Leaders of Asia Pacific Economic Cooperation, APEC, front row from left, Australia’s Prime Minister Malcolm Turnbull, Brunei’s Sultan Hassanal Bolkiah, Canada’s Prime Minister Justin Trudeau, Chile’s President Michelle Bachelet, China’s President Xi Jinping, Peru’s President Pedro Kuczynski, Hong Kong’s Chief Executive Leung Chun-ying, Indonesia’s Vice President Jusuf Kalla, Japan’s Prime Minister Shinzo Abe, South Korea’s Prime Minister Hwang Kyo-ahn and Malaysia’s Prime Minister Najib Razak, and back row from left, Mexico’s Secretary of Economy Ildefonso Guajardo, New Zealand’s Prime Minister John Key, Papua New Guinea’s Prime Minister Peter O’Neill, Philippines’s Secretary of Department of Foreign Affairs Perfecto Yasay, Russia’s President Vladimir Putin, Singapore’s Prime Minister Lee Hsien Loong, Taiwan ‘s special APEC envoy James Soong, Thailand’s Deputy Prime Minister Prajin Juntong, US President Barack Obama and Vietnam’s President Tran Dai Quang, wave during the group photo in Lima, Peru, Sunday, Nov. 20, 2016.
LIMA, Peru >> A declaration released at the close of an Asian-Pacific trade summit says leaders of 21 nations will continue working toward a free trade agreement that would include all their countries.
Members of the Asia-Pacific Economic Cooperation forum denounce calls for protectionist policies amid what the declaration describes as a “slow and uneven recovery from the financial crisis of 2008.”
Prospects for a sweeping new economic pact are shadowed by the free-trade skepticism of U.S. President-elect Donald Trump and Britain’s vote to leave the European Union.
The APEC statement released Sunday in Peru says its members will “resist all forms of protectionism,” including by manipulating currencies and exchange rates.
It also says they will adhere to climate change goals established last year in Paris.
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