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APEC committed to building seamless regional economy


13:56, November 14, 2011

Chinese President Hu Jintao (2nd L, front) and leaders of other APEC members pose for group photo during the 19th Asia-Pacific Economic Cooperation (APEC) Informal Leadership Meeting in Honolulu, Hawaii, the U.S., on Nov. 13, 2011. (Xinhua/Zhang Jun)

HONOLULU, United States, Nov. 13 (Xinhua) -- Leaders of the Asia-Pacific Economic Cooperation (APEC) forum said here Sunday that they are committed to building a seamless regional economy through joint efforts.

"In APEC this year, we have committed to taking concrete steps toward a seamless regional economy, in order to link our economies and markets ever closer together, to the benefit of all," said "The Honolulu Declaration -- Toward a Seamless Regional Economy," which was posted on APEC's official website.

"We meet at a time of uncertainty for the global economy. Growth and job creation have weakened in many economies, and significant downside risks remain, including those arising from the financial challenges in Europe and a succession of natural disasters in our region," the document said.

The declaration added these challenges have only strengthened member economies' commitment to cooperation as the way forward. "Building on the Yokohama Vision, we firmly resolve to support the strong, sustained, and balanced growth of the regional and global economy," the statement said.

Leaders of the 21-member APEC said that they have recognized that further trade liberalization is essential to achieving a sustainable global recovery in the aftermath of the global recession of 2008-2009.

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