APEC to boost regional trade

As consumer spending eclipses trade in driving economic growth, the 21 economies of the Pacific rim are stepping up efforts to reduce tariffs, barriers in the services sector and bottlenecks in trade facilitation.

APEC remains committed to economic integration

With several trade agreements moving forward, e.g. the Comprehensive and Progressive Agreement of the Trans-Pacific Partnership and the Pacific Alliance, prospects for regional economic integration remain positive.