Gist of APEC summit declaration

We note the risks to the world economy posed by volatility in the oil market. We call for appropriate measures to promote stability in the mutual interests of consumers and producers.

We resolve to address the wide disparities in wealth and knowledge and bring the benefits of globalization to all our people.

We agreed on the need to draw lessons from the Asian financial crisis of 1997-1998. We resolve to continue efforts to improve international surveillance and to strengthen regulatory and supervisory framework to provide more evident and stable financial circumstances both to the developed and developing countries. These efforts include reform of international financial institutions.

We call for ministers to work out ways to consider the alienated class, which exists as a result of the economic changes, including the projects to develop sustained social security network.

We commit to develop and implement a policy framework that will enable the people of urban, provincial and rural communities in every economy to have individual or community-based access to information and services offered via the Internet by 2010.

We reiterate that there is a need to expeditiously launch a new World Trade Organization round and agree that a balanced and sufficiently broad-based agenda that responds to the interests and concerns of all WTO members should be formulated and finalized as soon as possible in 2001 and that a round be launched in the same year.