APEC Leaders Urged to Abandon Trade Measures Inconsistent with WTO
The leaders of the member states of the Asia-Pacific Economic Cooperation (APEC) urged countries in the context of the coronavirus pandemic not to use trade measures that do not comply with WTO rules, according to the 2020 Kuala Lumpur Declaration.
On Friday, Russian President Vladimir Putin took part in a videoconference at a working meeting of the leaders of the economies of the APEC forum. During the meeting, the aforementioned declaration was adopted, as well as the leaders’ statement on the Putrajaya guidelines for the development of APEC until 2040.
“We welcome steps to facilitate trade and call on economies not to use emergency trade measures that do not comply with WTO rules in the context of the COVID-19 pandemic,” the document, published on the Kremlin’s website, says.
The APEC leaders also agreed to join forces to simplify conditions for the safe movement of vital goods, services and people, identify and remove unnecessary barriers to trade, and increase the resilience of supply chains for various goods
The meeting was chaired by Malaysian Prime Minister Muhiddin Yassin. Its main topic was the ways of overcoming the socio-economic consequences of the pandemic of the new coronavirus infection, as well as the prospects for cooperation within the APEC framework, including the issues of ensuring free trade and increasing investment.
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