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APEC Ministers Say Free And Fair Trade Key For Economic Recovery

APEC Ministers Say Free And Fair Trade Key For Economic Recovery

Ministers from AsiaPacific countries on Tuesday said free, fair and nondiscriminatory trade practices were key to economic recovery during the coronavirus pandemic.

KUALA LUMPUR: Ministers from Asia-Pacific countries on Tuesday said free, fair and non-discriminatory trade practices were key to economic recovery during the coronavirus pandemic.

Ministers from the 21 countries in the Asia-Pacific Economic Cooperation (APEC) group also said in a joint statement that any emergency trade measures designed to address COVID-19 should be targeted, proportionate and not create unnecessary barriers to trade.

“We recognise the importance of a free, open, fair, non-discriminatory, transparent and predictable trade and investment environment to drive economic recovery at such a challenging time,” the ministers said.

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