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APEC injects new impetus into integration, growth

By Han Liang, Liu Kai (Xinhua)

09:04, September 10, 2012

Participants pose for a group photo during the 20th APEC Economic Leaders' Meeting in Vladivostok, east Russia, Sept. 9, 2012. (Xinhua/Rao Aimin)

VLADIVOSTOK, Sept. 9 (Xinhua) -- Economic leaders of the Asia-Pacific Economic Cooperation (APEC) members wrapped up their two-day annual meeting on Sunday with a pledge to promote integration and innovative growth.

Against the backdrop of a bumpy recovery of the world economy and a slowdown of emerging markets, APEC economies need to turn words on paper without legal binding into concrete steps, to inject new impetus into growth in the Asia-Pacific Rim and the prosperity of the world as a whole, experts say.

TANGIBLE FRUITS

Under the theme of "Integrate to Grow, Innovate to Prosper," APEC leaders agreed that robust international trade, investment and economic integration were key drivers of strong, sustainable and balanced growth.

After a week of intensive negotiations, policymakers of the 21-member bloc worked out clear strategies for the region's future, especially on promoting trade and investment liberalization, fostering economic integration, safeguarding food safety, building reliable supply chains and facilitating innovative growth.

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