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China urges for a free, open trade environment for APEC economies, eyes win-win cooperation

2022-11-20 09:11:58       source:CGTN

November 19, 2022

Since joining the Asia-Pacific Economic Cooperation (APEC) 31 years ago, China has been committed to regional partnerships and win-win cooperation, and this year the Chinese side reiterated the importance for a free and open trade environment for the APEC economies.

Home to 2.9 billion people, the 21 APEC member economies share a total economic volume of over 60 percent of the world's total gross domestic product (GDP). Amid the headwinds coming from the pandemic, high inflation, geopolitical crisis and climate change, APEC members sat down in Bangkok, capital of Thailand, and decided to further deepen their multilateral cooperation.

Free and open trade and investment are the purposes and principles of APEC, said Chinese President Xi Jinping at the 29th APEC Economic Leaders' Meeting, in which issues related to sustainable trade and investment were discussed. 

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