Business     

China open to any mechanism good for Asia-Pacific

CRI, October 9, 2015

• A senior official is stressing that China is open to any trade mechanism as long as it follows the rules of the World Trade Organization and supports the economic integration of the Asia-Pacific region.

  Commerce Minister Gao Hucheng made the remarks in a recent interview concerning the Trans-Pacific Partnership, or TPP.

  Twelve Pacific rim countries sealed the TPP deal early Monday to create the largest free trade area of the world.

  Gao Hucheng said China hopes the TPP pact and other free trade arrangements in the region can boost each other and contribute to Asia-Pacific's trade, investment and economic growth.

  He added that China is willing to cooperate with the U.S. in formulating global trade regulations following the multilateral trading system.

  China had sealed 14 free trade agreements with 22 countries and regions.

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