Leaders of the Asia-Pacific Economic Cooperation (APEC) group stress the importance of transparent world markets, the final declaration issued at the end of the summit in Peru’s capital Lima said.
"We recognize that energy access and energy security are critical to the shared prosperity and future of the region. We also underline the importance of stable and transparent world energy markets," the document read.
The leaders reaffirmed their readiness to further enhance energy cooperation, including areas such as renewable energy sectors and energy efficiency "to create necessary conditions for trade, investment and economic growth, ensuring that all the economies of the region have access to energy."
APEC is an international forum bringing together the world’s 21 leading economies to cooperate in trade and economic development in the region. The forum’s main objective until 2020 is creating a system of free trade and liberal investment regime in the Asia-Pacific region.