(Source: President of the United States) President Barack Obama met with Leaders of the Asia-Pacific Economic Cooperation (APEC) forum in Manila to adopt a set of ambitious initiatives under this year's theme of 'Building Inclusive Economies, Building a Better World.' Now in its 26th year, APEC has contributed to a tremendous rise in economic prosperity that directly benefits approximately 40 percent of the global population who live in APEC economies. Since APEC's establishment in 1989, members have seen a ten percentage point reduction in their average applied tariff rate, trade grow to $20 trillion, and their collective GDP rise to 58 percent of the global total. Under the chairmanship of...
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