gains, both for the region and the world economy, resulting from increasing economic inter-dependence, including by encouraging the flow of goods, services, capital and technology, (iii) to develop and strengthen the open multilateral trading system in the interest of Asia-Pacific and all other economies, and (iv) to reduce barriers to trade in goods and services and investment among participants in a manner consistent with GATT principles, where applicable, and without detriment to other economies. See also Bogor Declaration and Osaka Action Agenda.[1]

Seoul Declarationin the wold Encyclopedia

For an introductory overview on international trade policy, see this entry.

Resources

Notes and References

1. Dictionary of Trade Policy, “Seoul Declaration” entry (OAS)

See Also