Time to think big on Asia-Pacific trade

0 Comment(s)Print E-mail Xinhua, November 9, 2014
Adjust font size:

As Asia-Pacific leaders gather in the coming days for the annual summit under this region's premier economic cooperation framework, hopes are running high that they will inject fresh vigor into regional economic integration.

Particularly, all eyes are on the Free Trade Area of the Asia-Pacific (FTAAP), an all-encompassing free trade vision for which the 21-member Asia-Pacific Economic Conference (APEC) forum is expected to hatch out a roadmap.

It is undeniable that to craft a free trade zone out of a region as vast and diverse as the Asia-Pacific is extremely cumbersome and time-consuming, yet the current trend of fragmentation and incoordination has turned the region's trading system into a spaghetti bowl.

The recent decade has witnessed a mushrooming of small and medium-sized FTAs in the Asia-Pacific. From the Trans-Pacific Partnership (TPP) to the Regional Comprehensive Economic Partnership (RCEP), it is evident that Asia-Pacific economies are truly eager to open up to each other for the sake of mutual benefit and common development.

However, due to a lack of information-sharing and transparency, such a multitude of varying and overlapping free trade mechanisms might eventually generate a myriad of complex or even contradictory rules governing regional trade, thus creating even larger barriers for traders and investors.

Thus it is high time that serious attention was paid to the FTAAP idea, which has been around for almost a decade. The overarching arrangement is intended to be open, inclusive and flexible, so as to accommodate all economies in the region and bridge trade deals both in being and in the making.

A high-quality FTAAP, studies show, could increase the size of global economy by a whopping 2.4 trillion U.S. dollars by 2025.

As such a grand vision draws closer to reality, it is only natural for suspicions and noises to kick in. Some Western media have rushed to hype up a "China-U.S.rivalry" for leadership in the region's mounting free trade drive.

Allegations of this sort are groundless and betray their advocates' obsession with confrontation or sensation.

The FTAAP is by no means a "solo show" of China. Rather, it is the shared aspiration of all APEC members that will bring them a wealth of benefits.

In addition, the FTAAP is not aimed at forcing out other free trade arrangements in the region, but at integrating them and making regional movement of goods and services more efficient.

With the world economy defined by globalization and Asia-Pacific economies subjected to mounting interdependence, the time is now ripe to treat the dynamic region as a whole.

Follow China.org.cn on Twitter and Facebook to join the conversation.
Print E-mail Bookmark and Share

Go to Forum >>0 Comment(s)

No comments.

Add your comments...

  • User Name Required
  • Your Comment
  • Enter the words you see:    
    Racist, abusive and off-topic comments may be removed by the moderator.
Send your storiesGet more from China.org.cnMobileRSSNewsletter
主站蜘蛛池模板: 国产一区二区精品| 波多野结衣在线影院| 国产成人精品免费视频大全可播放的 | 日本永久免费a∨在线视频| 亚洲国产香蕉视频欧美| 裸のアゲハいきり立つ欲望电影 | 久久午夜电影网| 最近中文字幕mv高清在线视频| 又湿又紧又大又爽a视频国产| 黄色网址免费在线| 国产福利在线观看视频| 6080新觉伦| 在线中文字日产幕| a级毛片免费网站| 日本公与熄乱理在线播放370| 亚洲美女aⅴ久久久91| 精品国产污污免费网站| 国产XXXX99真实实拍| **aaaa**毛片在线播放| 国内精神品一区区| a级毛片毛片免费观看永久| 妖精www视频在线观看高清| 久青草影院在线观看国产| 真实的国产乱xxxx在线| 国产妇乱子伦视频免费| 婷婷六月丁香午夜爱爱| 大胸年轻的搜子4理论| 久久久久亚洲精品无码网址色欲| 日韩国产在线观看| 久久精品国产四虎| 最近中文字幕高清免费大全8| 亚洲国产精品无码久久青草| 欧美激情videos| 亚洲欧美国产精品完整版| 美女扒开屁股让男人桶爽免费| 国产亚洲欧美在线视频| 青青草成人免费| 国产亚洲综合色就色| 野花香高清在线观看视频播放免费 | a级毛片免费网站| 大胸年轻的搜子4理论|