The Asia-Pacific region, which we are all a part of, is by far the largest, the fastest-growing, and the most dynamic economic region in the world.
Secretary Kerry at APEC, October 7, 2013
None of what is happening in Washington diminishes one iota our commitment to our partners in Asia.
U.S. Secretary of State John Kerry at the Asia-Pacific Economic Cooperation (APEC) Ministerial Meeting, October 5, 2013

U.S. Secretary of State John Kerry and U.S. Trade Representative Ambassador Michael Froman speak with reporters during a news conference after the APEC Ministerial meetings in Bali, Indonesia, on October 5, 2013. Read the transcript of their remarks here. [State Department photo/ Public Domain]

U.S. Secretary of State John Kerry speaks with Philippines Foreign Secretary Albert del Rosario during a break at the APEC Ministerial meetings in Bali, Indonesia, on October 5, 2013. [State Department photo/ Public Domain]

U.S. Secretary of State John Kerry speaks with Philippines Foreign Secretary Albert del Rosario during a break at the APEC Ministerial meetings in Bali, Indonesia, on October 5, 2013. [State Department photo/ Public Domain]

U.S. Secretary of State John Kerry shakes hands with Canadian Foreign Minister John Baird before they held a bilateral discussion on the margins of the APEC Ministers meeting in Bali, Indonesia, on October 5, 2013. [State Department photo/ Public Domain]

U.S. Secretary of State John Kerry shakes hands with Canadian Foreign Minister John Baird before they held a bilateral discussion on the margins of the APEC Ministers meeting in Bali, Indonesia, on October 5, 2013. [State Department photo/ Public Domain]

Building on a Strong Foundation of Historic Ties With the Asia-Pacific

U.S. Secretary of State Hillary Rodham Clinton poses for a photo with a member of the Tomodachi program youth in Tokyo, Japan, on July 8, 2012. [State Department photo by William Ng/ Public Domain]

About the Author: Kurt Campbell serves as Assistant Secretary of State for East Asian and Pacific Affairs.

Economic issues were also at the forefront of our engagement with the Asia-Pacific region in 2012, particularly fostering economic integration and open markets. On March 15, the U.S.-Korea Free Trade Agreement — the largest U.S. FTA in nearly two decades — entered into force. This historic agreement is expected to increase goods exports by billions of dollars annually for both sides, supporting tens of thousands of new jobs in both countries. At the Asia-Pacific Economic Cooperation (APEC) annual meetings,…more »

U.S. Secretary of State Hillary Rodham Clinton says the U.S. strongly supports constructive dialogue between nations to resolve territorial disputes in the South China Sea during her press conference in Vladivostok, Russia, September 9, 2012. [Go to http://video.state.gov for more video and text transcript.]

APEC: 20th Annual Leaders’ Meeting

Fact Sheet

Office of the Spokesperson

Washington, DC
September 9, 2012

On September 8-9, U.S. Secretary of State Hillary Rodham Clinton is participating in the 20th Annual Asia-Pacific Economic Cooperation (APEC) Leaders’ meeting in Vladivostok, Russia.

APEC is the premier forum for U.S. economic engagement with the Asia-Pacific region.

APEC’s 21 member economies comprise a market of nearly 3 billion consumers, account for 44 percent of world trade, and represent 56 percent of global economic output ($39 trillion in 2011). Six of America’s 10 largest trading partners are in APEC.

APEC Leaders are focused on promoting increased economic growth and prosperity in the region, under the four themes of the 2012 APEC year: (1) trade and investment liberalization, regional economic integration; (2) strengthening food security; (3) establishing reliable supply chains; and (4) intensive cooperation to foster innovative growth.

The United States led the way in pushing for a ground-breaking APEC List of Environmental Goods to cut tariffs to 5 percent as agreed in 2011. The U.S. is also advancing efforts within APEC to take more significant steps to ensure food security, increase supply chain performance, promote market-driven innovation policies, and improve transparency in regulatory systems across APEC economies. Results in these areas will help U.S. growth and jobs by expanding export opportunities in the world’s fastest growing region. MORE.

U.S. Secretary of State Hillary Rodham Clinton discusses U.S. efforts to advance economic stability at the Asia-Pacific Economic Cooperation CEO Summit in Vladivostok, Russia, September 8, 2012. [Go to http://video.state.gov for more video and text transcript.]

Background Briefing on APEC Summit Meeting

Special Briefing

Senior State Department Official
Far Eastern Federal University
Vladivostok, Russia
September 8, 2012

SENIOR STATE DEPARTMENT OFFICIAL: Okay. We are in Vladivostok for the first day of the APEC Summit meetings. I just want to give you a sense of Secretary Clinton’s morning before the leaders’ meetings actually start today. First of all, on the APEC agenda itself, our trade folks and those who have been negotiating the documents expect good outcomes, I think you’re all aware, on the environmental growth agenda and the Green Growth follow-on. The ministers of foreign affairs have already agreed on a high-quality list of 54 environmental goods that will be capped at 5 percent or lower tariffs by 2015. This, as we discussed on the plane, follows up on President Obama’s agenda that he set in Hawaii.

On wildlife, ministers have agreed to strengthen enforcement and capacity building to combat the illegal trafficking of endangered and protected wildlife. On food exports, ministers have confirmed that they will not impose market-distorting export restrictions on food products in response to the recent drought conditions around the world. This will have the effect of calming markets and easing fears of social and economic instability that past export restrictions have caused in the developing world. And just to remind that APEC’s 21-member economies comprise nearly three billion consumers. They account for 44 percent of world trade. They represent 56 percent of the global economic output. That was $39 trillion in 2011, and six of America’s ten largest trading partners are in APEC. MORE.