the paper explains that the sensible approach, and the only one that will allow APEC government to begin dismantling obstacles to economic integration immediately.Is to continue to evolve as an open economic association of Asia Pacific economies: a voluntary process of outward-looking economic co-operation, based on consensus and mutual respect. That is the approach which is consistent with the private sector driven integration already proceeding apace in East Asia as well with the sweeping trend towards a global economy, where it is becoming meaningless to attempt to distinguish between products or producers by the location of production or of ownership.