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The APEC Economic Leaders' Meeting has ended in Japan with a joint declaration titled "Yokohama Vision".
It calls for member nations to push ahead with free trade agreements and to roll back protectionist measures put in place during the financial crisis.
The host, Japanese Prime Minister Naoto Kan, announced the "Yokahama Vision" at the end of the two day meeting.
The declaration resolves to develop a vast regional free trade zone, that connects major economies such as the US, China and Japan, with some of the fastest growing emerging economies, comprising the likes of Mexico, Indonesia and Thailand.
Its main points include regional sustainable growth, and ensuring APEC member economies move forward with liberalization of trade and investment.
Naoto Kan, Japanese Prime Minister, said, "We will move forward with trade and investment liberalization, and facilitate and promote deeper economic integration as we pursue an economically integrated community. To realize a free trade area of the Pacific, ASEAN+3, ASEAN+6 and TTP are ongoing regional efforts forming a basis, and are to be further exerted as we move forward towards the realization of the FTA."
The document comes as the world is still trying to overcome a financial crisis. Some APEC leaders say the world economy is improving but is still fragile.
Abhisit Vejjajiva, Thai Prime Minister, said, "Well, the global economy still has risks clearly, and the imbalances -- and we have to manage the capital flows to make sure they don't create bubbles and instability down the line.
The next annual APEC economic Leaders' Meeting will be held in Hawaii, in November 2011.