APEC ministers say free and fair trade key for economic recovery

KUALA LUMPUR (Reuters) - 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

Reuters November 17, 2020 00:07:01 IST
APEC ministers say free and fair trade key for economic recovery

APEC ministers say free and fair trade key for economic recovery

KUALA LUMPUR (Reuters) - 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.

(Reporting by Joseph Sipalan and A. Ananthalakshmi; Editing by Hugh Lawson)

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