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November 24, 2008

News : Financial crisis dominates APEC - Peru




Global financial crisis remains at the forefront of the Asia Pacific Economic Cooperation summit in Lima.

As the APEC meeting draws to a close 21 leaders from Pacific Rim economies backed free trade to help ease the economic crisis.

The leaders are meeting at a time when economies around the world are taking a slamming from the crisis.

The group includes Russia, Indonesia, Australia, Canada. Mexico and the U.S. The member states account for more than half of global output.

Basmah Fahim reports.

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