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APEC finance ministers meet in Moscow

08-31-2012 10:54 BJT

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APEC finance ministers gathered in Moscow today, to prepare a final draft of recommendations for the APEC Leaders Meeting in Vladivostok, which will take place on September 8th and 9th.

The meeting will mainly focus on the eurozone crisis, and the role emerging economies in Asia can play in boosting the global economy. This week’s meeting of senior finance officials in Moscow is part of the final run-up for the summit.

Last year, in a bid to boost trade and help the environment, APEC leaders agreed to a goal of cutting tariffs on a range of environmentally-friendly goods to five percent or less by 2015. Since then, negotiators from the 21 economies have been talking over which products would be covered by the tariff caps. They hope to reach an agreement by the time the Vladivostok meeting commences.

Editor:Wang Xiaomei |Source:

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