AGL 36.95 Decreased By ▼ -1.05 (-2.76%)
AIRLINK 215.69 Increased By ▲ 1.78 (0.83%)
BOP 9.47 Increased By ▲ 0.05 (0.53%)
CNERGY 6.50 Increased By ▲ 0.21 (3.34%)
DCL 8.61 Decreased By ▼ -0.16 (-1.82%)
DFML 41.00 Decreased By ▼ -1.21 (-2.87%)
DGKC 98.35 Increased By ▲ 4.23 (4.49%)
FCCL 36.20 Increased By ▲ 1.01 (2.87%)
FFBL 88.94 No Change ▼ 0.00 (0%)
FFL 17.05 Increased By ▲ 0.66 (4.03%)
HUBC 126.31 Decreased By ▼ -0.59 (-0.46%)
HUMNL 13.45 Increased By ▲ 0.08 (0.6%)
KEL 5.20 Decreased By ▼ -0.11 (-2.07%)
KOSM 6.95 Increased By ▲ 0.01 (0.14%)
MLCF 44.12 Increased By ▲ 1.14 (2.65%)
NBP 59.60 Increased By ▲ 0.75 (1.27%)
OGDC 221.50 Increased By ▲ 2.08 (0.95%)
PAEL 40.53 Increased By ▲ 1.37 (3.5%)
PIBTL 8.08 Decreased By ▼ -0.10 (-1.22%)
PPL 191.99 Increased By ▲ 0.33 (0.17%)
PRL 38.70 Increased By ▲ 0.78 (2.06%)
PTC 27.05 Increased By ▲ 0.71 (2.7%)
SEARL 104.24 Increased By ▲ 0.24 (0.23%)
TELE 8.70 Increased By ▲ 0.31 (3.69%)
TOMCL 35.00 Increased By ▲ 0.25 (0.72%)
TPLP 13.70 Increased By ▲ 0.82 (6.37%)
TREET 24.85 Decreased By ▼ -0.49 (-1.93%)
TRG 72.69 Increased By ▲ 2.24 (3.18%)
UNITY 33.27 Decreased By ▼ -0.12 (-0.36%)
WTL 1.72 No Change ▼ 0.00 (0%)
BR100 12,006 Increased By 111.6 (0.94%)
BR30 37,214 Increased By 359.7 (0.98%)
KSE100 111,460 Increased By 1036.7 (0.94%)
KSE30 35,061 Increased By 283.4 (0.81%)

US President George W. Bush urged the Pacific Rim's economic powerhouses on Friday to help secure elusive global deals on trade and climate change and pledged an "unshakeable" commitment to the region's security.
In a wide-ranging speech on the eve of an Asia-Pacific summit, Bush sought to reassert his influence in a part of the world critics have accused him of neglecting because of his preoccupation with the unpopular war in Iraq.
Trying to reassure Asian allies of his devotion to trade liberalisation, Bush said he was ready to show flexibility to help jump-start the moribund Doha round of world trade talks, which he called a "once-in-a-generation" opportunity. But he warned that intransigence by just a handful of countries could bring negotiations to a standstill.
"The United States is committed to seizing this opportunity and we need partners in this region to help lead the effort," Bush told business leaders at Sydney's Opera House.
Bush also pressed the 21-member Asia Pacific Economic Co-operation forum to work toward a consensus on combating global warming, which the summit's host, Australian Prime Minister John Howard, has placed at the top of the agenda.
Bush is pushing for the world's biggest polluters to work toward setting a long-term goal of cutting greenhouse gas emissions. But many environmentalist say his resistance to mandatory US emissions caps undermines this effort. Bush also used his speech to press for democratic reforms.
A day after meeting Chinese President Hu Jintao, Bush urged China, with the approach of the 2008 Beijing Olympics, "to use this moment to show confidence by demonstrating a commitment to greater openness and tolerance".
Hours before talks with President Vladimir Putin, Bush said the United States would encourage Russian leaders "to respect the checks and balances that are essential to democracy".
SECURITY THREATS Bush insisted the United States and its Asian allies must remain united against common security challenges, such as Islamic militancy threatening parts of Southeast Asia. "America is committed to the security of the Asia-Pacific region, and that commitment is unshakeable," Bush said.
He made no mention, however, of the North Korean nuclear stand-off, possibly because of recent progress toward getting Pyongyang to dismantle its nuclear programs. Bush also used his speech to defend the Iraq war, which has damaged his administration's credibility at home and abroad. Public opposition to the war has made him even less popular in parts of Asia than he is at home.
Asia-Pacific countries were also at odds over how to tackle climate change. Australia's draft declaration calls for a new global framework that would include "aspirational" targets on lowering greenhouse gas emissions, which scientists say is causing the climate to change.
Australia, backed by the United States, says the Kyoto Protocol is flawed because it does not commit big polluters in the developing world, such as India and China, to the same kind of targets as industrialised nations. The Bush administration is concerned that accepting numerical targets without emerging powers joining in would put US business at a competitive disadvantage.

Copyright Reuters, 2007

Comments

Comments are closed.