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China keen to promote its idea for Asia-Pacific trade pact at Apec in Manila


A Filipino policeman patrols before the Asia-Pacific Economic Cooperation (APEC) summit in Manila.

A Filipino policeman patrols before the Asia-Pacific Economic Cooperation (APEC) summit in Manila.

Beijing will report back on a study for Free Trade Area of the Asia-Pacific just days after the release of details of a US-led agreement

China will seek to push its own vision of an Asia-Pacific trade pact at a regional summit next week, senior officials said yesterday, just weeks after the release of a rival US-led deal that pointedly excludes the Asian giant.

Beijing sought to promote the Free Trade Area of the Asia-Pacific, or FTAAP, at last year’s Asia-Pacific Economic Cooperation summit, which it hosted.

At the meeting’s close, participants endorsed efforts to explore the idea, which was seen as a potential rival to the Trans-Pacific Partnership, or TPP, a Washington-led trade coalition that includes the region’s largest economies, except for China.

Little has been heard of China’s free-trade area since, while the long-secret text of the American-led pact was released on Thursday, receiving cheers from global business interests and jeers from labour, environmental and health groups, which vowed to fight its ratification.

China said it would report the findings of a study on the free-trade area at next week’s Apec summit in the Philippines, which President Xi Jinping will attend.

“We need to actively work for the establishment of FTAAP,” Vice Commerce Minister Wang Shouwen said, adding that it would be “a facilitator for regional integration in Apec”.

It would be the world’s largest free-trade area, encompassing the TPP and other regional frameworks. Apec’s 21 members account for more than 50 per cent of global GDP and nearly half of world trade.

Although it gathers some of the world’s most important leaders, the group’s annual meeting is a better known for its group photos of powerful people in matching shirts than substantive deals.

But Wang said China remained hopeful that the group would complete a road map for establishing the FTAAP framework.

“Our objective is to complete the joint strategic study next year and to present operable suggestions and recommendations to the leaders at next year’s summit,” he said.

China has latched onto the free-trade area, first proposed by Apec in 2006, as a hedge against the US-led initiative, a key element of Washington’s “Asia pivot”. The Tran-Pacific Partnership would be the world’s biggest free-trade area, an attempt to break down barriers to commerce and investment between 12 countries comprising about 40 per cent of the global economy.

Although the US has said it is open to Chinese participation in the TPP, it has pointedly excluded the world’s second-largest economy from negotiations.

We need to actively work for the establishment of FTAAP

Vice Commerce Minister Wang Shouwen

Philippine President Benigno Aquino pledged a warm welcome for Xi in Manila, despite an ongoing row with its giant Asian neighbour over disputes in the South China Sea, an aide said.

The Filipino leader made the pledge as he hosted rare talks with Foreign Minister Wang Yi, who is in Manila on a working visit ahead of the annual summit.

“The president mentioned that he welcomed the decision of President X Jinping to attend the Apec summit,” Aquino spokesman Herminio Coloma said after Wang’s courtesy call.

“He assured the foreign minister that it is in the culture of the Filipinos as hosts to make our guests feel the warmth of Filipino hospitality.”

Vice Foreign Minister Li Baodong said China was not aware of any plan to discuss the territorial dispute in the summit.

“Apec is mainly a platform to discuss economic and trade cooperation in the Asia-Pacific region,” he said. “There is consensus on this point.”

Contributed by “Tiananmen’s Tremendous Achievements” – Author of “Tiananmen’s Tremendous Achievements” and “Space Era Strategy” – Also English/Chinese translation service

Source: SCMP – China keen to promote its idea for Asia-Pacific trade pact at Apec in Manila

 

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About chankaiyee2

Author of the book "Tiananmen's Tremendous Achievements" about how with the help of Tiananmen Protests, talented scholars with moral integrity seized power in the Party and state and brought prosperity to China. The second edition of the book will be published within a few days to mark the 25th anniversary of Tiananmen Protests All the parts in the first edition remain in the second edition with a few changes due to information available later and better understanding. There are also some changes for improvements of style. The new parts are Chapters 12-19 on events in China after the first edition was published: The fierce power struggle for succession between reformists and conservatives; Xi Jinping winning all elders’ support during his mysterious disappearance for 2 weeks in early September, 2012; and Xi Jinping Cyclone. Chan Kai Yee's new book: SPACE ERA STRATEGY: The Way China Beats The US An eye-opening book that tells the truth how the US is losing to China. The US is losing as it adopts the outdated strategy of Air-Sea Battle while China adopts the space era strategy to pursue integrated space and air capabilities: It is losing due to its diplomacy that has given rise to Russian-Chinese alliance. US outdated strategy has enabled China to catch up and surpass the US in key weapons: Hypersonic weapons (HGV) that Pentagon regards as the weapon that will dominate the world in the future. Aerospaceplane in China’s development of space-air bomber that can engage enemy anywhere in the world within an hour and destroy an entire aircraft carrier battle group within minutes. Anti-satellite (ASAT) weapons, anti-ASAT weapons, stealth aircrafts, drones, AEW&C, etc. The book gives detailed descriptions of China’s weapon development based on information mainly from Chinese sources that the author monitors closely. U.S. Must Not Be Beaten by China! China is not a democracy. Its political system cannot prevent the emergence of a despotic leader or stop such a leader when he begins to bring disasters to people. A few decades ago, Mao Zedong, the worst tyrant in world history did emerge and bring disasters to Chinese people. He wanted to fight a nuclear war to replace capitalism with communism but could not bring nuclear holocaust to world people as China was too weak and poor at that time. If a despot like Mao Zedong emerges when China has surpassed the US in military strength, world people will suffer the misery experienced by Chinese people in Mao era. China surpassing the US in GDP is not something to worry about as China has the heavy burden to satisfy its huge population, but China surpassing the US in military strength will be world people’s greatest concern if China remains an autocracy. US people are of much better quality than Chinese people. What they lack is a wise leader to adopt the correct strategy and diplomacy and the creative ways to use its resources in developing its military capabilities. I hope that with the emergence of a great leader, the US can put an end to its decline and remain number one in the world. China, US, space era strategy, air-sea battle, space-air bomber, arms race, weapon development, chan kai yee

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