APEC Summit Ends with Pledge to Conclude Doha Round of Trade Talks

US President Barack Obama (C) stands with other APEC leaders for group photo following their evening dinner in Singapore, 14 Nov 2009009

Asia-Pacific leaders ended their summit in Singapore Sunday with a final statement that pledged a conclusion of the Doha Round of global trade talks in 2010, but removed targets for carbon emissions cuts.

The 21-member Asia-Pacific Economic Cooperation summit dropped a target to cut greenhouse gas emissions in half by 2050, despite declaring climate change one of the biggest global challenges.

The APEC leaders also rejected all forms of protectionism and said they would commit to concluding the Doha Round of trade talks next year. The talks have been deadlocked over disagreements between developing and developed nations on cutting farm subsidies and tariffs.

The declaration Sunday also said the 21 member economies will maintain stimulus policies until a durable global economic recovery has clearly taken hold.

Obama Meets MedvedevU.S. President Barack Obama meets with Russian President Dmitri Medvedev Sunday on the sidelines of the APEC forum. The two plan to discuss Iran’s nuclear program and Afghanistan.

President Barack Obama waves after stepping off Air Force One upon arrival at Paya Lebar Air Base in Singapore, 14 Nov 2009

Mr. Obama also announced that his native U.S. state, Hawaii, will host the APEC summit in 2011.

President Obama’s schedule Sunday includes meeting with the leaders of the Association of Southeast Asian Nations, with Burma among the key topics.

At a breakfast meeting early Sunday to discuss climate change, most ASEAN heads agreed that it is not likely they will seal a deal at next month’s climate change talks in Copenhagen. Danish Prime Minister Lars Lokke Rasmussen, host of the Copenhagen talks, made a trip to Singapore to attend the meeting.

US Accused of Protectionism

APEC leaders called Saturday for more cooperation on global economic recovery efforts and took aim at signs of U.S. trade protectionism.

Hu Jintao

Chinese President Hu Jintao said promoting openness in international trade and curbing protectionism would help revive the world economy.

Mexican President Felipe Calderon singled out Washington for “going in the opposite sense of free trade.” Russian President Medvedev made the same point.

In a speech in Tokyo Saturday, President Obama called on Asian countries to break their dependence on exports to the United States, and to pursue “balanced” and sustainable economic growth.

Some information for this report was provided by AFP, AP and Reuters.

Castlewood Group Pte Ltd Wins A Prestigious Asia Pacific Hotel Award

Successful companies have been invited to attend a high profile gala presentation dinner at the J. W. Marriott Hotel in Kuala Lumpur on April 27th when the official announcements will be made. Following the success of last year’s event in Shanghai, the organisers will also be hosting a two-day Property & Hospitality Summit on April 26th and 27th at the same venue. Attended by presidents, CEOs, managing directors, chairmen and other decision makers, the event presents an ideal opportunity to make connections and generate new business. The Summit is open to all industry related companies and suppliers in addition to award participants.

The JW Marriott Hotel is located in the heart of the exciting Golden Triangle, the city’s prime business and shopping district and is adjoining to the prestigious Starhill Gallery. It is also strategically located on Bintang Walk, the lively and vibrant shopping strip.

These awards are operated by the organisation that has run the International Property Awards for the last 18 years. Its aim is to seek out the best hotels from each country including those that have been purpose-built for conventions, spa, airports or resorts. Other sections include best sustainable hotel together with best hotel architecture, interior design, marketing and website. Hotel projects are chosen for their green credentials, excellent architectural merit and design. Eighteen different countries took part and the competition was extremely keen with entries across the board being of the highest standard.

Later this year, top scoring winners from the Asia Pacific Hotel Awards will compete against other winning companies from Europe, Africa, the Americas and Arabia to find the ultimate World’s Best in each category. The final results will be revealed at a gala presentation dinner in London.

Stuart Shield, president of the International Hotel Awards, says, “We are delighted to enter the second year of the stand alone Hotel Awards with such a superb level of entries from across the length and breadth of the Asia Pacific region. – both in number and quality. It will be really interesting to see how the region stands up to global competition when we judge the contenders for the World’s Best awards.”

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