Pres. Bush Returns To White House After APEC Summit

By: Associated Press Email
By: Associated Press Email

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President George W. Bush is back at the White House, after attending his eighth and final summit of the 21-nation Asia-Pacific Economic Cooperation forum in Peru.

Bush got fellow Pacific Rim leaders to endorse comprehensive action to remedy the global financial crisis.

They endorsed the action plan drafted a week earlier in Washington by the Group of 20. That group represents the world's richest nations and major developing countries and includes some of the APEC members.

Both groups are now on record pledging to cooperate on economic stimulus measures, overhaul financial regulation and avoid the temptation to erect new trade barriers during the current downturn.

The Peru meeting boldly declared an end date for the current troubles. The APEC leaders say they're convinced they can overcome the crisis "in a period of 18 months."

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