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26th APEC Ministerial Meeting Opens in Beijing

The 26th APEC Ministerial Meeting opened in Beijing on November 7. Ministers or representatives of APEC economies, the executive director of the Secretariat, the president of the APEC Business Advisory Council (ABAC), representatives of observers and special guests attended the meeting. Wang Yi, co-chairmen of the meeting and minister of foreign affairs of China, and Gao Hucheng, minister of commerce, delivered opening speeches.
Wang said that over the 25 years since its foundation, APEC has always followed the historical trend, and made great contributions to the economic growth and improvement of people’s livelihoods of the Asia-Pacific region. Great changes have taken place in the relations between the region and the world. The world needs a harmonious, developed and prosperous Asia-Pacific more than ever before.
Wang said that we should cultivate a vital Asian-Pacific economy and gain bonus from reform, impetus from innovation and potential from growth, attaching strong engine to Asian-Pacific economy. We should build a closer partnership, being open and tolerant partners with common policies and same goals. We need to forge a reciprocal and mutually beneficial cooperation, benefiting and developing jointly. We need to create an optimum and beneficial development environment, promote unity and mutual trust, strengthen coordination of macroeconomic policies, cope with global challenges, increase input to economic and technological cooperation and help developing countries realize common development.
Gao pointed out that APEC always follow the open regionalism, and through both collective and autonomous action, has made prominent contributions to promoting liberalization and facilitation of trade and investment in the Asian-Pacific region and strengthening economic and technological cooperation among APEC members. At present, the value of foreign trade and economic aggregate of APEC members account for 48% and 57% of the global total respectively. Asian-Pacific economy plays an important role in the global economy, and bears significant responsibilities as the engine of global economic growth. Under the new situation, APEC members need to come up with enough wisdom and courage to steadily maintain the multilateral trading system, and promote Asian-Pacific economic integration taking the FTAAP as the goal and global value chain as an important measure. Meanwhile, economic and technological cooperation should be actively carried out to seek reciprocity, mutual benefit and common development through the closer partnership.
As for the tasks of the ministerial meeting, Wang said that the 22nd APEC Economic Leaders’ Meeting is an important meeting when the development of Asia-Pacific steps into a new stage. Over the past year, the members have had deep discussions at the committee, working group and group of friends of the President levels, practically pushed forward and come up with hundreds of cooperation proposals, laying a solid foundation for the leaders’ meeting. The core task of the ministerial meeting is to make political, economic and trade preparations for the Economic Leaders’ Meeting. We should seize the time to make an inventory, further expand consensus, and report the achievements to the leaders through the Joint Declaration of the Ministerial Meeting. We should follow the spirit of Asian-Pacific partnership to maintain the nature of APEC as an economic and trade cooperation forum, and with a constructive attitude, we should concentrate on economic cooperation, and create a favorite atmosphere for the leaders’ meeting. With the historical trust, based on the present and looking to the future, let’s contribute to a fruitful and influential Economic Leaders’ Meeting.
Gao said that since the beginning of the year, with the joint efforts of all parties, we have had wide and deep discussions on economic and trade issues, and reached practical and important consensus on promoting the construction of the FTAAP, bolstering the cooperation between the global value chain and supply chain, strengthening economic and technological cooperation and capability building, as well as cooperation in investment, service and rules. The 26th meeting is the last ministerial meeting of APEC in China, which makes preparations for the leaders’ meeting directly. He believed that the meeting would surely make positive, practical and comprehensive achievements and lay a solid foundation for the leaders’ meeting.

 November 10, 2014 - 09:34 BJT (01:34 GMT)   MOFCOM  




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