Search Result for : Free Trade Area Of The Asia Pacific Ftaap

The Dollar Business Bureau  Before the departure of Chinese President Xi Jinping for  the Asia-Pacific Economic Cooperation (APEC) summit to be held in Peru from November 19-20, Li Baodong, the country’s Vice Foreign Minister cautioned about the upsurge of protectionism and said that the region required a free trade agreement (FTA) as soon as possible.  “Trade and investment protectionism is rearing its head, and Asia-Pacific faces insufficient momentum for internal growth, and difficulties in advancing reforms,” Li said, while briefing reporters.  Li also opined that China thinks it should set a very practical and fresh working plan, to respond positively to the industry’s expectations, and maintain momentum in order to create a free trade area in the Asia-Pacific region at an early date.  During ...

Bidhu Bhushan Palo | @TheDollarBiz Source - APEC   Onlookers are usually rattled when rivals join hands to improve their financial condition because talks on economic partnerships can neither be superficial nor mere diplomacy. And this time, it is Barack Obama, Vladimir Putin and Xi Jinping who have forgotten their differences to meet by the Yanqi Lake in Beijing to take forward the economic partnership among 21 nations on both sides of the Pacific Ocean. Formed 25 years ago in 1989, the influence and the potential of the Asia-Pacific Economic Cooperation (APEC) is huge. In 2010, this group’s total trade stood at around $16.8 trillion ($3 trillion or 18% by China alone), which is more than five times the $3.1 trillion ...