The APEC has boosted the commitment of its members to cooperate to advance in free trade. Analysts see this as a positive sign for the overall economy but dissension should appear against protectionism and structural reforms must be implemented to more balanced growth. Immediately the report.
The leaders of the Asia-Pacific vowed free trade to strengthen their economies and reduce free trade barriers. Analysts say it's a positive sign for the world economy plagued by recession.
Zhang Yunling, Director
Studies Centre for Regional Security
"They show their willingness to cooperate to put economic development on track and report that the region needs to liberalize and encourage world leaders to face new economic challenges."
The summit this year focused on the establishment of a regional economy fluid. The leaders of 21 countries believe free trade it is essential to further liberalize the economy to achieve sustained recovery in the global economy. However one expert warned that countries should be vigilant to prevent protectionism.
Liqing Zhang, Dean
Univ. Central Finance and Economy.
Free trade"One of the keys is the fight against protectionism. We have recently seen U.S. lawmakers propose protectionist measures. I think to solve their deficit problem outside the United States should develop their exports to China and reduce their restrictions on hi-tech products. "
The joint statement issued at the end of the summit expresses a strong commitment to support a strong and sustainable economic growth regionally and internationally. But analysts point out that the APEC countries will also need structural reforms and to be aware of their own risk.
Liqing Zhang, Dean
Central University of Finance and Economy
"The United States should take credible steps to ensure the free trade safety of their fiscal policy mid-term and accelerate the structural reform of their economies. As for emerging economies, they should take steps to curb inflation, manage asset bubbles and, if necessary, take control of capital flows. "
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