Voluntarism
Voluntarism: one of the principles pervading the activities of APEC. By and large, participation in many APEC sub-programs and working groups is voluntary, as long as the end-dates for full trade liberalization expressed in the Bogor Declaration are met. In practice, however, member economies find that it can be quite difficult to opt out of an activity when most of the others are willing to pursue it. The famous example is the APEC initiative for early voluntary sectoral liberalization (EVSL). Some APEC members have complained that in its pursuit of objectives like EVSL APEC came close to acquiring an adversarial negotiating environment resembling that of WTO tariff negotiations. In their view, cooperation forms the foundation of APEC.
Source: http://ctrc.sice.oas.org/trc/WTO/Documents/Dictionary%20of%20trade%20%20policy%20terms.pdf
Web site to visit: http://ctrc.sice.oas.org
Author of the text: W. Goode
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