Improve APEC economy: Chinese President

Manila, Nov 18 (IANS) Chinese President Xi Jinping on Wednesday urged relative parties to speed up the construction of the Free Trade Area of the Asia-Pacific (FTAAP) and promote regional economic integration.

He made the appeal at Asia-Pacific Economic Cooperation (APEC) CEO summit, while noting that the constant emergence of new regional free trade deals has given rise to worries about fragmentation, Xinhua reported.

Xi suggested that the openness and inclusiveness of free trade arrangements be strengthened to the greatest extent on the basis of equal participation and ample consultation.

The Asia-Pacific region has adhered to opening-up, integration and development for many years, and has come out with a unique and vibrant way for economic cooperation, he noted.

Recalling that APEC leaders took a historic step in 2014 in Beijing by launching the FTAAP process, he called for concerted efforts to boost the openness of the Asia-Pacific economy and to safeguard multilateral trade systems.

“We need to devote ourselves to win-win cooperation, resist protectionism and facilitate fair competition,” Xi said.

The Chinese leader arrived in Manila on Tuesday to attend the 23rd APEC Economic Leaders’ Meeting scheduled for Wednesday and Thursday.

 

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