The 21 members of the Asia Pacific Economic Co-operation (APEC) forum has called for greater flexibility over interest rates as the region looks to pull out of the downturn.A draft statement from the group seen by Reuters also made the case for greater flexibility in foreign exchange trading."We agreed that flexible prices, including exchange rates and interest rates, play a critical role in allocating resources efficiently and can facilitate the adjustments needed to support balanced and sustainable global growth," the statement declared.Meanwhile, the group will also press for a commitment that members with markedly high debt ratios will look to promote private savings and correct their debt burden.The statement comes during APEC Leaders' Week, which is taking place in Singapore until November 15th.Ahead of the summit, the group conducted research assessing the impact of membership to the group and discovered that membership is favourable to a conventional free trade agreement, despite accords being non-binding.