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 Asia-Pacific leaders pledge to move to free-trade area

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RR Phantom

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Asia-Pacific leaders pledge to move to free-trade area Vide
PostSubject: Asia-Pacific leaders pledge to move to free-trade area   Asia-Pacific leaders pledge to move to free-trade area Icon_minitimeSun Nov 14, 2010 2:50 am
Leaders of the 21-member Asia-Pacific Co-operation (Apec) forum have pledged to move towards creating a regional free-trade area.

The agreement was announced at the end of a two-day summit in Yokohama, Japan.

The move would link the world's three biggest economies - the United States, Japan and China.

However, deep differences remain - chiefly between the US and China - over trade imbalances and currency distortions.

Washington wants to increase its own exports to the region, and believes China's cheap currency is a barrier to that goal.

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