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The key to progress and development in the Asia-Pacific region lies in ever-closer cooperation

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The latest Asia-Pacific Economic Cooperation (Apec) summit will take place on November 18-19 in Manila. This year's summit takes place under the motto chosen by the Philippines presidency - "Building inclusive economies, building a better world". For a long time, trade has been the driving force of economic growth in the Asia-Pacific region and other parts of the world. However, as the effect of tariff liberalisation started to wear off, it became clear that we need additional agreements covering services, investment, non-tariff barriers, competition policy and subsidies. Of course, we cannot reach such agreements without complicated negotiations and mutual concessions. Deeper regional...

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