The Dialogue agreed to invite each economy, and the APEC industry, to report on the impact of counterfeiting, piracy and the unauthorised use of industrial designs on trade and investment in the automotive sector. These reports will be drawn together and discussed at the next APEC IPEG meeting. JAMA will continue to coordinate work on intellectual property issues in the Dialogue. Liberalisation will inevitably involve pain, in the form of costs of adjustments, but these costs are likely to be smaller when governments commit to an explicit liberalisation timetable that contributes to greater confidence among investors. Liberalisation programs should also include reference to non-tariff measures.
Foreign investment can help reduce the costs of adjustment and promote trade.
Explicit regional commitments can help the reform process, when members of regional groupings first integrate with their closer trading partners with the long-term goal of becoming globally competitive. The Dialogue agreed that the APEC process includes many activities that contribute to meeting the challenges evident in these themes. The Dialogue considered the diverse range of issues now confronting the regional supplier industry. Industry participants made several suggestions for ways to survive the current crisis and to promote long-term growth. The U.S. will lead a group to conduct ongoing discussions to produce a report devoted to rescue and improvement.