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His Excellency Naoto Kan Chair, Asia Pacific Economic Cooperation & Prime Minister of Japan Japan

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His Excellency Naoto Kan Chair, Asia Pacific Economic Cooperation & Prime Minister of Japan Japan His Excellency Naoto Kan Chair, Asia Pacific Economic Cooperation & Prime Minister of Japan Japan Your Excellency: When we met in November 2009, we faced global and economic uncertainty and threats to stability. While the global economy has improved, these threats are still looming. Today’s economic environment calls for more than a restatement of APEC’s previous goals. It calls for nothing less than a rapid revitalization of APEC’s ambition which is critical to ensuring that APEC economies remain the drivers of global economic growth. The pursuit of the Bogor Goals of free and open trade and investment has promoted job creation and social stability and helped draw millions in the region out of poverty. Remaining economic uncertainty and continuing protectionist pressures, however, threaten to reverse these achievements and require a new impetus to be given to regional economic integration. Critical to this will be the pursuit of ongoing financial reforms requiring close coordination between member economies. We call on Leaders to adopt a new vision for APEC that builds on what has been achieved since Bogor, creating and sharing the universal benefits of regional economic integration. The new vision should include a recommitment by APEC to pursue a Free Trade Area of the Asia Pacific (FTAAP), a vehicle that is the most practical means to deliver free and open trade and investment in the APEC region. We urge APEC Leaders to make decisions on possible pathways to achieve a FTAAP. As APEC business leaders, we believe that making progress on the FTAAP presents the best strategy for achieving regional growth that is balanced, inclusive, sustainable, innovative and secure. It will also ensure APEC’s continuing leadership and relevance in the global economy. To enhance the quality of economic integration and competitiveness of APEC economies, and to improve social well-being, we also urge APEC Leaders to accelerate the growth of SME and micro-enterprises (SMMEs) in the global economy, through policies to promote capacity building and financial inclusion. To ensure that APEC’s economic growth is sustainable and not undermined by emerging nutritional and supply issues, we propose an aggressive agenda towards achievement of regional food security and energy security. While these recommendations require immediate action, we also look for active engagement by APEC on a range of other important issues, which are detailed in the attached report. We look forward to discussing our recommendations with you during our dialogue at the Yokohama Summit. Yours sincerely, Mr. Gempachiro Aihara Mr. Teng Theng Dar Ms. Deborah Henretta ABAC Chair 2010 ABAC Co-Chair Acting ABAC Co-Chair Counselor Chief Executive Officer Chair, Facilitation Working Group Mitsui & Co., Ltd. Singapore Business Federation Group President – Asia Procter & Gamble Asia Pte Ltd. AUSTRALIA Mr. Andrónico Luksic Craig Vice Chairman Mr. John W.H. Denton Banco de Chile Chair, Sustainable Development Working Group Partner & CEO Mr. Hernán Somerville Corrs Chambers Westgarth Co-Chair, Liberalization Working Group President Mr. Lindsay Fox Chilean Association of Banks & Financial Founder & Director Institutions Linfox Mr. Mark Johnson CHINA Chairman AGL Energy Ms. Wang Lili Co-Chair, Finance & Economics Working Group Executive Vice President & Board Member BRUNEI DARUSSALAM Industrial & Commercial Bank of China (ICBC) Mr. Javed Ahmad Managing Director Dr. Yang Yunsong Bank Islamic Brunei Darussalam President XY Group International Ms. Haslina Taib Chief Executive Officer Dr. Zhang Lijun Brunei Accenture Group (B.A.G) Networks Chairman VODone Group Limited Ms. Fauziah DSP Hj Talib Chair, Capacity