APEC Ministerial Conference took place in Vladivostok, Russia, on September 5.
The conference discussed issues on global value chains, food security, Doha Development Agenda, multilateral co-operation, and trade and development innovation. It also reached tariffs deal on an extended list of environmental goods.
Asia-Pacific Economic Cooperation (APEC), established in 1989, is a forum for 21 Pacific Rim member economies to support sustainable economic growth and prosperity by promoting free trade and economic cooperation in the Asia-Pacific region. APEC focuses on three key areas:
- Trade and Investment Liberalization
- Business Facilitation
- Economic and Technical Cooperation
The APEC Ministerial Conference sets the stage for the 2012 APEC Economic Leaders’ Meeting, hosted by Russian President Vladimir Putin, in Vladivostok on September 8-9.
For more information: http://www.apec.org/