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Asia-Pacific Experts Urge to Remove Investment Barriers

According to the 2008 report issued by the Pacific Economic Cooperation Council (PECC), experts from the Asia-Pacific Economic Cooperation (APEC) member economies are deeply concerned about how to remove investment barriers in the region.

"Regional experts think this an important issue that should be considered to improve integration in the Asia-Pacific region," said the report's co-auhtor Yuen Pau Woo, president and co-CEO of the Asia Pacific Foundation of Canada.

Yuen Pau Woo pointed out that during this recession period APEC economies must continue reducing barriers to Foreign Direct Investment, so that resources can be used in the most efficient way.

"The worst thing can happen during this global financial crisis is that global economies close their borders to the flow of capitals and goods. The Asia-Pacific region can set an example not only by promoting free trade but also by speeding up needed measures to improve these aspects,” stated the president of PECC, Charles Morrinson.

PECC is a unique tripartite partnership of senior individuals from business and industry, government, academic and other intellectual circles.

News source: Andina

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