China again plays host to the Economic Leaders' Meeting of Asia-Pacific Economic Cooperation and other related events in 2014, the much-awaited APEC China Year, after its first host in Shanghai 13 years ago.
Trade and economic growth continue to improve across the Asia-Pacific. Yet, progress is uneven and the outlook for the medium-term is not as favorable as it could and should be.
APEC member economies called for policy support to ensure that small and medium-sized enterprises contribute more to global value chains, which are becoming increasingly important in international trade.
Asia-Pacific region trade ministers made "a series of important agreements" at their two-day meeting, including finalizing a road map for the creation of a free trade area, senior officials said on Sunday.
Beijing aims to advance an Asia-Pacific free trade agreement during an APEC trade ministers' meeting - so as to boost regional integration.
Senior officials from 21 economies of Asia-Pacific Economic Cooperation called on Wednesday for establishing a more open, integrated and productive market to create new growth opportunities.
Moscow will play an active part in Asia-Pacific affairs to advance the establishment of a regional free trade agreement, a senior Russian diplomat said on Wednesday.
This meeting will include thorough discussions and agreements are expected to be reached on some key issues and priorities proposed by China, a host again after 13 years. The ongoing meetings will lay the foundation for the leaders summit in the autumn.