AFP, 24 Nov 2008
LIMA (AFP) — The global financial crisis has unwittingly restored the pursuit of trade and investment as a core goal of the APEC forum as security issues were confined to the periphery at its latest summit in Lima.
The leaders of the 21 economies of the Asia-Pacific Economic Cooperation (APEC) grouping at the weekend grappled with the financial turmoil that is threatening to plunge the world into a recession.
Aside from the financial crisis and economic slowdown, Singapore will give attention to APEC's ambitious bid to forge a regionwide free trade zone.
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