• APEC meetings kick off in Bali, focused on multilateralism

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    The 21-member Asia-Pacific Economic Cooperation forum on Tuesday kicked off a series of meetings on Bali aimed at restoring trust in multilateralism and resisting protectionist pressures, which have been rising amid the slowdown of the global economy.

    Over the next two days, senior officials from the Pacific Rim economies will discuss issues to be tackled by their ministers when they meet Friday and Saturday ahead of the annual APEC summit, which will take place Monday and Tuesday on this Indonesian resort island.

    Besides issuing a joint declaration as they typically do at the end of their talks, this time APEC leaders will also issue a separate statement reaffirming their commitment to strengthening the multilateral trading system and safeguarding trade expansion to facilitate economic growth, job creation and sustainable development, officials said.PNA

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