Tuesday, November 18, 2008

Asia-Pacific summit to call against protectionism: Peru

LIMA (AFP) — Leaders of Asia-Pacific economies at an upcoming weekend summit will issue a call against protectionism and backing free trade, despite the global financial crisis, an official from host Peru said Monday.

The 21 nations in the Asia-Pacific Economic Cooperation (APEC) bloc include the United States, China, Japan and Russia. They account for 60 percent of the world's gross domestic product.

A week of APEC meetings kicked off with some 800 business leaders gathering in the Real Felipe fortress, one of Lima's top tourist attractions that was built in the 18th century by Spanish colonial rulers to guard against pirates.

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