But Fiat was slow to adapt to a more competitive market after the gradual removal of trade barriers.

CNN: Agnelli: The playboy industrialist

That would be a shame: He has been an eloquent advocate for the removal of trade barriers with Latin American countries.

FORBES: People

"If we see a headline relating to the commitment of APEC leaders to accelerate the pace of liberalization and the removal of barriers to trade despite the turmoil, that would be a very good result, " says Robert Denham, chairman of U.S. investment house Salomon Inc. and a member of the APEC Business Advisory Council.

CNN: APEC Shortens Its Horizon

These rules now recognise that free trade amounts to far more than the removal of barriers to trade in goods.

ECONOMIST: For the next round