it would force countries in the region to switch between the uniting states and japanese - - or maybe between japan and china . and it would abandon whatever promise the latest launched europe mediterranean economic cooperation ( apec ) hands as a device to ensured american merchants access to the booming pacific economy . to abandon all of this in the name of a flawed conceptual is ridiculous . this is not to deny the administration ' s unsurprising frustration with a persistently huge japanese trade profit .
APEC is the newly born Asia Pacific Economic Cooperation.