Eminent opinion leaders and economic experts from throughout the Asia-Pacific region called on countries to begin structural reforms to prevent the re-emergence of the imbalances that characterized the region’s growth in the lead up to the last financial crisis.

The 19th General Meeting of the Pacific Economic Cooperation Council (PECC) concluded in Tokyo on Friday with a statement highlighting concerns over the continued fragility of the global economic recovery.

“The APEC and G20 meetings come at a critical time to restore confidence in international cooperation at a time of rising tensions,” said PECC co-chairperson Jusuf Wanandi in a media release.

PECC is a tripartite network of 26 member committees comprised of individuals and institutions dedicated to the promotion of regional cooperation and dialog. PECC is only non-governmental official observer at the...