APEC Economic Leaders Meeting
November 20 - 21, 2004 - Santiago, Chile

Leaders from 21 Pacific Rim economies met in Santiago, Chile, November 20 - 21, 2004, for the 12th Asia-Pacific Economic Cooperation (APEC) Economic Leaders' Meeting (AELM). Leaders gathered to exchange views on the economic challenges facing the region and to provide direction to APEC's wide-ranging activities in support of trade and investment liberalisation and sustainable long-term growth and prosperity. The stability and growth of the Asia-Pacific region is of vital importance to the world economy and to Canada.

The 2004 Leaders' Declaration contains important references to both trade and security initiatives in the Asia-Pacific region.

APEC Chile - 2004: Meeting Outcomes & Accomplishments

The APEC Summit in Santiago made progress in several policy areas important to Canada:

  • Leaders agreed to a roadmap to move forward on the ambitious counter-terrorism commitments on MANPADS (portable anti-aircraft missiles), export controls best practices, and IAEA Additional Protocols that were agreed at last year's Summit.
  • In fulfillment of specific Canadian objectives, APEC Leaders encouraged APEC members to ratify and implement the 12 UN counter-terrorism conventions, and Ministers recognized that terrorism must be combated in accordance with international humanitarian and human rights law.
  • Leaders once again stressed the importance and urgency of the Doha Round of WTO negotiations, and endorsed the package of decisions reached by the WTO General Council in July.
  • APEC Leaders agreed to an anti-corruption action plan to improve governance in the region. To complement APEC's plan, Canada announced a major judicial reform program in Vietnam.
  • The Prime Minister spoke extensively about the Responsibility to Protect and the proposed L20 Summit, making headway in the effort to convince other Leaders to embrace these concepts.
  • Leaders endorsed in full the Joint Statement agreed by Ministers at the 16th APEC Ministerial Meeting a few days earlier