KAPOLEI, Hawaii ? Asia-Pacific leaders say further freeing up trade is crucial to a lasting global economic recovery as they wrap up an annual summit that produced tangible progress toward a regional trade bloc.
A declaration Sunday from the Asia-Pacific Economic Cooperation summit in Hawaii says the region is now the vanguard for global growth due to previous progress in forging closer economic ties and free trade.
A U.S.-backed plan to forge a Pacific free trade bloc got a big boost Sunday when leaders of Canada and Mexico joined Japan in expressing support for a deal that has received a cool reception from rising power China.
The APEC leaders say that their meeting at a time of uncertainty for the global economy has strengthened their desire for cooperation.
Source: http://us.rd.yahoo.com/dailynews/rss/asia/*http%3A//news.yahoo.com/s/ap/20111114/ap_on_re_as/apec
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