Business and Economy
Pacific Rim countries seek accord on open markets at APEC
The Vietnamese trade minister said he hoped the ministers would draft a strong message in favour of free and open trade and investment. (Photo by Maurice Koop/Flickr, CC BY-ND 2.0)
DANANG, Vietnam— Foreign and trade ministers of 21 Pacific Rim economies are meeting in Danang, Vietnam, hoping to reach a consensus on open markets and other strategic issues ahead of their regional summit on Friday.
Vietnam’s foreign minister Pham Binh Minh started out the talks on Wednesday by underscoring the challenges faced by the members of the Asia-Pacific Economic Cooperation forum despite recent improvements in regional and global growth.
He noted the recovery from the global crisis was not complete.
Many in the region worry over how efforts to boost productivity through automation might affect their own lives.
But he said Vietnam has benefited greatly from APEC’s work.
The Vietnamese trade minister said he hoped the ministers would draft a strong message in favour of free and open trade and investment.
