APEC vows to avoid mishaps http://www.authorstream.com/Presentation/freddiecotter-1958419-apec-vows-avoid-mishaps/ Amid a backdrop of weakening global trade and slower growth in the region, the leaders of 21 Pacific-rim economies pledged to implement prudent policies to maintain stability at the APEC Summit in Nusa Dua, Bali, on Tuesday. As the leaders wrapped up the summit, they declared the need to strengthen macroeconomic policies and work together to promote sustainable and inclusive growth in the region. “We will implement prudent and responsible macroeconomic policies to ensure mutually reinforce able growth, to maintain economic and financial stability in the region and prevent a negative spillover effect,” said the leaders’ joint declaration. The need for a sound policy was recognized amid fresh concerns over the state of the US economy, following a budget impasse that disabled some government functions in the world’s largest economy. Unsound budget policies have caused a global spillover effect as growth in the US economy is predicted to contract. US President Barack Obama’s absence at the summit, due to the impasse, to some extent affected the progress of the Trans-Pacific Partnership (TPP) negotiations, all the members of which are APEC countries.

1. APEC vows to avoid mishaps
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2. APEC vows to avoid mishaps
http://www.thejakartapost.com/news/2013/10/
Amid a backdrop of weakening global trade
and slower growth in the region, the leaders
of 21 Pacific-rim economies pledged to
implement prudent policies to maintain
stability at the APEC Summit in Nusa Dua,
Bali, on Tuesday.

3. APEC vows to avoid mishaps
As the leaders wrapped up the summit, they
declared the need to strengthen
macroeconomic policies and work together to
promote sustainable and inclusive growth in
the region.

4. APEC vows to avoid mishaps
“We will implement prudent and responsible
macroeconomic policies to ensure mutually
reinforce able growth, to maintain economic
and financial stability in the region and
prevent a negative spillover effect,” said the
leaders’ joint declaration.

5. APEC vows to avoid mishaps
The need for a sound policy was recognized
amid fresh concerns over the state of the US
economy, following a budget impasse that
disabled some government functions in the
world’s largest economy.

6. APEC vows to avoid mishaps
Unsound budget policies have caused a global
spillover effect as growth in the US economy
is predicted to contract.

7. APEC vows to avoid mishaps
US President Barack Obama’s absence at the
summit, due to the impasse, to some extent
affected the progress of the Trans-Pacific
Partnership (TPP) negotiations, all the
members of which are APEC countries.

8. APEC vows to avoid mishaps
His absence also paved the way for China, Russia and Japan to
assert their influence in the region.
Aside from concerns over policy mishaps, the leaders also
agreed to guard against pressure to raise new trade and
investment barriers.
“To that end, we extended our standstill commitment until
the end of 2016 and reaffirmed our pledge to roll back
protectionist and trade-distorting measures.”