Among the major issues that apec will comment on is for a proposal for Free Trade Area of the Asia Pacific (ftaap)

In their annual report to the leaders, the APEC Business Advisory Council said schemes such as an FTAAP "would offer opportunities to advance the trade and investment liberalization and facilitation agenda. Senior officials of the Asia Pacific Economic Cooperation (APEC) forum have drafted their recommendation for a vast trans-Pacific free trade area. The draft document will be submitted at the September 8-9 Asia Pacific Economic Cooperation summit. The draft recommends that preparatory research be carried on how to turn the vision into reality. Analysts say the zone could serve as a Plan В should the stalled Doha Round of talks, aimed at breaking down global trade barriers, eventually collapse outright. The biggest economies - U.S., Japan and China - would together account for around 70 percent of the global economic output and half of its trade. "An FTAAP could make considerable contribution to economic integration in the Asia Pacific region, but its implications are not yet fully understood," the document says. "Nor are the issues that would need to be addressed clearly identified. It is nevertheless clear that more could be learned from intensified work among the APEC economies about the challenges an FTAAP would present, as well as the opportunities it could provide." The officials say APEC should analyze existing free trade agreements to be able to cherry-pick the best ideas. Sean Spicer, spokesman for U.S. Trade Representative Susan Schwab, said that APEC leaders should "seriously" consider a trans-Pacific zone. He added: "An FTAAP would be a visionary undertaking that would do much to improve the prosperity of the people of the region. It also signals the United States' commitment to deepening its trans-Pacific economic ties." There are opponents who fear that the FTAAP would be dominated by U.S. and doubts the prospects of getting all APEC economies to overhaul their voluntary grouping and to agree on a binding set of rules. The APEC Summit in Sydney will use its strong influence to try to revive the Doha Round which is bogged down amid disagreement on farm subsidies. It has got to the point analysts have warned that failure to harmonize the "noodle bowl" of FTAs could heighten the risk of protectionism in the absence of a global trade arrangement.

Задание 2. Определите, являются ли утверждения:

а) ложными

b) истинными

1. The draft document will be submitted at the November 9-10 Asia Pacific Economic Cooperation summit.

2. The biggest economies - U.S., Russia and China - would together account for around 70 percent of the global economic output and half of its trade.

3. The officials say APEC should analyze existing free trade agreements.

4. The FTAAP wouldn’t be dominated by U.S.

5. The APEC Summit in Sydney will use its strong influence to try to revive the Doha Round.

Задание 3. Сформулируйте главную мысль текста. Дайте свое название тексту.

Задание 4. Выберите один вариант ответа. Заполните пропуск.

1. Major issues that APEC…………. on is for a proposal for Free Trade Area of the Asia Pacific

a) will comment b) comment c) commenting

2. The officials of the……………….. forum have drafted their recommendation for a vast trans-Pacific free trade area.

1. European Economic Cooperation b) Asia Pacific Economic Cooperation

c) Asia Pacific Economic Trade

3.There are opponents who think that the FTAAP would be …………by U.S.

2. thought b) dominated c) pressed

3. They would offer opportunities to advance ……………………………. .

1. the investment and liberalization b) the money and trade c) the trade and investment liberalization.

3. APEC should analyze existing………………………… .

1. free trade agreements b) free trade disagreements c) letters

Задание 5. Составьте предложения с данными словосочетаниями:

Business Advisory Council, free trade area, global economic output, to cherry-pick the best ideas, facilitation agenda.

Задание 6. Спрогнозируйте содержание текста по представленным ниже фразам. Прочитайте текст, найдите подтверждение или опровержение вашему предположению.

vietnam's external policy

relations with other ASEAN countries

cooperation in economics

coordination in regional issues of common concern

an agreement on cooperation

foreign partners

trade, agriculture, forestry & fishery

investment