APEC Conference Starts Asia Pacific Free Trade Area Process, Asia Pacific Relations Enter 3 Era

　　 Asia Pacific Free Trade Zone road map

Promoting regional economic integration is one of the three topics of this year's informal meeting of APEC leaders. "We all agree that regional economic integration is the driving force for the long term strong growth in the Asia Pacific region. APEC should continue to play a leading and coordinating role in promoting regional economic integration, planning new vision for the Asia Pacific Economic Integration and building an open, inclusive, balanced and inclusive region. Economic Cooperation Framework " Xi Jinping said in his speech.

In 2006, the Asia Pacific Free Trade Zone was first introduced in the year. APEC At the informal meeting of leaders. In 2010, the informal meeting of APEC leaders agreed to promote several FTA negotiations in the region, such as the span Pacific Partnership Agreement (TPP), "10+6" and "10+3" as possible paths to achieve the Asia Pacific Free Trade Area.

Andrew Rob, Minister of trade and investment in Australia (Andrew Robb), said in an interview that trade arrangements involving bilateral and several countries would be easier than crossing the Asia Pacific Free Trade Zone step by step. He said Australia is very active in supporting the goal of establishing the Asia Pacific Free Trade Zone.

Although the idea of the Asia Pacific Free Trade Zone has been put forward for a long time, it has failed to start a substantive process in the past few years.

"China has put forward this initiative on the occasion of the APEC 25th anniversary establishment. We are pleased to see that through the joint efforts of one year, the parties finally reached a consensus on the" APEC to promote the implementation of the Beijing road map of the Asia Pacific Free Trade Zone ", and decided to start the joint strategy study of the Asia Pacific Free Trade Zone, establish the APEC free trade area information exchange mechanism, carry out the capacity building of the FTA negotiations for many years, and promote cooperation in specific areas such as services, investment, rules of origin, these are the most basic elements of the Asia Pacific Free Trade Area. Gao Hucheng, Minister of Commerce of China, attended the press conference of APEC foreign ministers and trade ministers.

The consensus reached at the ministerial meeting was also approved by the informal meeting of APEC leaders.

APEC interconnection blueprint

This year's APEC informal meeting also approved the APEC blueprint for interconnection. It is determined to achieve the vision of strengthening hardware, software and personnel exchanges and interconnection by 2025, and complete the specific targets set jointly.

Xi Jinping said at the closing ceremony of the informal meeting of APEC leaders: "we decided to expand pragmatic cooperation in infrastructure investment and financing, promote public-private partnership mode, and help the region to solve the bottleneck of interconnection and construction funding."

According to the data of the Asian Development Bank, there is still a gap of $8 trillion in infrastructure construction in Asia over the past 2011-2020 years.

In October this year, the APEC finance ministers' meeting adopted the roadmap for implementing the PPP project for the successful development of the APEC area. The roadmap provides suggestions and specifications for the characteristics of PPP (public-private partnerships), the environment that the government needs to provide, how to make infrastructure investment plans, how to select projects, standardize procurement procedures, and how to allocate risks.

"There have been concrete measures to develop interconnection in APEC area, and public private partnerships, financing and other issues have been fully discussed. Asian infrastructure investment banks outside the APEC framework are echoing and docking. "

In October 24th, the finance ministers and authorized representatives of 21 interested founding member countries including China, India and Singapore signed a memorandum in Beijing and jointly decided to set up an infrastructure investment bank in Asia. The legal capital of Asia Investment Bank is US $100 billion, and the economic weight measured by member gross domestic product will be the basis for the distribution of shares in various countries.