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Chinese president attends APEC meeting in Hawaii (4)

(Xinhua)

08:05, November 14, 2011

The U.S. side is aggressively pushing the TPP, which is being negotiated among the United States and eight other partners, namely Australia, Brunei, Chile, Malaysia, New Zealand, Peru, Singapore and Vietnam.

Chinese Assistant Commerce Minister Yu Jianhua told reporters last week that China hopes the meeting will further promote the liberalization and facilitation of trade and investment in the Asia-Pacific region, push forward economic and technology cooperation, support multilateral trade systems, and oppose trade protectionism, so as to inject vitality into world economic recovery and growth.

APEC members should make joint efforts to remove discriminatory trade restrictions on high-tech products, and promote technology transfer and cooperation, so as to enable all members to benefit, he said.

On green growth, he said as APEC members differ sharply in their bases, conditions and levels in developing a green economy, the liberalization of environmental products and services should be steadily promoted.

He also called on the developed economies to enhance capital and technical support for the developing economies to help them achieve their potential for sustainable development.

At the end of the meeting, the leaders are expected to issue a statement on the major issues which have been discussed at the gathering.

APEC is the premier economic forum in the Asia-Pacific region.

Since APEC's founding in 1989, it has grown to encompass 21 members , and represents the most economically dynamic region in the world, accounting for approximately 40 percent of the world's population, around 50 percent of the world's GDP and about 44 percent of world trade.

APEC's 21 member economies are Australia, Brunei, Canada, Chile, China, China's Hong Kong, Indonesia, Japan, the Republic of Korea, Malaysia, Mexico, New Zealand, Papua New Guinea, Peru, the Philippines, Russia, Singapore, Chinese Taipei, Thailand, the United States and Vietnam.

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