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Manila APEC Summit: Building paths for Asia-Pacific partnerships

Editor: Li Kun 丨CCTV.com

11-20-2015 17:21 BJT

By Hu Zhengyue, CNTV Commentator

The 23rd Asia-Pacific Economic Cooperation (APEC) Economic Leaders' Meeting concluded on November 19. Leaders of APEC member nations gathered to discuss regional development and to seek further cooperation.

 

Chinese President Xi Jinping delivered an important speech. Following last year’s Beijing summit, the APEC meeting in Manila has added new impetus to building Asia-Pacific partners.

An important consensus has been reached to promote regional economic integration for a more diversified Asia-Pacific free trade zone.

APEC members vowed to continue Asia-Pacific's leading role in the global economy and agreed to promote regional interconnectivity and infrastructure construction, to explore new economic growth points of the Internet economy, urbanization, small and medium enterprises and stress inclusive growth.

Leaders would promote Asia-Pacific partnerships by strengthening macroeconomic policy coordination, to establish an Asia-Pacific open economy, and to help the World Trade Organization's Doha Round negotiations.

Covering 40 percent of the world's population, with nearly 60 percent of the world's GDP (gross domestic product), APEC's 21 economies hold a crucial position in the world economy.

On the global economic map, the Asia-Pacific is the most active. The APEC meeting has sent a clear signal to the world again that win-win cooperation is the trend for the Asia Pacific region and aspirations of its people.

A better understanding of cooperation and win-win for all parties is deepening. It should move towards a higher level and broader scope, to reflect its inclusiveness and extensiveness.

Win-win cooperation should be the common interests of the vast majority of countries in Asia and Pacific regions, rather than engaging in a small circle and playing "I win, you lose" game.

We are pleased to see the Asia-Pacific free trade zone has become a new target for APEC regional integration. This is the proper meaning of Asia-Pacific partnership building.

Against the backdrop of a fragile global economic recovery, all parties should accelerate the building of an Asia-Pacific free trade zone, striving to complete the joint strategy research on FTAAP by the end of 2016, which should create a viable path for FTAAP.

The Asia-Pacific FTA would benefit all APEC economies, especially the developing markets. China's role as a ballast stone in the Asia-Pacific regional cooperation is irreplaceable. And the constructive role China has played in the Manila summit has been witnessed by all.

Xi expounded Beijing's proposals on Asia-Pacific regional cooperation.  Combining China’s "Thirteenth Five-year Plan" , he elaborated on China's views on the Asia-Pacific and the global economy.

He summarized the nation's economy with the four "no changes" accurately and scientifically to reassure Asia-Pacific partners and pass on China's confidence to the world.

Playing an active role in Asia-Pacific cooperation remains inherent with China's development needs and beneficial to regional development and integration. It is also in favor of long-term prosperity and stability of the Asia-Pacific.

The focus of the APEC meeting is economic development and regional cooperation. Most participating parties honored their agreements not to raise the so-called South China Sea issue to the venue.

Practice has repeatedly proven that APEC is a platform for Asia-Pacific economic cooperation, which should not be arbitrarily changed.

Compared with other regions of the world, the Asia-Pacific region is still relatively stable and has sustained long-term high-speed development. This situation does not come easily, and should be cherished and maintained.

The roads of Asia-Pacific cooperation will become broader, with a bigger cake for cooperation, a clearer direction of multiple-wins and more potential resources to be excavated.

 

( The opinions expressed here do not necessarily reflect the opinions of Panview or CCTV.com. )

 

 

Panview offers a new window of understanding the world as well as China through the views, opinions, and analysis of experts. We also welcome outside submissions, so feel free to send in your own editorials to "globalopinion@vip.cntv.cn" for consideration.

Panview offers an alternative angle on China and the rest of the world through the analyses and opinions of experts. We also welcome outside submissions, so feel free to send in your own editorials to "globalopinion@vip.cntv.cn" for consideration.

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