APEC United States 2011

Japanese Prime Minister Yoshihiko Noda attends to the summit, following the resignation of Naoto Kan in last August due to poor approval ratings and rebuilding efforts in Tokyo after the felted by 2011 Tōhoku earthquake and tsunami and Fukushima nuclear disaster.

Leaders of nine APEC nations were expected to negotiate on the Trans-Pacific Strategic Economic Partnership, a multilateral free trade agreement.

Leaders pledged to make growth more inclusive through APEC initiatives that will support development of small and medium enterprises, facilitate worker retraining, and enhance economic opportunity for women.

The U.S.-led initiatives will engage with current and potential future members of the Trans-Pacific Partnership Free Trade Agreement to shape a broad-based, comprehensive, and high-standard platform to successfully integrate the economies of the Asia-Pacific.

APEC Leaders endorsed the G20 commitment to rationalize and phase out over the medium-term inefficient fossil fuel subsidies that encourage wasteful consumption.

Leaders commended APEC efforts to review its members’ energy efficiency policies and to foster regional trade in environmental goods and services, which would spur the growth of “green collar” jobs.