The Joint Strategy Study Of The Asia Pacific Free Trade Zone Has Started.

In a keynote speech entitled "taking the lead role of Asia Pacific to tackle the challenges of the world economy", Chinese President Xi Jinping delivered a keynote speech at the APEC APEC leaders' summit in November 18th. He pointed out that we should speed up the construction of the Asia Pacific Free Trade Area and promote regional economic integration.

Xi Jinping said that equal participation and full consultation should be made to enhance the openness and inclusiveness of free trade arrangements to the greatest extent, to raise the level of open Asia economy and to maintain the multilateral trading system.

We must strive for win-win cooperation, oppose protectionism and promote fair competition.

As an early harvest, a number of economic, trade, investment, industrial, energy and financial projects have taken shape.

Key projects of infrastructure such as cross boundary highways, railways and communication networks are progressing smoothly.

The Asian infrastructure investment bank has signed 54 signatories to the formal operation.

In the first half of 2015, China and "

The bilateral trade volume of the economies along the border reached US $485 billion 370 million.

Since September 1, 2015, the business traveler's "diplomatic passport" - APEC business travel card has been extended from 3 years to 5 years. After a successful application, business people can enjoy the APEC economy free sign treatment and rapid customs clearance for a longer time, and the cross-border mobility of personnel is more convenient.

Before the APEC summit of industrial and commercial leaders, Xi Jinping just attended the summit of leaders of the group of twenty (G20) in Antalya, Turkey.

Xi Jinping said, the basic consensus of all countries is that although the world economy is recovering slowly, the foundation is not solid, and there are many uncertainties and uncertainties.

Many countries are worried that the division of monetary policy in developed economies will lead to disorder of capital flows, high global debt, lack of market confidence, and the volatility of international financial and commodity markets, which will have a greater impact on emerging market countries and developing countries.

Xi Jinping said that global economic growth continued to be lower than expected, the potential growth rate slipped, international trade and investment were sluggish, and the world economy could have multiple engines and stall and then stagnate.

The world economy is going to move from sub-health to health, which is likely to undergo a long and tortuous process.

Xi Jinping stressed that under the background of the world economy full of challenges, the Asia Pacific economy is also facing many realities and potential difficulties and risks.

How to maintain the correct direction of development of the Asia Pacific economy, how to find new economic growth points and consolidate the status of growth engines deserve serious consideration and deep thinking.

To solve the deep-seated problems of the world economy, Xi Jinping believes that monetary stimulus alone is not enough. We must make a determined effort to push forward the structural reform of the economy so as to make the supply system more responsive to changes in the demand structure.

Xi Jinping suggested that the Asia Pacific region should take the lead in the world and strive to innovate its development philosophy, development mode and development path.

We should speed up the upgrading of industries, promote innovation in products, management and business models with technological innovation, enhance the position of the Asia Pacific economies in the global supply chain, and jointly build and share a coordinated, open and inclusive global value chain.

Xi Jinping also suggested that we should persist in building an open economy.

Last year, APEC leaders launched the Asia Pacific Free Trade Area process in Beijing, taking a historic step.

Xi Jinping said that the current new regional free trade arrangements continue to emerge, triggering various countries' concerns about fragmentation.

"We need to accelerate the construction of the Asia Pacific Free Trade Area.

Integration. "

Xi Jinping said.

The joint strategy study of the Asia Pacific Free Trade Area has already started, with the participation of all the members of China and the United States and the participation of all APEC members.

This work will assess the potential impact and benefits of the Asia Pacific Free Trade Area, analyze the possible path to its realization, and submit a report to leaders before the end of 2016, and put forward practical proposals.

At the same time, APEC economies have strengthened the capacity building of the free trade area through organizing policy dialogue and information exchange activities such as free trade area, and further cooperated with the Asia Pacific Free Trade Area consensus.

Li Baodong pointed out that the construction of the Asia Pacific Free Trade Zone is an important means to deal with the noodle bowl effect and fragmentation risk of trade arrangements. It is confident that it will become a new banner of economic cooperation in the Asia Pacific region after the goal of Bogor.

At the same time, the Beijing conference adopted the APEC interconnection blueprint (2015~2025), which established the vision of seamless, comprehensive integration and integration of the Asia Pacific region in the next ten years.