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APPF7/RES/2

RESOLUTION ON

COOPERATION FOR RECOVERY AND GROWTH IN ASIA-PACIFIC ECONOMIES

Submitted by the Japanese Delegation

 

We, the parliamentarians of the APPF, gathered at the Seventh Annual Meeting in Lima in January 1999,

Welcoming the following international developments contributing to the stability of the financial situation and the exchange rates and supporting the recovery of the economies in the Asia – Pacific area; namely

 

Resolve to:

  1. Restore market confidence and economic growth in the whole Asia-Pacific area, and call on,
  1. Call on the Asian – Pacific economies, as measures to encourage stable and sustainable movements of capital, to further strengthen APEC, Manila Framework Group and other regional cooperation, and to consider, on an expedited basis, possible establishment of a regional consultative body to promote dialogue, prevent crisis through an early warning mechanism and implement cooperative initiatives, with the participation of institutions such as European Union and the World Trade Organization, in order to: