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China has high hopes for the APEC Beijing Forum
According to the Chinese leadership, at the Asia-Pacific Economic Cooperation (APEC) meeting in Beijing, the organization will be able to start the process of creating an Asia-Pacific free trade zone and take a new step in regional economic integration. This was reported by 29 October Foreign Minister Wang I.
"The creation of an Asia-Pacific free trade zone will contribute to further streamlining the activities of various mechanisms of bilateral and multilateral cooperation in this region, and will minimize the risks of duplication and fragmentation that various types of free trade can bring," Wang Yi said at a briefing on the upcoming forum.
In addition, he proposed to discuss at the forum the main factors that will drive the development of the APR economy in the future. Wang Yi called these new factors "economic reforms, new economy, innovative growth, inclusive support and urbanization."
As another important issue on which the forum participants should reach important decisions, the Foreign Minister of the PRC called the development of a new plan for the creation of a transport and communication infrastructure in the region, including highways, railways, air routes, as well as new rules and regulations in this area.
The APEC Forum on "Shaping the Future Through the Asia-Pacific Partnership" will be held in Beijing from November 5-11. Within its framework, on November 10-11, the 22nd informal meeting of the leaders of the APEC economies will be held. On the sidelines of the forum, a number of bilateral meetings of the leaders of the APR countries are planned, including a meeting between Russian President Vladimir Putin and Chinese President Xi Jinping.