Friday, October 23, 2009

APEC watch

India has requested membership in APEC, and received initial support from the United States, Japan[5] and Australia. Officials have decided not to allow India to join for various reasons.[6][7] However, the decision was made not to admit more members until 2010. Moreover, India does not border the Pacific which all members do. The Philippines trade negotiator was quoted as saying that there is concern that "Once the Indians come in, the (Asian) weighting would become heavier in this part of the world."[8]

In addition to India, Mongolia, Pakistan, Laos, Bangladesh, Colombia,[9] and Ecuador,[10] are among a dozen countries seeking membership in APEC by 2008. Colombia applied for APEC's membership as early as in 1995, but its bid was halted as the organization stopped accepting new members from 1993 to 1996,[11] and the moratorium was further prolonged to 2007 due to the 1997 Asian Financial Crisis. Colombia and Ecuador hope to become members in 2010. [12] Guam has also been actively seeking a separate membership, citing the example of Hong Kong, but the request is opposed by the United States, which currently represents Guam. APEC is one of the few international level organizations that Taiwan is allowed to join, albeit under the name Chinese Taipei.