(22 Nov 2008) SHOTLIST
1. Wide of Lee Myung-bak, South Korea President, at Asia-Pacific Economic Cooperation (APEC) CEO summit
2. Mid of audience, including US Secretary of State, Condolleeza Rice
3. Mid of Lee speaking
4. Audience applauding
5. SOUNDBITE (Korean) Lee Myung-bak, South Korea President: (++SOUNDBITE STARTS ON WIDE OF LEE++)
"Nations should not use protectionism. Protectionism breeds protectionism and results in further slowing down the economy and new emerging economies will be damaged the most."
6. Mid of audience
7. Various of Chinese Hong Kong CEO, Donald Tsang, at APEC CEO Summit
8. SOUNDBITE (English) Donald Tsang, Chinese Hong Kong CEO: (++SOUNDBITE STARTS ON MID SHOT OF AUDIENCE++)
"As a global community is now struggling with the challenges of an economic downturn and protectionist sentiments, a successful conclusion to the Doha round is more important than ever. I am encouraged by the strong commitment from leaders of the G20 Summit to call for reaching agreement on modalities within this year, which is crucial to a successful outcome of the Doha round."
9. Top shot of summit
10. Canadian Prime Minister, Stephen Harper, walking up to the podium
11. Cutaway of audience applauding
12. SOUNDBITE (English) Stephen Harper, Canadian Prime Minister:
"We cannot, in times like these, in times of economic stability (sic), we cannot allow ourselves to turn back. Now is the time for opening doors, not for erecting walls."
13. Wide of Felipe Calderon, President of Mexico, on podium
14. SOUNDBITE (Spanish) Felipe Calderon, President of Mexico:
"What we are seeing my friends, is not a strictly economic problem, or if you want to look at it another way our economic problems are not only due to technical problems or solutions, it also has to do with a grave problem of uncertainty and disbelief in the future which is increasingly damaging our economic situation."
15. Audience applauding
STORYLINE:
Political leaders and business executives at the Asia-Pacific Economic Cooperation (APEC) CEO Summit of Pacific Rim countries called for freer trade and less protectionism to help nations overcome one of the most severe financial crisis in decades.
At the APEC forum in Peru, the leaders met behind closed doors, seeking to build on last weekend's Group of 20 summit in Washington, which proposed no new trade barriers over the next 12 months.
The two-day summit was taking place following another bad week for financial markets as investors became more fearful about the prospects of a deepening global recession.
The plea for the freer trade was echoed by several APEC leaders who spoke at the business meeting held prior to the main APEC events opening later on Saturday.
The leaders argued their case with free-trade success stories.
South Korean President, Lee Myung-Bak, whose nation is also suffering severely from the current economic meltdown, protested against protectionism and reiterated its damage in the merging economy.
Lee, a former head of the Hyundai group, said open markets were central to boosting his nation's per-capital annual income from 100 US dollars in the 1960s to 20,000 US dollars today.
Canadian Prime Minister, Stephen Harper, who signed a free trade agreement with Peru this morning, said the North American Free Trade Agreement has tripled trade and created 40 (m) million jobs.
Canada is also expected to close a free trade agreement with Columbia in the near future.
Tsang called for the successful closing of the global free trade talks known as the Doha round.
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