With the future of the U.S.-backed Trans-Pacific Partnership (TPP) dims under U.S. President-elect Donald Trump, the alternative Regional Comprehensive Economic Partnership (RCEP) occupied the center stage at the weekend's Asia-Pacific Economic Cooperation (APEC) Economic Leaders' Meeting in Peru.
China is dedicated to the economic integration of the Asia-Pacific, and in what appears to be progress toward this integration, various new regional free trade agreements (FTAs) keep cropping up.
Common trade rules are needed in the Asia-Pacific region as businessmen have complained about different regulations that make trade complicated, experts said Thursday.
A ministerial meeting of Asia-Pacific Economic Cooperation (APEC) has reiterated the resolution to draft a roadmap concerning the establishment of a Free Trade Area of the Asia-Pacific (FTAAP).
China hopes that proposing a feasibility study of the Free Trade Area of the Asia-Pacific (FTAAP) will help deal with the fragmentation of global trade, a senior official said on Thursday.
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