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Bogor Declaration

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Overview Edit

The Bogor Declaration, issued during the 1994 APEC Economic Leaders' Meeting in Bogor, Indonesia establishing an ultimate direction of the APEC progress.

APEC sets the Bogor Goals of, "free and open trade and investment in the Asia-Pacific by 2010 for developed economies and 2020 for developing economies."

The main ideas of Bogor Declarations are:

  • strengthening the open multilateral trading system;
  • enhancing trade and investment liberalization in the Asia-Pacific; and
  • intensifying Asia-Pacific development cooperation.

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