APEC formulates new Growth Strategy for region
Beppu, Japan, 8 August 2010 - APEC has committed to pursuing "high quality growth" in a Statement released today at the Growth Strategy High-Level Policy Roundtable held in Beppu, Japan.
APEC's new approach to growth reflects members' continued belief that free and open trade and investment is still key to regional prosperity; but it also recognises that economic growth should incorporate other factors - such as environmental sustainability - that are essential to future prosperity and citizen wellbeing.
Five attributes of quality growth have therefore been selected for action, namely balanced, inclusive, sustainable, innovative and secure growth.