China committed to Asia-Pacific free trade area: Minister Wang
Wang Wentao. Photo: State Council Information Office
Members should comprehensively promote practical cooperation in various fields of trade and investment, he said.
Free trade agreements should be explored as a main means of promoting regional economic integration, and efforts should be made to advance the region’s inclusive development, he said as quoted by state media. Chinese.
Commerce Minister Wang Wentao recently expressed China’s commitment to achieving a comprehensive Asia-Pacific free trade area. He was speaking virtually at the 28th Asia-Pacific Economic Cooperation (APEC) Trade Ministers’ Meeting. He said all APEC members should take building an Asia-Pacific community with a shared future as the main line.
The minister reiterated that China will open its doors more widely and continues to provide a driving force for the stable growth of global and regional economies.
The minister stressed that China firmly supports the multilateral trading system with the World Trade Organization (WTO) as the core, maintains the security and stability of global industrial and supply chains, and provides more benefits to all parts.
APEC can play its role as an accelerator, stabilizer and incubator, and can provide strong support to the work of the WTO, he said.
China stands ready to strengthen cooperation with other APEC economies to jointly achieve substantial results for programs to be discussed at the 12th WTO Ministerial Conference, such as epidemic response and reform. of the WTO, he added.
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