APEC leaders endorse Japan-U.S. proposal for Y2K.
Leaders from the Asia-Pacific Economic Cooperation (APEC) forum Monday endorsed a proposal made jointly by Japan and the United States to help APEC member economies tackle the Y2K computer problem.
The "APEC Y2K 100 Days Cooperation Initiative" will require APEC member economies to share expertise and experience about Y2K contingency planning, Japan and the U.S. said in a statement.
"Economies will create networks of experts to exchange information in critical sectors such as electricity, maritime shipping and health," the statement said.
"Participants will develop a global reporting system to exchange information on Y2K failures, building on existing resources such as the International Y2K Cooperation Center."
The Y2K computer bug may cause some older computer programs to crash at the beginning of the new millennium because computers -- many of which measure years by their last two digits -- may mistake 2000 with 1900.
In a declaration adopted Monday after a two-day APEC summit in Auckland, the APEC leaders said, "In a little over 100 days, APEC economies will face the challenges and risks of the century data change."
APEC economies "must continue on efforts to prepare, accelerate cross-border contingency planning, and enhance transparency about readiness as a matter of the highest priority," the leaders said.
As part of the initiative, Japan will host a meeting of energy experts in Tokyo on Sept. 27 and 28 on the occasion of the Asian regional meeting of the International Y2K Cooperation Center.
The U.S. will support the workshops hosted by Peru and South Korea to emphasize contingency plans for cross-border preparations for potential disruptions.
APEC groups Australia, Brunei, Canada, Chile, China, Hong Kong, Indonesia, Japan, Malaysia, Mexico, New Zealand, Papua New Guinea, Peru, the Philippines, Russia, Singapore, South Korea, Taiwan, Thailand, the U.S. and Vietnam.
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|Publication:||Asian Economic News|
|Date:||Sep 20, 1999|
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