9 September 2012

Tunisia: APEC Promises Growth, Free Markets

Vladivostok — Asia-Pacific leaders meeting in Russian port city of Vladivostok promised to boost growth in an effort to revive the flagging global economy.

During the APEC 2012 Leaders' Week, economic leaders and representatives actively exchanged views on four major issues, including trade and investment liberalisation, regional economic integration, strengthening food security and establishing reliable supply chains, as well as co-operation to foster innovative growth.

Russian President Vladimir Putin told the meeting's concluding news briefing the gathering had achieved all the goals set for it and the business community had received the necessary signal.

"We believe that the tasks set by the summit in Vladivostok have been fully achieved... We managed not only to preserve the continuity of APEC activities, but to set new horizons and most importantly give a positive signal to business circles," Putin said.

After intensive discussions, the leaders issued a joint declaration, outlining pathways to strengthen the Asia-Pacific region's prosperity and leadership in the global economy.

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