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Georgia Hispanic Chamber of Commerce (GHCC) APEC CEO Summit 2008 Lima, Peru November 20-23, 2008 Tisha R. Tallman, President & CEO December 5, 2008. APEC. 1989 21 member economies Cooperative process concerned with trade and economic issues
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APEC CEO Summit 2008
November 20-23, 2008
Tisha R. Tallman, President & CEO
December 5, 2008
Luncheon keynote address on investment opportunities in Peru by: Pedro Pablo Kuczynski, Former Prime Minister of Peru
Comments: More on investing in Peru. Specifics on mining and fisheries.
Keynote by: Prime Minister Kevin Rudd of Australia
Comments: What happened and what needs to be done; 1.4% GDP economic stimulus package
Dinner Keynote by: President Michelle Bachelet of Chile
Comments: on the economic crisis
Keynote by: President Lee Myung-Bak of Korea
Comments: energy and climate crisis in addition to global financial crisis; “stand still” policy (no free trade barriers); investment in education, science and technology; from average income of $100 - $20,000; support FTAs
Keynote by: President George W. Bush of the USA
Comments: financial crisis; free trade; 2/3 trade in world with APEC; we have tripled our trade w/ China
Keynote by: Chief Executive Donald Tsang of Hong Kong, China
Comments: regional trade; WTO support; no consumption taxes; no capital gains tax
Keynote by: Prime Minister Stephen Harper of Canada
Comments: long term flexible exchange rates; long term tax reductions; still at surplus; long term plan to not have structural budgetary deficits; 40 million jobs created through NAFTA
Keynote by: President Felipe Calderon of Mexico
Comments: Asian market surplus without adjusting exchange rates; need flexible exchange rates to end crisis; mistrust; structural reforms in education, judiciary, and energy; to build port in Baja California; Goldman Sachs 2050 prediction (China, U.S., India, Mexico, Brazil)
Keynote by: President Alvaro Uribe
Comments: invest in Colombia; changes made in Colombia