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- 雪山脚下的口岸“前哨班”
- 转扩!绍兴这些公交线路有调整
- 魔狩战纪下载2023安卓最新版
- 今日有钱app下载
- “沙狐之眸”作者再出神作 Vidda三色激光演绎新疆秋色
- 宿州市3集体5个人上榜全省“先进”
- 北斗系统获国际民航组织认可,飞机何时可用北斗系统追踪和导航?
- 【青视点】这场网红盛典,给青岛带来了什么?
- 男子地铁上殴打女乘客!上海警方最新通报
- 家人们支持取消英语作为主科吗?
- 马庙镇:推深做实“监督一点通” 打造群众监督“掌中宝”
- 福州: 暖警惠警有“医”靠
- 青平:学青会是体育的赛场更是青春的舞台
- 39岁中年男人的悲哀,可以都过来看看给个意见。
- 篮球合球什么意思 篮球合球含义
- 宿州市3集体5个人上榜全省“先进”
- 青岛新闻app全新改版 100万红包等你拿
- 【咱们青岛人】现实版武林高手!青岛90后泰拳教练,曾夺泰国赛冠军
- 中美“再挂钩”?
- 悬赏猫app下载
- 【青青岛追访】网友爆料公厕弃用半年不方便!街道办回复:还在修
- 互帮鸭app下载
- 【咱们青岛人】现实版武林高手!青岛90后泰拳教练,曾夺泰国赛冠军
- 你愿意花钱刷短视频吗?抖音测试付费短视频,内容涉及全品类
- 石榴数据线丨4786.34亿元!新疆国企营业收入稳中有升
- 日本热搜:讨厌中国?
- 家人们支持取消英语作为主科吗?
- 安徽芜湖:打击违法犯罪 开展反邪宣传
- 取消“半份菜”?海底捞回应
- 山西省“反邪教警示教育进高校”第一课在忻州开讲
- 这四区城市道路汽车噪声不得超过85分贝!青岛发布新规
- 联想 ThinkVision 发布首款 2D / 3D 可切换裸眼 3D 显示器 四大领先优势凸显
- 再生之境下载2023安卓最新版