09/11/2014
Focus on preventing safe havens and tackle corruption
«APEC» states recognize a road map for a free trade agreement supported by China
Member States agreed on economic cooperation of Asian and Pacific States ' APEC ' today to move forward on a free-trade agreement supported by Beijing for Pacific States. According to ' German ', it was agreed that the Ministers responsible for trade of APEC Member States on a roadmap to study options for the free trade area of the Asia-Pacific region. The population of APEC Member States approximately 40 per cent of the world's population, 55 percent of economic output, Ministers meeting comes ahead of the two-day APEC Summit kicks off tomorrow. In a statement posted on the APEC Web site, in order to make the free trade area of the Asia-Pacific vision into reality, we agreed to start and move the process forward in a comprehensive and structured towards the establishment of the free trade area of the Asia-Pacific region at the end.
China enthusiastic is viewed by on the free trade area of the Asia-Pacific ' widely it is driven by a desire not to marginalization through cross-Pacific partnership agreement that Washington is seeking to achieve, says Beijing was simply trying to support more than 80 trade agreement in the region. Member States agreed to adopt a declaration to combat corruption and build a network to promote cross-border law enforcement, said Wang Yi, Minister of Foreign Affairs at the end of the ministerial meeting of APEC ' that States will enhance cooperation to recover assets illegally transferred to clamp down on graft in the region. The Ministers said in a joint statement that ' new strength and new impetus, we will take action and move forward in more effective measures are necessary to protect our common security ', adding that efforts will focus on preventing safe havens and extradition of corrupt officials and support the recovery of assets and the protection and integrity of the market system.
And can promote the initiative proposed by Beijing campaign initiated by China in July last year to target corrupt officials who have fled abroad are known as the ' fox hunting 2014 '. John Kerry said the US Secretary of State said his country supported efforts to monitor and prosecute foreign bribery in them, adding that corruption comes from the people, we need the same set of laws for all.
The news report today that representatives from China and the United States agreed to soften their positions on plans for free trade pacts in the Pacific region, the newspaper ' South China Morning Post that Chinese officials had agreed to reduce the importance of the plan of a feasibility study on free trade area of the Asia-Pacific region in APEC Summit '. The report said that the initiative will be referred to now as the study on joint strategy in the wake of pressure from the United States, a US official who asked not to be named, as saying that this shift in terminology is important because when you use a feasibility study, it is used in trade talks as include launch of negotiations toward a free trade agreement. And will include a free trade area of the Asia-Pacific region, many countries around the Pacific, including the United States and China, pressed Washington for a free trade agreement is another trans-Pacific partnership ', which excludes China.
For their part, US negotiators agreed to soften their position on the agenda for discussions on cross-Pacific partnership agreement ', and said that such talks would remain for now of secondary importance. The APEC Summit is a forum between Governments seeks to support sustainable growth and economic integration and reducing trade barriers across the Asia-Pacific region, the commitments are non-binding and decisions are made by consensus, other than decisions made in the World Trade Organization. Aimed at so-called ' Bogor Goals ' which identified 1994, named after the Indonesian city where APEC leaders ' hosted ' this year to achieve free and open trade and investment in the Asia-Pacific region by 2010 for industrialized economies and by 2020 for developing economies. And Member States ' APEC ' are Australia, Brunei, Canada, Chile, China, 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 Viet Nam.
