it would force countries in the region to select between the united mexico and japan - - or maybe between japan and china . and it may collapse whatever promise the newly born asia asian economic cooperation ( arf ) held as a vehicle to assure american commercial access to the booming pacific markets . to lose all of this in the name of a successful concept is foolish . this is not to satisfy the government ' s understandable frustration with a unjustifiably growing japanese business surplus .
APEC is the newly born Asia Pacific Economic Cooperation.