1.   Banks, securities firms and insurance companies all stand to benefit from an agreement to allow foreign competitors to offer financial services in APEC member economies.

2.   He also urged other member economies to do so.

3.   Senior APEC officials will discuss the offers in October, before leaders from each member economy meet in Vancouver, British Columbia, in November.

4.   So instead Taiwan sent its central bank governor, participating as a member economy.

5.   The APEC Business Advisory Council will draw three business representatives from each member economy.

6.   Abac, the business arm of Apec, is made up of two or three senior executives from each of the member economies.

7.   Abac members were also in agreement with the need for a regional surveillance mechanism to identify potential risks in member economies which could eventually disrupt financial stability.

8.   Abac consists of senior business people appointed by leaders of Apec member economies to advise them on issues affecting business in the Asia-Pacific region.

9.   Another agreement reached during the three-day conference which ended on Wednesday was the implementation of electronic commerce in all member economies.

10.   But he said he hoped APEC would still take up proposals to stimulate member economies.