APEC Leaders Adopt Roadmap to FTAAP

Write : 2014-11-11 18:43:56 Update : 2014-11-12 12:19:12

APEC Leaders Adopt Roadmap to FTAAP

Leaders of the Asia-Pacific Economic Cooperation (APEC) have adopted a roadmap to the establishment of a regional free trade bloc called the Free Trade Area of the Asia Pacific (FTAAP).

Chinese President Xi Jinping made the announcement on Tuesday in a news conference right after the 22nd APEC summit ended in Beijing.

Xi said that APEC’s approval of the roadmap marks a historic step towards the establishment of the FTAAP and it signifies official procedures have now started.

The Chinese president said that the approval proves APEC members’ faith and commitment to regional economic bloc, calling the approval a historic decision worthy of recording in history books. 

He added that the establishment of the FTAAP will consolidate regional economic integration and bring extensive profits and new growth engines to APEC countries.

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