America’s Pacific Century?
As international attention focuses on the economic situation of the EU - the rollercoaster political-economic ride of events unfolding in Greece and Italy and the G20 summit in Cannes - and domestic attention focuses on the Occupy Wall Street movement and the XL Keystone Pipeline protests, President Obama shifts gears this week to the Asia Pacific region.
On Tuesday, the Asia Pacific Economic Cooperation (APEC) summit kicked off in Honolulu, Hawai’i.
Running through Sunday, November 13, the summit brings together 21 Pacific Rim economies.
Established in 1989, in the face of the perceived collapse of communism, APEC seeks to promote free trade in the Asia Pacific region. In particular, the current APEC meeting seeks to pave the way for a Free Trade Agreement of the Asia Pacific (FTAAP) region.
In a talk given at the University of Hawai’i East-West Center today, Secretary of State Hillary Clinton referenced the importance of transatlantic systems for the 20th-century. She stated “The 21st-century will be America’s Pacific Century.”
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