The meeting, chaired by Peruvian President Alan Garcia Perez, focused on the global financial crisis, the fluctuation of food and goods prices, and the Doha round of the World Trade Organization (WTO) trade talks.

Triet called on major economies of the Asia-Pacific Economic Cooperation (APEC) forum to open their markets, restore confidence, combat all forms of subsidy, accelerate the Doha Round of WTO talks, and continue giving priority to challenges related to poverty, diseases and the environment.

To assist developing economies implement the Millennium Development Goals, Vietnam and the Republic of Korea proposed that developed APEC economies should continue providing them with official development assistance (ODA).

At the meeting, APEC leaders adopted the Lima declaration on the global economy, with resolve to speed up financial reform in member economies, reform the international financial system, combat subsidy moves and push for the signing of a WTO agreement on tax reduction next month.

Earlier in the day, Triet held talks with representatives of the US Business Alliance at APEC, which was set up in 1993 to handle the US business operations with regional economic groups.

Triet affirmed that Vietnam always welcomes US businesses to the country.

Representatives of US businesses said they considered Vietnam a dynamic economy in APEC with a transparent investment environment.

Source: VNA