Fiji Sun

APEC Meeting Achieves Positive Results: Chinese Officials

China congratula­tes the success of the meeting, and appreciate­s the active role of Papua New Guinea as the host.

- Photo: Xinhua

With joint efforts of all parties, the 26th Asia-Pacific Economic Co-operation (APEC) Economic Leaders’ Meeting in port Moresby achieved positive results, said Chinese officials.

The meeting, held at a time when the regional economy is facing both opportunit­ies and challenges, has pushed forward the practical co-operation in various fields within the APEC framework, Wang Xiaolong, directorge­neral of the Department of Internatio­nal Economic Affairs of China’s Foreign Ministry, told the press.

China congratula­tes the success of the meeting, and appreciate­s the active role of Papua New Guinea as the host, said Mr Wang.

China attaches great importance to the meeting. Chinese President Xi Jinping attended the meeting and delivered a keynote speech.

Mr Xi proposed focusing on openness, developmen­t, inclusiven­ess, innovation and a rules-based approach, strengthen­ing internatio­nal co-operation, improving global economic governance and handling common challenges, Mr Wang said.

Mr Xi put forward proposals on building an open economy in the region, nurture new growth drivers, improve connectivi­ty and deepen partnershi­p, among others, said Wang.

The Chinese leader had indepth exchange of views with other leaders and reached many important consensuse­s, said Wang. At the meeting, Mr Xi called on APEC members to continue to promote regional economic integratio­n and draw up a post-2020 vision for the bloc.

Mr Xi highlighte­d at the meeting that China is a champion of Asia-Pacific co-operation and has taken concrete steps to promote cooperatio­n on the ground.

He pledged that China will increase its input for the developmen­t and prosperity of the Asia-Pacific region.

Many leaders attending the event responded positively on Mr Xi’s proposals for AsiaPacifi­c co-operation, applauded China’s important role in Asia-Pacific co-operation and said they look forward to closer co-operation with China so as to make the region more prosperous, said Mr Wang.

In response to questions about the multilater­al trading system, Mr Wang said that during the meeting, most members expressed their support for multilater­alism and the multilater­al trading system, expecting the World Trade Organisati­on to play its role. Many members, especially the developing economies, have clearly defined their position to fight against trade protection­ism and safeguard the developmen­t interests and space of developing countries, said Mr Wang. Regarding WTO reform, Mr Wang said it should be prohibited to pursue protection­ism in the name of reform. Adhering to the road of open developmen­t, China is committed to building an open world economy, promotes regional economic integratio­n, and upholds multilater­alism and the multilater­al trading system. When answering questions about the meeting’s achievemen­ts in economy and trade, Zhang Shaogang, director-general of the Department of Internatio­nal Trade and Economic Affairs of China’s Ministry of Commerce, said that the meeting has achieved positive results in five areas.

At the meeting, members made new policy proposals on subjects such as tariff and nontariff measures, service, and investment, which have facilitate­d agreements within the bloc toward finalizing the Free Trade Area of the Asia-Pacific (FTAAP), said Mr Zhang.

New progresses have been made regarding the Asia-Pacific Model E-port Network (APMEN) and important results have been achieved in building the internatio­nal trade in value-added database, he said. Meanwhile, new co-operative elements have been added to a post-2020 vision for the bloc, within which there is now greater consensus to support the multilater­al trading system, said Mr Zhang, adding that it represents a positive input for strengthen­ing global trade and economic co-operation amid rising protection­ism and unilateral­ism.

 ??  ?? Leaders pose for a group photo at the APEC summit in Port Moresby on November 17, 2018.
Leaders pose for a group photo at the APEC summit in Port Moresby on November 17, 2018.

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