Openness crucial for APEC economies
This aerial photo taken on Jan 30, 2023 shows a view of the Ningbo-Zhoushan Port in East Chinas Zhejiang province. [Photo/Xinhua]
Asia-Pacific Economic Cooperation economies should uphold the principles of open regionalism and avoid the formation of closed and exclusive "small blocs" within the region, said a senior government official.
Addressing the 2023 APEC Ministerial Meeting in San Francisco, Wang Shouwen, Chinas international trade representative and vice-minister of commerce, said that APEC should actively promote the upcoming 13th Ministerial Conference (MC13) of the World Trade Organization to resume the operation of the dispute settlement mechanism, reinforce food security, achieve temporary tariff exemptions for electronic transmissions and facilitate accession of new members. The MC13 will take place Feb 26-29 in Abu Dhabi.
The meeting focused on topics such as supporting the multilateral trade system, regional economic integration, supply chain cooperation, digital economy and promoting inclusivity and sustainable trade and investment, the Ministry of Commerce said in an online statement on Thursday.
Wang called for holding a high-level officials meeting again before the MC13 to build consensus. With an open attitude, APEC should push for the goals set forth in joint statements and initiatives, such as investment facilitation, and integrate them into a multilateral framework, he added.
Chinas foreign trade with other APEC economies amounted to $3.74 trillion in 2022, representing 59.7 percent of the countrys total import and export value. Among Chinas top 10 trading partners, eight of them are APEC economies, said the Ministry of Commerce.
China is the largest trading partner of 13 APEC economies. A total of 15 APEC economies have signed free trade agreements with China.
Foreign direct investment from other APEC economies utilized by China accounted for 86.6 percent of the countrys total FDI in 2022, while five APEC economies were listed among the top 10 sources of foreign investment, the ministry added.
Wang said APEC should uphold the central role of the Free Trade Area of the Asia-Pacific. The Regional Comprehensive Economic Partnership agreement and the Comprehensive and Progressive Agreement for Trans-Pacific Partnership are the two possible paths for the FTAAP that have been jointly determined by APEC leaders. It is essential to adhere to openness, inclusiveness and continuously advance the expansion process to benefit more economies.
The vice-minister said that development should be prioritized, taking full account of the interests of developing economies. China is willing to enhance practical cooperation in the digital economy and green growth with more APEC economies.
As the International Monetary Fund has upwardly revised its growth projection for the Chinese economy in 2023, raising it from 5 percent to 5.4 percent, Wang said China will further expand high-standard opening-up, share development opportunities of its vast market with other APEC economies and the world, and jointly promote high-quality development and prosperity.
Echoing that sentiment, Robert Yap, executive chairman of YCH Group, a Singapore-based logistics conglomerate, said the company will provide more supply chain solutions in the Asia-Pacific region to become a vital connecting point for Chinas regional trade and supply chains.
YCH Group announced two strategic partnerships with Chinese firms during the sixth China International Import Expo in Shanghai earlier this month.
"These collaborative endeavors transcend traditional business ventures, offering innovative solutions to surmount the operational challenges of international business expansion while providing substantial benefits to Chinese companies seeking market expansion into member countries of the Association of Southeast Asian Nations," Yap said.
责任编辑:胡明政- ITSS 会议周丨新华三参编运维国标发布, 探索技术服务发展新路径
- 关键词解锁福建代表委员们的“高言值”
- 涉网络暴力有害信息举报专区
- 北京数据基础制度先行区启动运行
- 甜甜的你下载2023安卓最新版
- 普通人大概多久换一次手机呀?
- 碎片化时代,回归真实生活
- B站与多部门共同打击网暴侵权案件:牵涉 18 个省市,共计 40 余人
- 骁龙 X75 获世界互联网大会领先科技奖,高通不断推动 5G 标准演进
- 全市健康口腔暖民心行动调度会召开
- 赵鼎新,70岁的学者正当时
- 上海首家残疾人友好书店开门迎客
- 1死4伤!连夜通报
- 泽连斯基向卡梅伦感慨:世界不再聚焦乌克兰
- vivo发布新一代专业影像旗舰X100系列,点燃创作热情
- 抖音下载2023安卓最新版
- 一张餐桌看变化
- 前10月“四方运维中心”解决疑难问题1560余人次
- 突然崩了?支付宝回应
- 北宋手写佛经亮相 明代楚藩藏书现身 湖北规模最大展品最精古籍展启幕
- [ 焦点] 【抢购入口】今晚9点,上越牛抢1000份冬季暖心美食!只要9.9元
- [ 综合] 公用环保基本面改善,火电正处周期反转
- [ 综合] 记者在一线
- [ 休闲] 提醒:戴好口罩!沙尘污染气团过境湖北
- [ 探索] 梦回白玉京下载2023安卓最新版
- [ 时尚] 逆转泰国 中国队世预赛首战告捷
- [ 探索] 提醒:戴好口罩!沙尘污染气团过境湖北
- [ 知识] 上海首家残疾人友好书店开门迎客
- [ 知识] 魔镜慧眼监控下载安装app
- [ 时尚] 太美!西山秋色入诗来~