Apec gives trade a big boost
Alvin Foo
Tue, Nov 10, 2009
The Straits Times

A NEW study shows Apec has succeeded at stimulating trade between its members, contrary to what some critics say.

According to a report released yesterday by a group of economists, Apec members export 2.8 times more to each other, and import 1.9 times more from each other, compared with non-Apec economies.

The study also shows that members of the Asia-Pacific Economic Cooperation grouping trade with each other more than they do with other free trade agreement (FTA) partners.

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