APEC ministers extend anti-protectionism measures.

SINGAPORE, Nov 12, SPA -- Asia-Pacific trade and foreign ministers, wrapping up their meetings in Singapore on Thursday, decided to extend their anti-protectionism measures agreed in July to 2010, Reuters reported. The 21 Asia Pacific Economic Cooperation (APEC) economies pledged to refrain from raising new barriers to trade and investment, said a final statement from the joint APEC ministerial meeting. "We note that a pick-up in trade and investment was contributing to the recent rebound in economic activity, but evidence of an increasing use of trade remedies indicates that risks relating to to protectionism and recovery remain," a final statement from the APEC ministerial meeting said. A review of trade, fiscal and monetary measures among member economies that began in July to insure they were not protectionist would continue to 2010, the statement said. APEC ministers said they were concerned at the lack of substantive progress on concluding the round of world trade talks launched in Doha in 2001 and called for a deal next year. The Doha round of world trade talks was launched eight years ago to help poor countries prosper through trade.

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