November 14, 2011APEC committed to building seamless regional economy
Honolulu, United States, Leaders of the Asia-Pacific Economic Cooperation (APEC) forum said here Sunday that they are committed to building a seamless regional economy through a host of joint efforts.
"In APEC this year we have committed to taking concrete steps toward a seamless regional economy, in order to link our economies and markets ever closer together, to the benefit of all," said ..
"The Honolulu Declaration -- Toward a Seamless Regional Economy,"
"We meet at a time of uncertainty for the global economy. Growth and job creation have weakened in many economies, and significant downside risks remain, including those arising from the financial challenges in Europe and a succession of natural disasters in our region," noted the document.
"These challenges have only strengthened our commitment to cooperation as the way forward. Building on the Yokohama Vision, we firmly resolve to support the strong, sustained, and balanced growth of the regional and global economy," said the statement.
Leaders of the 21-member APEC said that they recognized that further trade liberalization was essential to achieving a sustainable global recovery in the aftermath of the global recession of 2008-2009.
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