BREAKING NEWS

APEC leaders seek Pacific-wide free trade zone

By ASSOCIATED PRESS

NOVEMBER 14, 2010 16:27

YOKOHAMA, Japan — Leaders of the Pacific Rim economies that have spearheaded the still-fragile global recovery agreed Sunday to work toward building a regionwide free trade zone they say is the lynchpin for sustainable growth.

From Brunei to China, the 21-member Asia-Pacific Economic Cooperation forum unanimously pledged to avoid raising more trade barriers and to roll back those they may have erected in the midst of crisis.

"We reaffirm our unwavering commitment to achieving free and open trade and investment in the region," the leaders said in a declaration released after their two-day summit ended Sunday. "We must take steps to build a foundation for stronger, more sustainable and more balanced growth in the future."

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