APEC to ease capital flow

Mon, 29 Aug 1994 | Source: AFP

TOKYO (AFP): A document to be adopted at an informal summit of the Asia-Pacific Economic Cooperation (APEC) forum this year seeks to ease restrictions on foreign investment in the region, a daily said here Saturday.

The document, drafted by Australia and shown to APEC members, stresses that investment is vital for employment and economic growth in the Asia-Pacific region, the Yomiuri Shimbun said.

The 1994 informal APEC summit will be held in Indonesia in November. A similar summit was held in Seattle last November.

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