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The Asia-Pacific Economic Cooperation group faces “political” hurdles in its vision to form a region-wide free trade area, Singapore Prime Minister Lee Hsien Loong said.
Controlling currency levels is a form of protectionism that policy makers must avoid “by all means,” said the incoming chair of the Asia-Pacific Economic Cooperation’s Business Advisory Council.
Asia-Pacific leaders said the economic recovery isn’t on a “solid footing” yet, pledging to maintain stimulus measures until there is “durable” growth.