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APEC leaders say free, open trade and investment key for region

Published 11/20/2020, 11:01 PM
Updated 11/20/2020, 11:10 PM

KUALA LUMPUR, Nov 20 (Reuters) - Members of the Asia-Pacific
Economic Cooperation (APEC) on Friday said free, open,
non-discriminatory and predictable trade and investment are
needed to drive economic recovery from the coronavirus pandemic.
The bloc's 21 members also reaffirmed support for
"agreed-upon rules of the WTO" in promoting stability and
predictability of international trade flows, in a joint
declaration released after the APEC leaders' summit hosted
virtually by Malaysia.
This was APEC's first joint communique in three years.
Countries failed to come to an agreement in 2018, after talks
were stymied by disagreements over trade and investment between
the United States and China, and last year's gathering in Chile
was cancelled due to violent street protests.

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