Apec leaders make free-trade vow (BBC News)


  • Global Moderator
  • Hero Member
  • *****
    • Posts: 73759
    • Gender:Female
  • Vicky Papaprodromou
Apec leaders make free-trade vow

Apec leaders said trade barriers would stifle global economic growth

Leaders from Asia-Pacific countries have pledged not to respond to the global financial crisis by raising trade barriers over the next year.

In a statement issued at an Apec summit in Peru, they said protectionism would only worsen a difficult situation.

US President George W Bush urged Apec countries, which account for half the world's economic activity, to rely on free markets to resolve the crisis.

The meeting is Mr Bush's last scheduled foreign trip as US president.

The statement was issued at the half-way point of the Asia-Pacific Economic Cooperation (Apec) summit.

"There is a risk that slower world economic growth could lead to calls for protectionist measures which would only exacerbate the current economic situation," the Apec leaders said in their joint statement.


Full article at: http://news.bbc.co.uk/2/hi/americas/7744311.stm
Ο λόγος είναι μεγάλη ανάγκη της ψυχής. (Γιώργος Ιωάννου)


Search Tools