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    "Yokohama Declaration": Promoting The Asia Pacific Free Trade Area

    2010/11/16 9:38:00 26

    Trade And Economic Market

    The eighteenth informal meeting of the Asia Pacific Economic Cooperation (APEC) was closed in Yokohama, Japan on 14.

    The leaders' declaration, also known as the "Yokohama declaration", was put forward by the delegates to continue to promote the process of regional economic integration and effectively promote the construction of the Asia Pacific Free Trade Area.


    Representatives of 21 APEC members held a meeting in Yokohama, Japan's port city from 13 to 14, and discussed in depth the theme of "change and action" and jointly issued the "Yokohama declaration".


    The declaration said that the members of the group are determined to work together to regain the momentum of economic growth when the world economy is recovering hard.

    "We still promise to keep it."

    market

    Open, we reaffirm our common resolve to support recovery with cooperation and coordination.

    Speaking of the Asia Pacific Free Trade Area, the declaration said: "we have reached an agreement. It is time to turn the Asia Pacific Free Trade Area from an ideal to a more realistic vision.

    "


    "We request APEC to take specific measures to achieve Asia Pacific.

    free trade

    District.

    This is to further promote the Asia Pacific region.

    Economics

    The main carrier of the integration process.

    "


    Opposing trade protectionism is another theme of the Yokohama conference.


    Speaking at the second session of the 14 meeting, Chinese President Hu Jintao pointed out that the economic development in the Asia Pacific region is also facing some difficulties and challenges.

    Among them, various forms of protectionism have been significantly enhanced.


    The Yokohama declaration said that APEC welcomes the outcome of the Seoul summit of the group of twenty, and will continue to promote a stronger and flexible global financial system and oppose trade protectionism.

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