Last week, leaders attending the 17th Annual Asia-Pacific Economic Cooperation Leaders' meeting in Singapore, reaffirmed their commitment to refrain from raising new barriers to investment or to trade in goods and services. At that same meeting President Obama said his administration wants to complete an ambitious and balanced Doha agreement and he called on others to join the United States at the negotiating table.
Also, the President urged all APEC member economies to work together to address the shared challenge of climate change. The members called for collective action by all economies and committed to reaching an ambitious outcome in Copenhagen in December.
The APEC leaders also endorsed the G20 commitment to rationalize and phase out over the medium-term inefficient fossil fuel subsidies that encourage wasteful consumption. And as for food security the leaders instructed their officials to implement programs aimed at improving agricultural productivity and enhancing agricultural markets in the APEC region.
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