RTTNews - The global economy appears to be bottoming out, but the outlook remains uncertain and significant risks remain, a statement issued by the Asia-Pacific Economic Cooperation trade ministers showed Wednesday.
At the conclusion of a two-day meeting in Singapore, ministers pledged to continue efforts to support growth and facilitate trade and investment flows.
They said sustaining trade and investment flows remains critical to the region's future prosperity. Rising protectionism and continued delay in concluding the Doha Round are main threats to the region's recovery.
Concluding the Doha Round by 2010 will be the most effective way to resist protectionism and strengthen the multilateral trading system, APEC said.
APEC trade ministers pledged to position the Asia-Pacific region for a strong and sustained recovery.
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