Business News: Talk of an Asian Free-Trade Zone

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Leaders of 16 Asian nations meeting in the Philippines discuss creating an Asian free-trade zone. The leaders signed an energy pact on Monday aimed at reducing oil dependency and greenhouse-gas emissions.


The business news starts with talk of an Asian free trade zone.

That talk comes from leaders of 16 Asian nations who are meeting in the Philippines. Global trade talks have stalled and Pacific Rim countries are trying to hammer out regional deals. Today the group signed an energy pact aimed at reducing oil dependency and greenhouse gas emissions.

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