The Importance of the Osaka Meetings

It was agreed at last year's meeting to endorse the APEC Economic Leaders' Declaration of Common Resolve (the Bogor Declaration), which includes the commitment to achive free and open trade and investment within the Region by the year 2010 in the case of the advanced economies.

The Osaka APEC Meetings will be crucial in discussing Action Agenda for implementing that commitment. As such, they will be closely watched by all nations of the world.

Kansai: The setting for the Osaka APEC Meetings, and a thriving center of economic activity second only to the Tokyo area.

In addition to its geographical proximity, the Kansai region of Japan has enjoyed an extremely close relationship with the Asia- Pacific region since ancient times through a wide range of exchanges encompassing trade, human interaction, culture, and the arts.

Even today, traces of the influence received through this multifac- eted interaction with the Asia-Pacific region can be seen through- out Kansai in historic buildings, traditional arts, performance arts, and so forth.

Modern Kansai, with a rich tradition of creativity and versatility supported by a bold enterpreneurial spirit, is so dynamic in its economic activity that its economy is actually equivalent in scale to that of a G7 nation.

With a long list of major development projects, including the open- ing of Kansai international Airport-Japan's first 24-hourairport- and the construction of Kansai Science City, Kansai is rapidly lay- ing the foundations for becoming a truly internationalized metro- politan area open to the world.

Thus, for the Kansai region, with its geographic and histrical rela- tionship to the Asia-Pacific region and its potential for still greater economic exchange, the hosting of the Osaka APEC Meetings is an event of extraordinary significance.

It is hoped that the hosting of these Osaka APEC Meetings will act as a catalyst in stimulating Kansai's substantial growth and development in the global community, in concert with the other Asia-Pacific economies.

The Leaders of the Asia-Pacific Region come together in "Kansai-- the international region of the future"

The Osaka APEC Meetings




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