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At the ministerial meeting of APEC a joint communique was adopted

According to Wang Yi, the Foreign Minister of China, during the APEC forum, mutual understanding was reached on the formation of the Asia-Pacific Partnership and other important aspects of cooperation. As a result of the APEC ministerial meeting in Beijing, a joint communiqué was adopted and a number of initiatives on cooperation were approved by Xinhua News Agency.

"At the meeting, we discussed the formation of the Asia-Pacific Partnership and a number of other issues on which mutual understanding was reached," the Chinese Foreign Minister said. As he added, "the APEC format should play a leading role in the development of economic cooperation and development of the Asia-Pacific Region (APR). We adopted a joint communiqué and approved a number of cooperation initiatives. They will be sent for approval to the leaders of the APEC countries." "All this testifies to the success and productivity of the last ministerial meeting," Wang Yi said.

According to him, at the ministerial meeting, agreement was reached on six points. "First, to strengthen cooperation and mutual trust with the aim of the long-term development of the APR.

Secondly, an agreement was reached on creating an open economic environment aimed at innovative and interconnected development and strengthening of the Asia-Pacific Region.

Third, continue the course of economic integration with the aim of creating an Asia-Pacific Free Trade Area (AFTA).

Fourth, jointly discuss the opportunities for innovative development of economies and their reform with a view to creating new factors for economic growth.

Fifthly, to pay increased attention to the development of infrastructure facilities, on this issue a plan will be presented to managers for approval, "Wang Yi explained.

Sixthly, he noted, with the assistance of the PRC at this year's APEC summit, the issue of strengthening anti-corruption cooperation was raised.

The APEC Forum was formed in November 1989 as a tool for a peaceful and non-conflict solution to economic, social, environmental and other APR issues. All activities of this association are based on consensus. In addition to Russia, APEC includes Australia, Canada, China, Malaysia, the United States, the Philippines, South Korea, Japan, and a number of other countries — the 21 participant in total.

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