Facing a global economic slowdown and uncertainty in the financial sector, APEC senior officials gathered in St. Petersburg this week to set their priorities for 2012 aimed at boosting growth in trade and investment in Asia-Pacific.
As part of efforts to strengthen policy making in the Asia-Pacific, APEC hosted a conference in Singapore examining the use of Input-Output tables, a valuable statistical resource for many economies.
This weekend’s APEC Leaders’ Summit concluded with a bold announcement on progress with a broad outline of, and framework for, the Trans-Pacific Partnership (TPP) trade agreement.
President Barack Obama and Chinese President Hu Jintao presented dueling trade agendas at a Pacific summit on Saturday that underscored growing tensions between the world's two biggest economies.
Following talks on the sidelines of the Asia-Pacific Economic Cooperation (APEC) Leaders Meeting in Honolulu, the countries negotiating the proposed extension to the Trans-Pacific Partnership (TPP) - Australia, Brunei Darussalam, Chile, Malaysia, New Zealand, Peru, Singapore, the United States and Vietnam – announced they had reached the broad outlines of an agreement.