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INTERNATIONAL: Beijing APEC Summit agrees on economic integration, innovation and connectivity

JAKARTA (Rambu Energy) – Leaders from the Asia-Pacific Economic Cooperation (APEC) economies concluded their annual meeting in Beijing, China Tuesday, agreeing on economic integration, innovation and connectivity.

The APEC China 2014 Organizing Committee said in its official website that the meeting adopted two important documents. First, the 22nd APEC Economic Leaders’ Declaration: Beijing Agenda for an Integrated, Innovative and Interconnected Asia-Pacific. The second document was on the “Statement on the 25th Anniversary of APEC: Shaping the Future through Asia-Pacific Partnership”.

“We have had thorough and fruitful discussions on the meeting’s theme and three major topics and exchanged views on the vision of Asia-Pacific development and the future direction of APEC cooperation,” Chinese President Xi Jinping, who hosted the meeting, said in the closing remarks.

The meeting have reached “extensive and important” consensus, President Xi Jinping said.

The APEC members also endorsed a roadmap for promoting the Free Trade Area of the Asia-Pacific (FTAAP) process and approved important initiatives on global value chains, supply chains and capacity building.

The APEC leaders decided to take economic reform, new economy, innovative growth, inclusive support and urbanization as five pillars.

They adopted a blueprint to promote regional connectivity by 2025 and agreed to set up a cross-border law enforcement network to strengthen transnational anti-corruption cooperation.

The APEC members have made important consensus on the launch of the FTAAP process, promotion of connectivity as well as pursuit of innovation and development.

“We need to translate the consensus into actions and make development blueprints for the next five, ten and even 25 years,” said President Xi Jinping as quoted by the APEC China Summit official website.

The 21-member APEC involves a population of 2.8 billion, or 40 percent of the global total, and produces 57 percent of the global gross domestic product (GDP) and contributes 46 percent of global trade.

Leaders from other APEC economies agreed with Xi on China’s initiatives and highly appraised China’s efforts to promote regional and global prosperity as well as the development of the APEC framework.

On the sidelines of their formal meeting, leaders and representatives including Xi planted trees to mark friendship in the APEC family.

The newly elected Indonesian President Joko Widodo attended the APEC Summit, the first his overseas agenda after installed as the 7th Indonesian President on Oct. 20. Presdient Joko Widodo held bilateral meetings with a number of heads of states of the APEC members, including the hosted country President Xi Jinping, US President Barack Obama, Japanese PM Shinzo Abe, Russian President Vladimir Putin and Vietnam President Truong Tan Sang. (*)

Courtesy photo: APEC China Summit Organizing Committee

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