Asia-Pacific Partnership

(Foreign Affairs in the New Era)

Updated:2020-01-19 |

Asia-Pacific Partnership

The Asia-Pacific is the region with the most potential and vigor in economy and trade, and APEC is playing a leading role in regional economic integration and economic globalization. Since its founding in 1989, APEC has promoted free and open trade and investment, and economic and technological cooperation among members. Impressive successes have been achieved in these aspects. As the largest, highest- level mechanism for economic cooperation in this region, APEC serves as an important platform for policy exchange and economic cooperation in the Asia-Pacific sphere. As a major pillar for global economic integration it is exercising profound and far-reaching influence on the global economy and trade.

China has been an active player in APEC activities, and is willing to do more to promote growth. At the opening of the 22nd APEC Economic Leaders' Meeting in November 2014 in Beijing, Xi Jinping made a speech entitled "Shaping the Future Through Asia-Pacific Partnership." He said, "We are all members of the APEC community. It meets the common interests of us all to foster an open economy in the Asia-Pacific featuring innovative development, interconnected growth and converging interests. To achieve this goal, all the economies in the region need to work together to build an Asia-Pacific partnership of mutual trust, inclusiveness, cooperation and win-win progress, and this will inject new energy into the economic development of both the Asia-Pacific and the world." To this end, he made four proposals: jointly charting the course for future development, jointly meeting global challenges, jointly building cooperation platforms, and jointly pursuing interconnected development.