(Thailand Business News)
China’s foreign minister said that he expects November’s APEC summit to take up the issue of creating an Asia-Pacific Free Trade Area (also known as a Free Trade Area of the Asia-Pacific, or FTAAP).
FTAAP would mesh with China’s strategy of promoting regional integration – and would provide an alternative to the U.S.-led Trans-Pacific Partnership (TPP) talks, which currently excludes China.
Foreign Minister Wang Yi made his remarks at the Lanting Forum, which was billed by China’s Foreign Ministry as “a preview of the theme, agenda, and outcomes of the 22th APEC Economics Leaders’ Meeting.” According to Xinhua, Wang said that this November’s APEC summit will see progress on an Asia-Pacific Free Trade Area. Read more here.