Original sentence: Despite cultural and geographical differences, the four member countries share certain similar attributes: all are relatively small countries (no more than 16m habitants) and are members of the Asia-Pacific Economic Cooperation (APEC).The aim of the agreement is to eliminate 90 percent of all tariffs between member countries by 1 January 2006 and reduce all trade tariffs to zero by 2015
Edited sentence: Despite cultural and geographical differences, the four member countries share certain similar attributes: all are relatively small countries (no more than 16m habitants) yet are considered to have very open and dynamic economies as well as being members of the Asia-Pacific Economic Cooperation (APEC).Furthermore, it is viewed as being an important contribution to the goal of a free trade agreement throughout the APEC countries.The agreement is viewed as being beneficial for all parties by providing a three-way bridge across the Pacific Ocean between Southeast Asia, Oceania and South America.The aim of the agreement is to eliminate 90% of all tariffs between member countries by 1 January 2006 and reduce all trade tariffs to zero by 2015