Pacific Rim rules out food export limits

Asia-Pacific nations including China, the US and Japan promised measures to boost growth yesterday and rejected limits on food exports to try to revive the flagging global economy.

Countries on the Pacific Rim ended a two-day summit on an island off the Russian port city of Vladivostok by expressing concern about the state of the world economy, global food security and growing signs of protectionism.

The 21 members of the Asian-Pacific Economic Co-operation (Apec) group agreed to slash import duties on green technology, take steps to bolster growth and liberalise trade to counter problems heightened by Europe’s debt crisis.