Middle East Economic Survey

VOL. XLVIII

No 48

28-November-2005

REGIONAL/GENERAL

APEC Leaders Pledge Action To Tackle High Oil Prices

Leaders of the 21-strong Asia-Pacific Economic Cooperation (APEC) forum said on 19 November that high oil prices were making the region economically vulnerable and pledged to tackle the problem by developing new energy technologies and boosting trade. We shared our concern on the impact of high oil prices and agreed to respond to it urgently by addressing the supply...