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Canada's Trade Minister Stockwell Day (C) greets his Malaysian counterpart, Mustapa Mohamed, before the group's photo session of the APEC 2009 Minister Responsible for Trade Meeting in Singapore July 21, 2009.REUTERS/Tim Chong

Canada's Trade Minister Stockwell Day (C) greets his Malaysian counterpart, Mustapa Mohamed, before the group's photo session of the APEC 2009 Minister Responsible for Trade Meeting in Singapore July 21, 2009.

Credit: Reuters/Tim Chong

SINGAPORE | Wed Jul 22, 2009 9:44am IST

SINGAPORE (Reuters) - Asia-Pacific Economic Cooperation (APEC) countries agreed on Wednesday to shun protectionist measures, saying such policies would be a setback to the global economy.

They also agreed to step up efforts to reach a global trade pact, Singapore trade minister Lim Hng Kiang, the chair of the APEC meeting, told a news conference.

"If protectionism is not controlled, this could be a severe setback for our growth prospects," said Lim, after a two-day trade meeting in Singapore.
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