Mrs Shipley & Don McKinnon, Foreign Minister, ladies and gentlemen.
a pleasure to join hands with you today and to speak, not only about New Zealands
interests and regional interests, but the global imperatives necessary so we can raise
living standards and build a better trading system thats more balanced, fairer and
allows the full family of Nations to subscribe through rules and process, to a more
this rests the ability of all countries to provide more jobs, more income, which in turn
nearly always provides for a cleaner environment, better human rights and more resources
for health and education.
Parliament later today I shall give my final speech. That will be the appropriate time in
which I can express my appreciation to colleagues and officials for their support and
guidance over the years. That will be the last speech for several years I can give as a
we have learnt in the last half of this century is that our prosperity is best advanced
when we co-operate, engage and recognise that jobs in our country are based on the
capacity of our neighbours to purchase goods and services.
the Prime Minister has noted, I attended the fast APEC Ministers meeting in Canberra
in 1989. For the first time China, Hong Kong China and the province of Taiwan sat around
one table. That, in itself, was an historic event. Originally there were only 12 APEC
members; today there are 21 member economies covering 57 per cent of the world economy and
half the worlds population.
Minister Bob Hawke of Australia hit upon the idea of setting up a ministerial forum for
regional economic co-operation - later named APEC - after a visit to Seoul in January
1989. Alas, - we must give the Aussies the credit for this one!
years on APEC has undergone a remarkable development, deepening and broadening its agenda
are now 21 members of APEC, and APECs achievements in the past decade have far
exceeded the expectations that we held for it in the beginning. Since then our region has
gone through the greatest economic reversal in 50 years.
Asian Crisis was real, is real, as is the recovery.
are those who make a living out of predicting gloom, some even seem to enjoy it, suggested
this was the end. Remember the headlines? But it did not signify an end to multilateralism
and openness, nor did it prove that the system failed. It proved the opposite; it proved
how resilient the system is.
of APECs great contributions has been in establishing the climate for openness, and
in the main, leaders and governments stood firm, learnt the lessons and started
rebuilding. They resisted the pressures to revert to protectionism. We know those policies
prolonged and made the Great Depression so much deeper, and from this the twin tyrannies
of fascism and Marxism arose.
Prime Minister and I talked the other day about whether APEC was an economic, political,
or moral issue. I think its all those things. Its not complicated. Its
about getting more customers. Its about whether or not we run the world based on the
civilised order of rules, or force. Whether we settle our differences by process, or
force. Of course its imperfect and it can be improved.
suggest that APEC and regionalism are in contradiction to the WTO and multilateralism. One
trade expert once said that regional arrangements were Iike street gangs, not nice, but if
you live in the neighbourhood you had better join up.
dont agree. Open regionalism can give impetus to the best option, multilateralism.
It gives smaller countries the opportunity to learn the political, economic and business
skills necessary to engage further.
it does sometimes reflect the lack of satisfaction with the progress of the multilateral
wish you well at APEC, Prime Minister. It will be an important impetus for the Ministerial
at Seattle and a new round. Although its a bit of a worry that frequently such
gatherings send dozens of communiqués to the WTO for consideration. Somehow where a score
of Pacific Nations cant agree, Im supposed to get over 130 Nations to agree.
has shown us that open societies do better. Thats true. Our region testifies to this
years ago 70% of Indonesians lived in what the World Bank called extreme poverty.
Now, despite the recent problems, its 10%.
and admire at what Japan has delivered to its people from the rubble and ruin of the
1940s. Now its the 2nd most powerful economy in the world, and a
constructive force for good in the world.
the very poor, the less developed countries still dont get the access they need for
their products, and the technical assistance to fully engage so that they can sit at the
table of our global family and share equally and fully.
would not cost the rich nations of the north much to wipe barriers for the poorest
countries. Our region can do more to assist them to participate and I hope APEC shows a
we can celebrate that in the last 50 years since the GATT, now the WTO, came into being,
people are, in the main, living longer, infant mortality is down, employment and income up
and literacy improved, still much more needs to be done.
know of two visions of Europe. One, united, a force for good in the world, where people
respect and enjoy each others cultures, music, food, where they travel freely and
trade openly between each other. And the other vision, the mirror opposite, the tribal
despair that is the Balkans.
when Bosnian women refugees set up business to employ themselves and feed their babies,
the richest nations on earth wont allow fair access for their garments. No wonder
the young idealistic and best of our youth have grave misgivings about what we are trying
1.5 billion people have had their incomes doubled in the past 25 years, BUT the IMF
reports that three billion people are still living under $2 a day, with growing inequity
between rich and poor, with forests being degraded at the rate of an acre a second, with
130 million children still not in school, with 1.5 billion people still not having access
to clean water, and two billion people not having access to sewerage. We cannot be
than this, we must be concerned that 80 to 90 million people are being added annually to
our planet, mainly in the developing world. Two billion more souls must feed themselves by
the year 2025. This argues for more openness, not more closed economic Berlin Walls.
WTO cannot solve all these problems. Sovereign governments have the prime responsibility,
but I hope that the WTO, the World Bank, the IMF, UN, UNCTAD and the other great agencies,
can better co-ordinate; to serve the people more effectively and with greater coherence.
These organisations are owned by sovereign governments who must give us the mandate, the
resources and the domestic approval to better serve.
this, I know the New Zealand government, over many administrations, has always been a good
international citizen. Because we know that in global politics and commerce, as in
domestic or family affairs, we serve ourselves best when we serve others.
congratulate the authors of this booklet well and wish those who come to APEC good luck
and look forward to co-operating with you.