APEC Leaders Call For Greater Macroeconomic Cooperation
"We reiterate our firm belief that free-market principles, and open trade and investment regimes, will continue to drive global growth, employment and poverty reduction," said heads of state and government participating in the Asia-Pacific Economic Cooperation summit in Lima. The leaders warned against protectionism, saying that it would worsen the current scenario.
"There is a risk that slower world growth could lead to calls for protectionist measures, which would only exacerbate the current economic situation," the statement said.
Several Pacific Rim leaders, including U.S. President George W. Bush, said protectionism at this point would have debilitating impacts on the world economy.
Leaders also called for a speedy and "balanced" conclusion to the Doha Round of trade talks.
-By Leslie Josephs, Dow Jones Newswires; 511-211-2689; peru@dowjones.com
Click here to go to Dow Jones NewsPlus, a web front page of today's most important business and market news, analysis and commentary: http://www.djnewsplus.com/al?rnd=rCSkXsgfWtl6uJh5Tug%2BKA%3D%3D. You can use this link on the day this article is published and the following day.
(END) Dow Jones Newswires
November 22, 2008 16:19 ET (21:19 GMT)
Publié le 22 novembre 2008 Copyright © 2008 Dowjones
Partager sur:
