Global Financial Crisis Dominates Apec

The global financial crisis remains at the forefront of the Asia Pacific Economic Cooperation summit in Lima. As the APEC meeting draws to a close 21 leaders from Pacific Rim economies backed free trade to help ease the economic crisis.

The leaders are meeting at a time when economies around the world are taking a slamming from the crisis. The group includes Russia, Indonesia, Australia, Canada, Mexico and the U.S. The member states account for more than half of global output.