{"page":"\u003clink rel=\"stylesheet\" href=\"https://lessonplanet.com/assets/packs/css/resources-572d6a42.css\" /\u003e\n\u003clink rel=\"stylesheet\" href=\"https://lessonplanet.com/assets/packs/css/lp_boclips_stylesheets-f4d0de30.css\" media=\"all\" /\u003e\n\u003cdiv data-title='NEW ZEALAND: APEC SUMMIT: TRADE' data-url='/boclips/videos/5c54c071d8eafeecae14ac22' data-video-url='/boclips/videos/5c54c071d8eafeecae14ac22' id='bo_player_modal'\u003e\n\u003cdiv class='boclips-resource-page modal-dialog panel-container'\u003e\n\u003cdiv class='react-notifications-root'\u003e\u003c/div\u003e\n\u003cdiv class='rp-header'\u003e\n\u003cdiv class='rp-type'\u003e\n\u003ci aria-hidden='true' class='fai fa-regular fa-circle-play'\u003e\u003c/i\u003e\nVideo\n\u003c/div\u003e\n\u003ch1 class='rp-title' id='video-title'\u003e\nNEW ZEALAND: APEC SUMMIT: TRADE\n\u003c/h1\u003e\n\u003cdiv class='rp-actions'\u003e\n\u003cdiv class='mr-1'\u003e\n\u003ca class=\"btn btn-success\" data-posthog-event=\"Signup: LP Signup Activity\" data-posthog-location=\"body_link_boclips\" data-remote=\"true\" href=\"/subscription/new\"\u003e\u003cspan\u003e\u003cspan\u003eGet Free Access\u003c/span\u003e\u003cspan class=\"\"\u003e for 10 Days\u003c/span\u003e\u003cspan\u003e!\u003c/span\u003e\u003c/span\u003e\u003c/a\u003e\n\u003c/div\u003e\n\u003c/div\u003e\n\u003c/div\u003e\n\u003cdiv class='rp-body'\u003e\n\u003cdiv class='rp-info'\u003e\n\u003cdiv aria-label='Hide resource details' class='rp-hide-info' role='button' tabindex='0'\u003e\u0026times;\u003c/div\u003e\n\u003ci aria-label='Expand resource details' class='rp-expand-info fai fa-solid fa-up-right-and-down-left-from-center' role='button' tabindex='0'\u003e\u003c/i\u003e\n\u003ci aria-label='Compress resource details' class='rp-compress-info fai fa-solid fa-down-left-and-up-right-to-center' role='button' tabindex='0'\u003e\u003c/i\u003e\n\u003cdiv class='rp-rating'\u003e\n\u003cspan class='resource-pool'\u003e\n\u003cspan class='pool-label'\u003ePublisher:\u003c/span\u003e\n\u003cspan class='pool-name'\u003e\n\u003cspan class='text'\u003e\u003ca data-publisher-id=\"30356011\" href=\"/search?publisher_ids%5B%5D=30356011\"\u003eCurated Video\u003c/a\u003e\u003c/span\u003e\n\u003c/span\u003e\n\u003c/span\u003e\n\u003c/div\u003e\n\u003cdiv class='rp-description'\u003e\n\u003cspan class='short-description'\u003eEnglish/NatMinisters from the Asia Pacific Economic Conference ended the first of their two-day meeting on Thursday without reaching a decision on how to admit China into the World Trade Organisation.Despite this, New Zealand Trade...\u003c/span\u003e\n\u003cspan class='full-description hide'\u003eEnglish/Nat\u003cbr/\u003eMinisters from the Asia Pacific Economic Conference ended the first of their two-day meeting on Thursday without reaching a decision on how to admit China into the World Trade Organisation.\u003cbr/\u003eDespite this, New Zealand Trade Minister Lockwood Smith said that he expects significant progress on divising a common negotiating strategy for W-T-O negotiations in Seattle.\u003cbr/\u003eTrade officials at the APEC summit hope to reach agreement on proposals for cutting numerous tariffs charged on industrial goods, in some cases to zero, which they believe would create more trade.\u003cbr/\u003eMinisters of the APEC economies left the Auckland Town Hall on Thursday, the first of their two-day meeting which precedes the APEC leaders' summit.\u003cbr/\u003eWhile their first meeting failed to reach a decision on how to admit China\u003cbr/\u003einto the W-T-O, the ministers say they expect significant progress in this round of talks.\u003cbr/\u003eHong Kong's Secretary of Trade and Industry, Cahu Tak Hay, said things are\u003cbr/\u003emoving forward.