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Hu raises 4-point proposal for APEC cooperation


08:19, September 10, 2012

VLADIVOSTOK, Sept. 9 (Xinhua) -- Chinese President Hu Jintao Sunday put forward a four-point proposal, including trade and investment liberalization and food security cooperation, for deepening APEC cooperation in the priority areas this year.

Hu made the proposition at a keynote speech on the second day of the 20th informal economic leaders' meeting of APEC held here.

"First, we should focus on the priority areas and deepen trade and investment liberalization and regional economic integration," Hu said.

Trade and investment liberalization and regional economic integration are the core agenda items for APEC, he said.

APEC members should follow the spirit of the Bogor Goals and move forward trade and investment liberalization and facilitation with the Bogor Goals at its core, he added.

"At the same time, we may study and discuss 'next-generation' trade and investment issues in areas where APEC members have consensus, willingness and a foundation to build upon," he stressed.

"Second, we should lay a solid foundation and step up food security cooperation," the Chinese president said.

Food security is essential not only to a country's economy and people's livelihood, but also to the development and security of mankind, he said.

APEC members should scale up input and encourage investment in agriculture, enhance agricultural productivity and increase grain output, he said.

"We should strengthen the development of food markets infrastructure, put in place a modern grain logistics system, and reduce post-harvest losses along the entire food supply chain including storage, transportation and consumption," he added.

"Third, we should break bottlenecks and establish reliable supply chains," Hu said.

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