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APEC leaders reaffirm commitment to FTAAP

Xinhua, November 19, 2015 Adjust font size:

The 23nd APEC Ecomomic Leaders' Meeting concluded here on Thursday with a declaration reaffirming commitment to endorsing the Free Trade Area of Asia-Pacific (FTAAP) and making contribution to translate the vision of the FTAAP into reality.

"We reiterate our commitment to achieve the Bogor Goals of free and open trade and investment by 2020 and to the eventual realization of the Free Trade Area of the Asia-Pacific (FTAAP)," said APEC Leaders' Declaration.

In November 2014, APEC Leaders endorsed the Beijing Roadmap for APEC's Contribution to the Realization of FTAAP. The roadmap provides a Collective Strategic Study on Issues related to the Realization of the FTAAP to be concluded by end of 2016, as well as enhanced information sharing and capacity building.

The study will provide an analysis of potential economic and social benefits and costs, analyze the various pathways towards a Free Trade Area of the Asia-Pacific, and identify challenges economies may face in realizing the FTAAP. Enditem