China Sees Role for APEC in WTO Talks

Home>>Business

Last updated at: (Beijing Time) Thursday, October 24, 2002

China Sees Role for APEC in WTO Talks

DISCUSSION

CHINESE

SEND TO FRIEND

The Asia-Pacific Economic Cooperation (APEC) forum should play a role in a new round of trade negotiations of the World Trade Organization (WTO), Chinese Minister of Foreign Trade and Economic Cooperation Shi Guangsheng said Wednesday.

Promoting sound development of the multilateral trade system has always been a major agenda of the WTO, and APEC can continue to play a great role in this respect, the Chinese minister said ata ministerial meeting held in Los Cabos, northern Mexico, leading up to the 10th annual meeting of APEC leaders scheduled for Oct. 26-27.

China hopes that agreement will be reached at the new round of trade negotiations of the WTO as early as possible in accordance with the consensus among all the parties concerned, he said.

He added that equitable, impartial and rational results of the negotiations will generate great impacts on the global economic development, and will help narrow the development gap among WTO members.

In the new round of WTO trade negotiations, the establishment of a new, multilateral trade system should be in the interest of establishing an equitable, impartial and rational new international economic order, promoting the world's economic development and facilitating trade and investment, and balancing the interests among developed and developing countries, Shi said.

APEC, set up in 1989, groups Australia, Brunei, Canada, Chile, China, Chinese Hong Kong, Indonesia, Japan, South Korea, Malaysia,Mexico, New Zealand, Papua New Guinea, Peru, the Philippines, Russia, Singapore, Chinese Taipei, Thailand, the United States and Vietnam.

Questions?Comments? Click here

China Keeps Close Economic Ties with APEC Members

China Calls for More Anti-terrorism Cooperation Among APEC Members

China's Economy Continues to be Healthy with Strong Growth: APEC Report

China Outlines Future Plans for Expansion of Road Network ( 2 Messages)

China May Have More PhDs Than the US in 2010 ( 17 Messages)

PBOC Forecast Faster Money Growth ( 2 Messages)

President Jiang's Trip will Advance Sino-US Ties: Officials ( 17 Messages)

Historic Achievements Gained in China's Science and Technology ( 27 Messages)