Connect with us

China

China’s Push for an Asia-Pacific Free Trade Agreement

China’s foreign minister said that he expects November’s APEC summit to take up the issue of creating an Asia-Pacific Free Trade Area (also known as a Free Trade Area of the Asia-Pacific, or FTAAP).

Published

on

thediplomat 2014 10 29 15 36 17

China’s foreign minister said that he expects November’s APEC summit to take up the issue of creating an Asia-Pacific Free Trade Area (also known as a Free Trade Area of the Asia-Pacific, or FTAAP).

FTAAP would mesh with China’s strategy of promoting regional integration – and would provide an alternative to the U.S.-led Trans-Pacific Partnership (TPP) talks, which currently excludes China.

Foreign Minister Wang Yi made his remarks at the Lanting Forum, which was billed by China’s Foreign Ministry as “a preview of the theme, agenda, and outcomes of the 22th APEC Economics Leaders’ Meeting.” According to Xinhua, Wang said that this November’s APEC summit will see progress on an Asia-Pacific Free Trade Area.

Leaders of TPP member states and prospective member states at a TPP summit in 2010.

Leaders of TPP member states and prospective member states at a TPP summit in 2010.

Wang hopes that APEC members will send a “clear message” on regional economic integration by advancing the FTAAP.

According to China’s vision, this massive FTA would effectively overrule the piecemeal free trade agreements that currently exist (or are under negotiation) among Asia-Pacific economies.

The FTAAP “will help to integrate regional bilateral and multilateral cooperation mechanisms and reduce the risk of overlap and fragmentation,” Xinhua paraphrased Wang as saying. Back in May, when a Chinese Ministry of Commerce official urged “quick action” on an Asia-Pacific FTA, he argued that this larger FTA “will solve the problems caused by barriers between different FTAs, such as distinct rules and requirements.”

via China’s Push for an Asia-Pacific Free Trade Agreement | The Diplomat.

Click to comment

Leave a Reply

Asean

China Sustains Huge Ecommerce Development Investment Flows into ASEAN

What Asia Investment Research showed us that there were China outbound investments into several ASEAN markets, led by Singapore, and followed by Indonesia, Malaysia, Thailand, and the Philippines. Collectively, these markets saw circa 30 investments n Q3, or about 15 percent of total Chinese outbound volume. 

Published

on

China-Sustains-Huge-Ecommerce-Development-Investment-Flows-Into-ASEAN

ASEAN Inbound Investments from China show strong trends in developing digital trade infrastructure.

(more…)
Continue Reading

Tourism

Chinese travellers name Thailand their ‘Recommended Travel Destination of the Year’

Thailand was the only outbound tourist destination receiving the award at the presentation ceremony in Shanghai. China is among the 63 approved countries and territories from where travellers can visit Thailand under quarantine-free entry requirements introduced on 1 November, 2021.

Published

on

chinese tourist yaowarat

Thailand has won the ‘Recommended Travel Destination of the Year’ award at the 2021 City Travel Hotel Awards organised by the Chinese magazine City Travel.

(more…)
Continue Reading

Recent

Most Read

Join 14,209 other subscribers