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| China sees role for APEC in WTO talks |
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The Asia-Pacific Economic Cooperation (APEC) forum should play a role in a new round of trade negotiations of the World Trade Organization (WTO), Chinese Minister of Foreign Trade and Economic Cooperation Shi Guangsheng said Wednesday.
Promoting sound development of the multilateral trade system has always been a major agenda of the WTO, and APEC can continue to play a great role in this respect, the Chinese minister said at a ministerial meeting held in Los Cabos in northern Mexico, leading up to the 10th annual meeting of APEC leaders scheduled for Oct. 26-27.
China hopes that agreement will be reached at the new round of trade negotiations of the WTO as early as possible in accordance with the consensus among all the parties concerned, he said.
He added that equitable, impartial and rational results of the negotiations will generate great impacts on the global economic development, and will help narrow the development gap among WTO members.
In the new round of WTO trade negotiations, the establishment of a new, multilateral trade system should be in the interest of establishing an equitable, impartial and rational new international economic order, promoting the world's economic development and facilitating trade and investment, and balancing the interests among developed and developing countries, Shi said.
APEC, set up in 1989, groups Australia, Brunei, Canada, Chile, China, Chinese Hong Kong, Indonesia, Japan, South Korea, Malaysia, Mexico, New Zealand, Papua New Guinea, Peru, the Philippines, Russia, Singapore, Chinese Taipei, Thailand, the United States and Vietnam.
Editor: Zhao Xuan
Source: Xinhua
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