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Post the G20 summit last weekend which heightened the status of Asian countries on the global platform, Asia-Pacific leaders will meet again this weekend in Lima, Peru to discuss regional solutions to the international problem. A main moot point of the 21 member APEC congress will be to increase global trade and consumption.

As Asian regional clout increases at global conferences such as these,  the world is looking towards them and listening. Asian nations have been trying to persuade global economies to maintain if not increase current levels of trade. Fearing a total collapse of financial order, economies worldwide acting in the interest of emerging Asian nations  are now more effectively looking at ways to continue if not bolster international trade.

“We reaffirm our opposition to trade and investment barriers,” Peru Foreign Minister Jose Garcia Belunde told Bloomberg in Lima. “We’ve decided to continue supporting the multilateral trade system, including the World Trade Organization, and to support a conclusion to the Doha trade round.”

The members of APEC which account for more than half of the world’s GDP and 47 percent of global trade, are also aiming for a quick resolution of the 2001 WTO Doha round of talks which seeks to bolster a deteriorating global economy. India and China recently refuted unfair farm subsidies leading to a deadlock at the WTO.

The biggest member economies in APEC are U.S., Japan, and China. Other members are Australia, Brunei, Canada, Chile, Hong Kong, Indonesia, Malaysia, Mexico, New Zealand, Papua New Guinea, Peru, Philippines, Russia, Singapore, South Korea, Taiwan, Thailand, and Vietnam.