Leaders back China-led free trade proposal
Chinese President Xi Jinping announced on Tuesday the official launch of the process that will move toward the establishment of a free trade area in the Asia-Pacific region, signaling that China’s efforts to reinvigorate the long-delayed trade pact have been endorsed by the US.
Xi outlines expected progress
Chinese President Xi Jinping has said the launch of the Free Trade Area of the Asia-Pacific (FTAAP) process and boosting regional connectivity are among the expected achievements of the Asia-Pacific Economic Cooperation (APEC) meetings being held in Beijing this year.
APEC ministers agree to push free trade area road map
The Asia-Pacific Economic Cooperation (APEC) Ministerial Meeting on Saturday reached consensus on the Beijing Road Map for APEC to advance the Free Trade Area of the Asia-Pacific (FTAAP) negotiation process, which was welcomed by experts and entrepreneurs.
China to invest $40b in Silk Road Fund
China will contribute $40 billion to establish a Silk Road Fund and push forward preparation work for a newly launched infrastructure investment bank to strengthen connectivity in the Asia-Pacific region, Chinese President Xi Jinping said Sunday.
Global value chains to benefit APEC economies
Strengthening cooperation in global value chains (GVC) among Asia-Pacific Economic Cooperation (APEC) economies will lay the foundation for a high-standard free trade area in the region, a senior Chinese official said Friday.