A plan has been put in place to boost investments in the Asia-Pacific Region (APR). The recent Asia-Pacific Economic Co-operation (APEC) conference encountered discussion on improving conditions in the region for potential investors. It is believed that there is plausible reason to anticipate a boom in trade.
APEC – launched at the end of 1989 – connects America, Australia, Canada, China, Japan, Malaysia, and other countries, totaling 21 members. Its most recent meeting was held a few days ago in Qingdao, China, with a goal of boosting partnership relations in the region.
Russian Minister of Economic Development Aleksey Ulyukayev expanded on the specifics of the goals. He said the aims were boosting activity on the Doha Round format, improving conditions in the Asia Pacific region, making a better case for Kazakhstan to join WTO.