The 21 member economies of the Asia-Pacific Economic Cooperation forum have reached a compromise on the contentious question of revising its 1995 guideline for liberalizing trade and investment within the Pacific Rim by 2020.

According to government sources, the Osaka Action Agenda, which now simply calls for the APEC economies to “progressively reduce” import tariffs, will be rewritten to call for them to “progressively reduce” import tariffs “until the Bogor goal (of liberalizing trade and investment by 2002) is fully achieved.”

Unable to view this article?

This could be due to a conflict with your ad-blocking or security software.

Please add japantimes.co.jp and piano.io to your list of allowed sites.

If this does not resolve the issue or you are unable to add the domains to your allowlist, please see out this support page.

We humbly apologize for the inconvenience.

In a time of both misinformation and too much information, quality journalism is more crucial than ever.
By subscribing, you can help us get the story right.