BEIJING: President Xi Jinping reiterated his opposition to any attempt to politicize, weaponize or impose security implications on economic and trade issues while addressing the 30th Asia-Pacific Economic Cooperation (APEC) Economic Leaders’ Meeting in San Francisco on Friday.
Xi also emphasized the need to promote exchanges and cooperation in the sector of science and technology, and work together for an open, fair, equitable and non-discriminatory environment for scientific and technological progress. The meeting was chaired by US President Joe Biden and was attended by leaders and representatives of 21 economies in the Asia-Pacific region. A leaders’ declaration was adopted at the meeting.
Xi said that since the establishment of mechanisms of the APEC Economic Leaders’ Meeting, the regional forum has always stood at the global forefront of openness and development.
As the world economy faces multiple risks and challenges, Xi said the APEC economies should work together to meet global challenges and fully deliver on the Putrajaya Vision of building an open, dynamic, resilient and peaceful Asia-Pacific community. He called on the APEC members to stick to innovation and openness to boost regional development. “We must promote free and open trade and investment, support and strengthen the WTO-centered multilateral trading regime, and keep global industrial and supply chains open and stable,” he said. Xi underscored the importance of promoting regional economic integration, and called for accelerating the building of a Free Trade Area of the Asia-Pacific and fully implementing the APEC Connectivity Blueprint to share in the opportunities of open regional development.
“China applies the highest standards in implementing the agreement of Regional Comprehensive Economic Partnership (RCEP), and has taken proactive steps to align its economic and trade rules with the high standards of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) and the Digital Economic Partnership Agreement (DEPA) to accelerate the process of its accession to the CPTPP and DEPA.”
The president also urged efforts to promote green and inclusive development that delivers benefits to all.
To accelerate the transition to green and low-carbon development, Xi said that the APEC members must deliver on the Bangkok Goals on Bio-Circular-Green (BCG) Economy, making “green” a defining feature of Asia-Pacific growth. –The Daily Mail-China Daily news exchange item
