China calls for global trade liberalization

0 Comment(s)Print E-mail Xinhua, November 25, 2011
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Chinese premier promotes regional free trade at ASEAN meetings

Speaking at the 14th ASEAN Plus Three Summit held on Indonesia's Bali island, Chinese Premier Wen Jiabao said ASEAN has made important headway in its integration process in recent years, thus enhancing its overall strength and influence.

Wen urged efforts to accelerate trade liberalization and facilitation, raise financial and monetary cooperation to a new level in the region, and increase input in East Asia connectivity.

During the ASEAN-related meetings, the premier repeatedly stressed that East Asian nations should regard ASEAN as the main force of cooperation, highlight the theme of development, mutual benefit and win-win results, and strengthen the cohesion and momentum of development for the mechanisms of 10+1 and 10+3.

While attending a trilateral summit of the leaders of China, Japan and South Korea, Wen proposed that joint research into a free trade area between the three nations be completed this year, and negotiations start in 2012.

Wen also suggested enhancing trilateral cooperation in the fields of transportation, finance and environmental protection, among many others.

Addressing the sixth East Asia Summit, Wen said that coping with the international economic and financial crisis should continue to be regarded as a regional priority.

The region should encourage expansion of investment, increase investor confidence, and boost the inner drive for its development, he said.

Wen called for prioritizing sustainable development as a long-term cooperative goal, and urged overcoming challenges brought by non-traditional security threats to create a better environment for growth.

China was willing to work with all sides to make the summit more fruitful and benefit more countries and peoples, the premier said.

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