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Xi Urges Faster APEC Talks on China-backed Free Trade Area

Posted November 11, 2014

Under Economic Issues, International Trade Issues

(Reuters)

The global economic recovery is unstable and nations in the Asia Pacific Economic Cooperation (APEC) bloc should speed up free trade talks to spur growth, Chinese President Xi Jinping said on Tuesday.

Speaking at this year's APEC summit in Beijing, Xi said the 21-member forum had agreed that economic integration was the "driving force" behind sustained strong growth and APEC "should continue to play a leading and coordinating role in pushing forward this process". [...] Xi urged members to speed up talks on a trade liberalization framework called the Free Trade Area of the Asia Pacific (FTAAP) that is being pushed by Beijing. Read more here.