The Sixteenth PECC General Meeting
Towards a Pacific Community: Renewing the Commitment
September 5-7, 2005, Seoul
Opening Remarks
Keynote Address
Introduction:
- Yang Chengxu, Chair, China PECC
Keynote Address:
Plenary Session I: The Pacific Community: a Vision or an Illusion?
Has the initial enthusiasm for the creation of a Pacific Community actually waned? Is the founders’ vision still relevant and viable in light of the new economic and political realities of the post-9/11 21st century? What are the threats to the stability of trans-Pacific linkages and the momentum towards the realization of a peaceful and prosperous Pacific Community? How does this vision square with what appears to be the rise of an East Asian regional community or with the on-going regional integration in the Americas? How effective are APEC and other existing regional institutions? How can we renew the vision of a Pacific Community and our efforts to realize it?
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Moderator:
- Jusuf Wanandi, President Director, The Jakarta Post
Panel Speakers:
- Narongchai Akrasanee, Chairman, MFC Asset Management Plc.; former Minister of Commerce, Thailand
- Cheng Siwei, Vice Chairman, Standing Committee of the National People’s Congress, People’s Republic of China
- Kim Kyungwon, President Emeritus, Seoul Forum; former Korean Ambassador to the U.S.
- Manfred Wilhelmy, Chair, Chilean National Committee for Pacific Economic Cooperation (CHILPEC)
Plenary Session II: Squaring FTAs with the Bogor Goals: How Can It Be Done?
How do we assess the relationship between the various FTAs and other RTAs – either already in place, currently under negotiation, or being contemplated -- with the Bogor goals and the DDA? What are the choices facing the APEC governments on their respective long-term trade policy agendas? Are the Bogor goals passé? Or can and should they still remain the valid and overriding common goal of APEC governments? Could an FTAAP still be a solution? What forms should the roadmap and strategic actions take?
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Moderator:
- Guy de Jonquières, Asia Columnist and Commentator, The Financial Times
Panel Speakers:
- Fred Bergsten, Director, Institute for International Economics
- Heng Chee How, Minister of State for Trade and Industry, Singapore
- Jean-Pierre Lehmann, Executive Director, Evian Group; Professor of International Political Economy, IMD
- Mari Pangestu, Minister of Trade, Indonesia
Plenary Session III: Private-Public Partnership for Infrastructure Development
A recent study by the Asian Development Bank (ADB), Japan Bank for International Cooperation (JBIC), and the World Bank concluded that East Asia needs US$1 trillion in infrastructure investment over the next 20 years. While government funding remains limited, new models of financing are increasingly being used to overcome this challenge. How do we define the function and impact of partnerships between government and business in the financing of infrastructure projects? What are the options for new forms of infrastructure finance, and what do they require for success? What are the new options for policy makers? What are the opportunities and challenges for the business sector? What is the role of multilateral institutions?
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Moderator:
David Hong, President, Taiwan Institute of Economic Research (TIER)
Panel Speakers:
- Dominic Barton, Chairman, Asia Pacific McKinsey & Company
- Christian Delvoie, Director, Infrastructure Department, East Asia and the Pacific
Region, The World Bank
- Peter de Wit, President, Shell Gas & Power for Asia Pacific Region
- Nicholas Moore, Head of the Investment Banking Group, Macquarie Bank
- Takumi Shibata, President and CEO, Nomura Asset Management Co., Ltd.
- Pierre Victoria, Vice President for Institutional Relations, Veolia Water
Plenary Session IV: The Trans-Pacific Imbalance: a Disaster in the Making?
The annual U.S. trade deficit with East Asia now stands at almost US$300 billion, and East Asian economies hold almost US$2 trillion in reserves, much of which goes towards funding the U.S. current account deficit. How sustainable is this position? Is a major regional and global financial disaster waiting to happen? What would be its causes? What should be done about it and how? Can these efforts serve as a catalyst for financial cooperation and monetary integration across the Pacific or in East Asia? What trade policy responses could we expect? What should be the role of APEC and some of its member governments? Now that China has revalued its currency by 2%, what are the possible implications?
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Moderator:
- Wendy Dobson, Professor, University of Toronto
Panel Speakers:
- Fred Bergsten, Director, Institute for International Economics
- Edward K.Y. Chen, President, Lingnan University
- Jacob Frenkel, Vice Chairman, American International Group, Inc. (AIG)
- Park Yung Chul, Professor, Graduate School of International Studies, Seoul National University
Plenary Session V: Rising to the Challenge - Creating the Political Will
In the end, it is political leaders who must rise to the challenge of the vision of a Pacific Community. But how do we instill the will to act? What is the political climate in each capital in the region, and how does it affect attitudes towards Pacific cooperation? How serious is the interest of the political communities? How do we foster and strengthen this interest? And who is the “we” that should assume this role -- a coalition of the willing? How is this coalition to be formed, and what should be the role of PECC?
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Moderator:
- William Green, Asia Editor, TIME Magazine
Panel Speakers:
- Bob Hawke, former Prime Minister, Australia
- Yoriko Kawaguchi, Special Assistant to the Prime Minister in charge of Foreign Affairs; former Minister ofForeign Affairs, Japan
- Lee Hong-Koo, former Prime Minister, Korea
- Michel Rocard, Member, European Parliament ; former Prime Minister, France
- Stapleton Roy, Managing Director, Kissinger Associates, Inc.; former U.S. Ambassador to China and Indonesia
Special Session on PECC and APEC: Towards an Asia-Pacific Community: Taking the Next Step
Moderator:
- Yuen Pau Woo, President and Co-CEO, Asia Pacific Foundation of Canada
Speaker:
Dinner Speech: A Reflection on PECC’s Twenty-Five Years: a Story with an Evolving Future
Speaker:
Lunch Speech: Building an Economic Community: the European Experience
Speaker:
- Karl Kaiser, Ralph I. Straus Visiting Professor, Kennedy School of Government and Weatherhead Center for International Affairs, Harvard University, former Director, German Council on Foreign Relations
Dinner Speech: The Korean Economic in the Pacific Age
Speaker:
Lunch Speech: New Strategic Equation in East Asia
Speaker:
