Saturday, November 19, 2016

Ministers APEC strongly endorse free trade and reject protectionism – AméricaEconomía.com

Lima. The ministers of Foreign affairs and Trade of the 21 economies that make up the Forum of Asia-Pacific Economic Cooperation (APEC) gave appointments for Thursday and Friday in the peruvian capital, Lima, in an effort to renew its focus on globalization and international trade.

at The opening on Thursday the Ministerial Meeting of the APEC in 2016, the second vice-president of Peru, Mercedes Araoz, urged the ministers to reaffirm the value of free trade.

“You see what is happening now in the world, this situation is contrary to the globalization that we face. What are there in the global world for us? Is it worth it to join?Is it worth it to build an agenda of integration or it is only for the large companies and not for us? The most important thing is that people are getting the benefits”, said Araoz.

For his part, the minister of Foreign Trade and Tourism of peru, Eduardo Ferreyros, said: “we Believe firmly that, if we continue to work for the liberalization and facilitation of trade, (…) we’ll generate a greater growth and, in the end, we will establish highest standards of living for our population.”

In the joint statement issued this Friday we highlight a number of priorities that will be presented to the leaders of the 21 APEC economies, during its meeting scheduled for the end of the week.

Among them, the promotion of regional economic integration and the growth of quality, the support to the multilateral trading system, the commitment to the achievement of the Bogor Goals that aim at the trade and investment free and open in the Asia-Pacific region and the defense of the global value chains.

in Addition, the green growth, the strengthening of the connectivity and comprehensive, as well as the efforts to create the Free Trade Area of the Asia-Pacific (FTAAP, English acronym).

participants also made clear their common stance against protectionism and reaffirmed their commitment to roll back protectionist measures and commercially damaging weakening trade and slowing down the progress and recovery of the world economy.

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