China committed to Asia-Pacific free trade area: Minister Wang

24 May '22

2 min read

Wang Wentao. Pic: The State Council Information Office

Commerce minister Wang Wentao recently expressed China’s commitment to achieving a comprehensive Asia-Pacific free trade area. He was speaking virtually at the 28th trade ministers' meeting of the Asia-Pacific Economic Cooperation (APEC). He said all APEC members should take building an Asia-Pacific community with a shared future as the main line.

The members should comprehensively promote practical cooperation in various fields of trade and investment, he said.

Free-trade arrangements should be explored as the main channel for promoting regional economic integration, and efforts should be made to advance regional inclusive development, he was quoted as saying by official Chinese media.

The minister reiterated that China will open its door wider and is continuously providing a driving force for the stable growth of global and regional economies.

The minister stressed that China firmly supports the multilateral trading system with the World Trade Organisation (WTO) as its core, maintains the security and stability of the global industrial and supply chains, and delivers more benefits to all parties.

APEC can play its role as a booster, stabiliser and incubator, and can provide strong support to the work of the WTO, he said.

China is ready to strengthen cooperation with other APEC economies to jointly push for substantial results for agendas to be discussed at the 12th WTO Ministerial Conference such as epidemic response and the WTO reform, he added.

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