APEC nations agree to shun protectionist measures
Published: 21 Jul 2009 20:14:01 PSTSINGAPORE, July 22 - Asia-Pacific Economic Cooperation (APEC) countries agreed on Wednesday to shun protectionist measures, saying such policies would be a setback to the global economy.
They also agreed to step up efforts to reach a global trade pact, Singapore trade minister Lim Hng Kiang, the chair of the APEC meeting, told a news conference.
"If protectionism is not controlled, this could be a severe setback for our growth prospects," said Lim, after a two-day trade meeting in Singapore.
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