APEC faces TPP challenge
By Yang Danzhi | China Daily | Updated: 2010-11-15 07:53
The US is looking to the Trans-Pacific Strategic Economic Partnership Agreement to strengthen its role in the region
In a joint statement released after the Ministerial Meeting at the Asia-Pacific Economic Cooperation (APEC) 2010, APEC ministers reaffirmed the establishment of a Free Trade Area of the Asia-Pacific (FTAAP) and opposition to trade protectionism, and appealed for further efforts to realize the objectives of the Doha Development Agenda.
The statement also recommended that leaders reaffirm their commitment to maintaining the status quo and do not erect new trade or investment barriers and do not impose any new export restrictions before the end of 2013.
Photo
