Pakistanis angry over detentions in Times Sq. case Monday, May 24, 2010
ISLAMABAD – Relatives of three men detained by Pakistan for alleged links to the suspect in the attempted Times Square bombing say the men are innocent.
They
AFP - Thursday, August 6TAIPEI (AFP) - - Taiwan's Beijing-friendly government on Wednesday denied boycotting an Australian film festival amid a row over the e
BERLIN (Reuters) - Chancellor Angela Merkel suffered a double blow on Thursday as a senior party ally in east German
Minister seeks closure of anti-Berlusconi websites Wednesday, December 16, 2009
ROME (AFP) - – The Italian government moved Tuesday to close down Internet sites encouraging further violence against Prime Minister Silvio Berlusconi, who
By ELAINE KURTENBACH,AP Business Writer AP - Wednesday, March 18SHANGHAI - Asia's stock market rally seemed to be running out of steam Wednesday, despite an
My Profile
Holiday Gift Guide
Gift ideas & reviews for this holiday season
Start Browsing
You are here:
Home
>
News
>
International
>
Article
Home
Business & Finance
News
U.S.
Politics
International
Technology
Entertainment
Sports
Lifestyle
Oddly Enough
Environment
Health
Science
Special Coverage
Video
Pictures
You Witness
The Great Debate
Blogs
Reader Feedback
Do More With Reuters
RSS
Widgets
Mobile
Podcasts
Newsletters
You Witness News
Make Reuters My Homepage
Partner Services
CareerBuilder
Affiliate Network
Professional Products
Support (Customer Zone)
Reuters Media
Financial Products
About Thomson Reuters
Asian, American leaders back free trade to ease crisis
Sat Nov 22, 2008 8:11pm EST
Email | Print |
Share
| Reprints | Single Page
[-]
Text
[+]
By Paul Eckert and Dana Ford
LIMA (Reuters) - Leaders from Asia and the Americas promised on Saturday to push for a global free trade deal and reform international lenders in an effort to keep the world from sliding into a deep recession.
U.S. President George W. Bush, Chinese President Hu Jintao, Japanese Prime Minister Taro Aso and other members of the 21-nation Asia-Pacific Economic Cooperation group, or APEC, said they would refrain from raising trade barriers over the next 12 months.
They also supported overhauls of the International Monetary Fund, or IMF, and the World Bank at a time when more countries need emergency bailouts to avert devastating economic turmoil.
"The current situation highlights the importance of ongoing financial sector reforms in our economies," the leaders said at the mid-point of a two-day summit meeting at a fortified defense compound in Peru's capital, Lima.
On his last scheduled trip abroad before handing over power to President-elect Barack Obama on January 20, Bush joined his APEC peers in rejecting protectionism as an option if economies worsen.
The leaders also committed to a breakthrough in the stalled Doha round of trade talks before the end of this year.
"It's important for us to continue to work together in this time of economic turmoil," Bush said earlier on Saturday.
The APEC group accounts for more than half of global output and includes countries such as Russia, Indonesia, Australia, Canada and Mexico.
Before the group met, Canadian Prime Minister Stephen Harper and Mexico's Felipe Calderon blamed the United States for starting the crisis and called for better banking regulations.
"Our closest neighbor and largest trading partner is the epicenter of the financial earthquake and global slowdown," Harper said in a speech to business leaders.
Calderon said structural problems in the global economy were allowed to fester before spiraling out of control.
"This wasn't caused by developing countries," he said.
APEC members said they strongly supported recommendations that the Group of 20 leading economies made last week in Washington. Nine of APEC's members belong to the G20.
In Washington, the G20 agreed to strive for a deal on key farm and manufactured goods trade issues in the Doha round by the end of the year. It also pushed for government spending or tax incentives to spur economies and tougher oversight of the financial industry.
OBAMA IN THE WINGS Continued...
View article on single page
Share:
Del.icio.us
Digg
Mixx
My Web
Facebook
LinkedIn
Next Article:
Obama sees long haul ahead, China offers help
Also on Reuters
Video
Clinton reportedly OKs Obama's offer
Even Google scales back on holiday fun
Slideshow
Memorable moments from the world of entrtainment in 2008
Video
Bush pleges new trade push
Play Video
More Video...
Editor's Choice
Pictures
Video
Articles
Slideshow
A selection of our best photos from the past 24 hours. Slideshow
Cameras
Oddly Enough
Banking blues
Top News: Obama pelted with advice on Iran
Business: Ethanol slump blindsides corn growers
Technology: Tech looks to raise bets on healthcare
Most Popular on Reuters
Articles
Video
Recommended
Top Republican says Obama "off to a good start"
Islamists on trail of Somali pirates
Citigroup talking to U.S. government as shares dive: source | Video
Battered E*Trade banking on government funds
Uproar in Maine over Obama assassination sign
UPDATE 2-US clout down, risks up by 2025 -intel outlook
General Motors board weighs bankruptcy option: report
GM cuts output, jets as U.S. demands turnaround plans
Obama says drafting bold economic stimulus
Wal-Mart previews Black Friday deals to draw sales
Most Popular Articles RSS Feed
Video
Clinton reportedly OKs Obama's offer
Mudslides in Venezuela
Obama's economic stimulus plan
Smick: Paulson lacked vision
India milkmen angry over prices
Stocks volatile as fear persists
Afghan acid attackers to be punished
Obama taps Geithner for Treasury-NBC
Iran executes spy acccused
New hybrid camera bridges the gap
Most Popular Videos RSS Feed
The Great Debate
Reinforcing what? The EU's role in Eastern Congo
The EU seems to lack the political will for military invention in eastern Congo. But it might still be a force for good if it can muster diplomatic unity and take on some practical short-term commitments in support of UN forces. Commentary
Reuters Deals
The global destination for corporate leaders, deal-makers and innovators
Knowledge to Act
Reuters.com:
Help and Contact Us |
Advertise With Us |
Mobile |
Newsletters |
RSS |
Interactive TV |
Labs |
Reuters in Second Life |
Archive |
Site Index |
Video Index
Thomson Reuters Corporate:
Copyright |
Disclaimer |
Privacy |
Professional Products |
Professional Products Support |
About Thomson Reuters |
Careers
International Editions:
Africa |
Arabic |
Argentina |
Brazil |
Canada |
China |
France |
Germany |
India |
Italy |
Japan |
Latin America |
Mexico |
Russia |
Spain |
United Kingdom |
United States
Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests.
NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.