Asia-Pacific leaders pledge to move to free-trade area

This comes from the BBC:

"Leaders of the 21-member Asia-Pacific Co-operation (Apec) forum have pledged to move towards creating a regional free-trade area.

The agreement was announced at the end of a two-day summit in Yokohama, Japan.

The move would link the world's three biggest economies - the United States, Japan and China.

However, deep differences remain - chiefly between the US and China - over trade imbalances and currency distortions.

Washington wants to increase its own exports to the region, and believes China's cheap currency is a barrier to that goal.

Chinese President Hu Jintao has said any change will only be made at Beijing's own pace."

Check out the full story at www.bbc.co.uk...

Is this another step towards a one world currency? Another step towards a one world bank?