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Ministers explain China's positions at APEC ministerial meeting

(Xinhua)

10:02, November 13, 2011

HONOLULU, Nov. 11 (Xinhua) -- Foreign Minister Yang Jiechi and Commerce Minister Chen Deming attended the 23rd Asia-Pacific Economic Cooperation (APEC) ministerial meeting here Friday to explain China's positions and proposals on issues concerning Asia-Pacific cooperation.

Yang said at the meeting that the influence of the international economic crisis still exists at a deep level. He said that the economic development of the world and the Asia-Pacific region faces severe challenges and various forms of protectionism are rearing their ugly heads again.

As a result, he said, it is necessary to strengthen regional cooperation, especially concerning economy and trade.

China believes that regional economic cooperation should uphold equity and tolerance, openness and fairness, sustainable development, mutual benefit and all-win, Yang said.

He said that efforts should be made to promote the establishment of a multilateral trade system in a future period of time and to support the Doha Round of trade negotiations.

Steps also should be taken to steadily advance the establishment of an Asia-Pacific free trade zone on the basis of the ASEAN 10+3 and ASEAN 10+6 frameworks in order to realize Asia-Pacific regional economic integration, Yang said.

The foreign minister called for efforts to advance green economies and nurture new areas of economic growth, and actively create jobs and encourage innovation.

Yang also emphasized the importance of APEC cooperation on reform involving the economic structure, of improving and making the mode of economic development more complete, and of transferring the ways of economic growth.

He called on APEC members to implement responsible macroeconomic policies, and properly deal with sovereign debt and financial risks.


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