Senate Finance to Hold Hearing on Increasing Trade with APEC Countries
Senator Baucus, Chairman of the Senate Finance Committee, has announced that on March 31, 2011, the Finance Committee will hold a hearing on “APEC 2011: Breaking Down Barriers” to discuss ways to boost the U.S. economy and create jobs by increasing trade with key Asia-Pacific countries.
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Specifically, the hearing will focus on the Asia-Pacific Economic Cooperation (APEC) 2011 Trade Ministers and Small and Medium-Sized Enterprises meetings, which will be held in Montana in May 2011.
(APEC is a group of 21 Asia-Pacific member economies, including the U.S., Canada, Chile, China, Japan, Korea, Hong Kong, New Zealand and Taiwan, that have joined together to facilitate economic growth, cooperation, trade and investment in the Asia-Pacific region. Together, the APEC economies represent almost 55% of the world economy and almost 45% of world trade.)
Hearing to Focus on Barriers and Impediments to Trade
Chairman Baucus will focus on breaking down trade barriers in international markets, improving trade with and increasing investments made by APEC countries, addressing impediments to trade that have the greatest negative impacts on the U.S. economy, growing trade opportunities for small and medium-sized businesses and keeping APEC productive in the 21st century. He will also discuss ways to maximize the benefit of the summit in May.
Hearing announcement available by emailing documents@brokerpower.com.