Building & Action Plan Working Group HONG KONG, CHINA Managing Partner IQ-Quest Company Mr. Richard Li Chairman PCCW Limited CANADA Mr. Vincent H. S. Lo Mr. Peter Barnes Chairman Co-Chair, Capacity Building & Action Plan Shui On Holdings Limited Working Group President Mr. Anthony John Liddell Nightingale Censiomax, Inc. Co-Chair, Facilitation Working Group Managing Director Mrs. Isabelle Courville Jardine Matheson Limited President Hydro-Québec TransÉnergie INDONESIA Mr. V. Paul Lee Managing Partner Mr. Anindya N. Bakrie VanEdge Capital Partners Ltd. Chief Executive Officer PT Bakrie Telecom, Tbk. CHILE Mr. John Prasetio Mr. Jose Pablo Arellano Co-Chair, Liberalization Working Group President & CEO Chairman Chilean Copper Corporation (CODELCO) CBA Asia Mr. Wishnu Wardhana MEXICO Vice President Director & COO PT. Indika Energy Tbk. Mr. Mauricio Millán Co-Chair, Capacity Building & Action Plan Working Group JAPAN Vice Chairman Coraza Corporación Azteca S.A. de C.V. Mr. Yasuo Morimoto Co-Chair, Sustainable Development Working Mr. Alejandro Ramírez Magaña Group General Director Senior Advisor Cinepolis Toshiba Corporation Mr. Carlos Slim Helú Mr. Yoshihiro Watanabe President Chair, Finance & Economics Working Group Fundación Carlos Slim Advisor The Bank of Tokyo-Mitsubishi UFJ, Ltd. NEW ZEALAND KOREA Mr. Gary Judd Chairman Mr. Ho-Gap Kang ASB Bank Chief Executive Officer Shin Young Metal Mr. Tony Nowell Chair, Liberalization Working Group Mr. Younghoon David Kim Founding Director Co-Chair, Sustainable Development Working Valadenz Limited Group Chairman & CEO Ms. Maxine Simmons Daesung Group Managing Director BioCatalyst Ltd. Mr. Bon Joon Koo Vice Chairman & CEO LG International PAPUA NEW GUINEA Mr. Wayne Kenneth Golding MALAYSIA Co-Chair, Capacity Building & Action Plan Working Group Tan Sri Dr. Ahmad Tajuddin Ali President Chairman Manufacturers’ Council of Papua New Guinea UEM Group Berhad Mr. Matthew W.E. Tjoeng Tan Sri Dato’ Azman Hashim Managing Director Co-Chair, Finance & Economics Working Group Shine Way Development Ltd. Chairman AmBank Group Sir Joseph James Tauvasa Chairman Tan Sri Dato’ Ir. MD Radzi Mansor South Pacific Brewery Ltd. Chairman Kumpulan Fima Berhad PERU CHINESE TAIPEI Mr. Enrique M. Gubbins Mr. Matthew F. C. Miau Co-Chair, Facilitation Working Group Co-Chair, Facilitation Working Group Executive Director Chairman Sudamericana de Fibras S.A. MiTAC-Synnex Group Mr. Hong-Tu Tsai Mr. Eduardo Hochschild Chairman Executive Chairman Cathay Financial Holdings & Hochschild Mining Plc Cathay Life Insurance Co., Ltd. Mr. Juan Francisco Raffo Ms. Cher Wang Chairman Chairman Raffo Group VIA Technologies Inc. High Tech Computer Corp. PHILIPPINES THAILAND Ms. Doris Magsaysay Ho Co-Chair, Facilitation Working Group Dr. Savaraj Sachchamarga President & CEO Vice Chairman Magsaysay Group of Companies Thai Chamber of Commerce Mr. Roberto R. Romulo Mr. Vichit Tantianunanont Chairman Member of the Board Philam Insurance Co., Inc. The Federation of Thai Industries Mr. Arthur Ty Dr. Twatchai Yongkittikul President Co-Chair, Finance & Economics Working Group Metropolitan Bank & Trust Company Secretary-General Thai Bankers’ Association RUSSIAN FEDERATION USA Mr. Oleg V. Deripaska Chairman of the Supervisory Board Mr. Peter L Scher Basic Element Co-Chair, Finance & Economics Working Group Executive Vice President Mr. Andrey L. Kostin Global Government Relations & Public Policy Chairman & CEO JPMorgan Chase & Co. JSC VTB Bank (former Vneshtorgbank) Mr. Ziyavudin G. Magomedov VIETNAM Chairman of the Board of Directors Summa Capital Ltd. Mr. Hoang Van Dung Co-Chair, Liberalization Working Group First Vice Chairman & Executive Vice SINGAPORE President Vietnam Chamber of Commerce & Industry Mr. Tang Kin Fei Co-Chair, Sustainable Development Working Mr. Nguyen Thanh Hung Group Chairman Group President & CEO SOVICO Group Sembcorp Industries Ltd. Mr. Tam Dang Thanh Chairman Saigon Invest Group .
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