APEC Senior Officials will reach four aspects of economic and trade agreement

2014 APEC Senior Officials' Meeting concluded last in Beijing on the 6th. Chinese Ministry of Commerce, the Department of International Trade Relations, said Zhang Shaogang Introducing the outcome of the meeting that day, including economic and trade agreement to promote the Asia-Pacific free trade area, promoting the four aspects of the global value chain and supply chain.

Zhang Shaogang introduction, SOM agreed to effectively play the role of APEC coordination and leadership in promoting regional economic integration and promote the realization of the initial completion of the APEC Asia-Pacific free trade zone to develop a roadmap, prepared to carry out information and exchange on issues of economic integration, promote interaction and information exchange in the Asia Pacific region and the ongoing negotiations on the existing trade arrangements between comprehensive strategy while preparing to carry out research in the Asia-Pacific free trade area, and initiate a series of capacity-building, particularly in the negotiation capacity building, in order to achieve Asia-Pacific region's largest range of economic integration foundation.

Zhang Shaogang summary stage start strategic research paths Asia-Pacific free trade zone, said first information sharing, self-experience to communicate the results of a free trade area, increase transparency; followed by case studies, which explore a more universal set of rules; again is Research realization paths to explore in understanding the rules-based trading arrangements for each adopted a "merger of similar items" or "reinvent the wheel"; Finally, capacity building, improve the capacity of developing member economies to participate in negotiations and rule-making, seeking construction achievements FTA maximize efficiency.

The second achievement was to promote the global value chain and supply chain collaboration. The APEC senior officials will agree to promote cooperation in the strategic blueprint for the development of global value chains and increase the value of APEC trade accounting strategic framework. "China hopes the APEC agenda in these guidelines, and comprehensively promote cooperation in these two areas, the APEC cooperation paradigm of global value chains to build win-win cooperation." Zhang Shaogang said.

Will also carry out a number of practical cooperation in this field, such as speeding up the supply chain capacity building, construction, electronic port demonstration Asia-Pacific region, green supply chain, strengthen cooperation in cross-border e-commerce, to help members improve developing members in particular, in the global value chain level.

"Value chain is a 'smiling curve', developed members are smiling at both ends - the design side and sell-side, most developing countries are in the position of the lips, and we hope that through cooperation, the 'Smile' become 'a laugh '. "Zhang Shaogang said.

The SOM third achievement was the adoption of APEC trade and investment to promote capacity building program development, as a guide to develop targeted economic and technical cooperation and capacity building cooperation and realize common development and prosperity among its members.

"'General tat', through interoperability, achieve 'smooth flow of goods, people smooth their lines, rules Mastery', both the need for further coordination in hardware and software." Zhang Shaogang, said.

Fourth achievements to promote the development of the multilateral trading system. The SOM agreed to issue to APEC continue to firmly support the WTO multilateral trading system represented a positive signal, promoting a package agreement reached by the WTO last year, stepped up to carry out "after Bali" program of work, contributed to the Doha negotiations.

"SOM is also opposed to any form of trade restrictions undertaken measures to promote APEC parties parties will not take trade restrictive measures of the year from 2016 to 2018 to push." He said.

Zhang Shaogang describes the results will be submitted to be held on the 7th Ministerial Meeting, after approval, will be submitted to the leaders' meeting, after the final approval of these proposals will start next year as the behavior of the APEC member economies cooperation guidelines.