\u003cbr/\u003eAPEC trade ministers have reached consensus on parts of their wish list to\u003cbr/\u003epresent to the W-T-O at major global trade talks beginning on November 30 in Seattle, but they still faced many unresolved issues.\u003cbr/\u003eSOUNDBITE: (English) \u003cbr/\u003e\"I think we're almost there. I think I have to add to what I have said by saying that if we can agree on the point which I think were agreed at lunch, then, the joint statement, that part of the joint statement on the APEC contribution to the WTO will go beyond what was what was said here on June by the trade ministers. I think that was the most helpful way of adding impetus to the Seattle ministerial conference.\"\u003cbr/\u003eSUPERCAPTION: Chau Tak Hay, Secretary for Trade and Industry, Hong Kong\u003cbr/\u003eHe said most of his colleagues in APEC hope that all APEC economies will be able to join WTO soon.\u003cbr/\u003eSOUNDBITE: (English) \u003cbr/\u003e\"Several delegations made reference the fact that some APEC members are not yet members of the WTO and APEC obviously would hope that they can become members of the WTO as soon as possible.\"\u003cbr/\u003eSUPERCAPTION: Chau Tak Hay, Secretary for Trade and Industry, Hong Kong\u003cbr/\u003eFor his part, New Zealand Trade Minister Lockwood Smith said APEC countries are still discussing whether they should be required to make early pledges to open markets under the new round of global trade talks, or whether they should simply make a single undertaking to open markets comprehensively after the talks are concluded.\u003cbr/\u003eHe says that the APEC countries are now challenged to think of ways of ensuring the trade liberalisation targets are met. \u003cbr/\u003eSOUNDBITE: (English) \u003cbr/\u003e\"If we use our imagination, if we use our brains, it may well be possible to develop a concept that actually provides incentives for all members of the WTO to want to see a successful completion to this negotiations. \u003cbr/\u003eHave we given some thought to that?  How can we devise incentives to all members of the WTO to actually be involved in completing a successful negotiation in that three-year time frame we are keen to set for this.\"\u003cbr/\u003eSUPERCAPTION: Lockwood Smith, New Zealand Trade Minister\u003cbr/\u003eTrade officials at the Asia-Pacific Economic Cooperation summit hope to reach agreement on proposals for cutting numerous tariffs charged on industrial goods, in some cases to zero, which they believe would create more trade.\u003cbr/\u003eSeparately, U-S Secretary of State Madeleine Albright met with Chinese Foreign Minister Tang Jiaxuan but came up with no formula for getting China into the World Trade Organisation, the Geneva-based body that governs much global trade.\u003cbr/\u003eAuckland, New Zealand - 9 September 1999 \u003cbr/\u003e1. Mid shot exterior Auckland town hall\u003cbr/\u003e2. Pan to various delegates coming out of meeting \u003cbr/\u003e3. Mid shot of delegates\u003cbr/\u003e4. Set up shot for Chau Tak Hay\u003cbr/\u003e5. SOUNDBITE: (English) Chau Tak Hay, Secretary for Trade and Industry, Hong Kong \u003cbr/\u003e6. Cutaway reporters\u003cbr/\u003e7. SOUNDBITE: (English) Chau Tak Hay, Secretary for Trade and Industry, Hong Kong \u003cbr/\u003e8. Wide shot of New Zealand Trade Minister Lockwood Smith (right of screen) during press conference \u003cbr/\u003e9. Cutaway reporters \u003cbr/\u003e10. SOUNDBITE: (English) Lockwood Smith, New Zealand Trade Minister \u003cbr/\u003e11. Wide shot of Chinese Foreign Minister Tang Jiaxuan waiting for his car 10. Tang boarding car \u003cbr/\u003e12. 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