Chinese President Hu Jintao, speaking at the second-day session of APEC's 15th Economic Leaders Meeting held in Sydney on Sunday, expounded China's stance on the World Trade Organization (WTO)'s Doha Round talks and regional economic integration.
The Economic Leaders Meeting of the Asia-Pacific Economic Cooperation (APEC) forum, under the theme "Strengthening our community, building a sustainable future," focused on the WTO's multilateral trade talks and regional economic integration during its second-day session.
DOHA ROUND TALKS
On the Doha Round negotiations, Hu said that a fair, open, equitable and non-discriminatory multilateral trading regime is of vital importance to all countries, developing countries in particular, to invigorate their economles.
China, he added, is committed to establishing a fair, open, equitable and non-discriminatory multilateral trading regime.
"China is ready to work with other members to play a constructive role and move the Doha Round negotiations toward a comprehensive and balanced outcome at an early date," Hu told leaders of other APEC economies.
REGIONAL ECONOMIC INTEGRATION
On regional economic integration, Hu said that in recent years, the Asia-Pacific region has witnessed further development of its regional economic integration, with the emergence of various free trade agreements and closer economic and trade links among its members.
Taking account of the diversity of the Asia-Pacific region, "we should promote regional economic integration at various levels and by various means," Hu said.
On the proposed establishment of the Asia-Pacific Free Trade Area, Hu said it should be a long-term and gradual process as many issues need to be further studied.
China is ready to work with other APEC members to continue to push forward regional economic integration in the Asia-Pacific region, and conduct further study of the prospects of the Asia-Pacific Free Trade Area, Hu added.
STRUCTURAL REFORMS
On the structural reforms being pursued by APEC economies, Hu pointed out that the targets, content and priorities of the reforms vary greatly as the economies are at different stages of development.
Therefore, APEC should push ahead with capacity building and exchange of information in accordance with the principles of self-determination, voluntariness, flexibility and pragmatism, Hu said.
China is at a critical stage of reform and development, with priorities given to the shift of government functions and deepening of reform of the corporate system, financial system, taxation system, the banking system, etc, he said.
China will speed up the process of improving its system of a socialist market economy, in order to form systems and mechanisms advantageous to the shift of ways of economic development and promotion of sustainable development in an all-round way, he said.
The Chinese president said his country will continue to participate actively in APEC cooperation on structural reforms.
In the afternoon session, APEC leaders listened to the reading of the Sydney declaration, entitled "Strengthening our community, building a sustainable future," and adopted a declaration on the WTO's Doha Round negotiations.
Hu arrived in Sydney from Canberra on Wednesday to attend the annual APEC Economic Leaders Meeting.
The Chinese president, who also paid a state visit to Australia, left here for home on Sunday after attending the APEC meeting.
The two-day Economic Leaders Meeting is the culmination of this year's annual APEC meetings, which also include the Ministerial Meeting, Senior Officials' Meeting and a business summit.
Since its inception in 1989 in response to growing interdependence among Asia-Pacific economies, APEC has played a vital role in making the Asia-Pacific region a driving force for world economic growth.
APEC currently has 21 members: Australia, Brunei, Canada, Chile, China, China's Hong Kong, Chinese Taipei, Indonesia, Japan, Malaysia, Mexico, New Zealand, Papua New Guinea, Peru, the Philippines, Russia, Singapore, South Korea, Thailand, the United States and Vietnam. The chairmanship rotates among its members.
The Economic Leaders Meeting of the Asia-Pacific Economic Cooperation (APEC) forum, under the theme "Strengthening our community, building a sustainable future," focused on the WTO's multilateral trade talks and regional economic integration during its second-day session.
DOHA ROUND TALKS
On the Doha Round negotiations, Hu said that a fair, open, equitable and non-discriminatory multilateral trading regime is of vital importance to all countries, developing countries in particular, to invigorate their economles.
China, he added, is committed to establishing a fair, open, equitable and non-discriminatory multilateral trading regime.
"China is ready to work with other members to play a constructive role and move the Doha Round negotiations toward a comprehensive and balanced outcome at an early date," Hu told leaders of other APEC economies.
REGIONAL ECONOMIC INTEGRATION
On regional economic integration, Hu said that in recent years, the Asia-Pacific region has witnessed further development of its regional economic integration, with the emergence of various free trade agreements and closer economic and trade links among its members.
Taking account of the diversity of the Asia-Pacific region, "we should promote regional economic integration at various levels and by various means," Hu said.
On the proposed establishment of the Asia-Pacific Free Trade Area, Hu said it should be a long-term and gradual process as many issues need to be further studied.
China is ready to work with other APEC members to continue to push forward regional economic integration in the Asia-Pacific region, and conduct further study of the prospects of the Asia-Pacific Free Trade Area, Hu added.
STRUCTURAL REFORMS
On the structural reforms being pursued by APEC economies, Hu pointed out that the targets, content and priorities of the reforms vary greatly as the economies are at different stages of development.
Therefore, APEC should push ahead with capacity building and exchange of information in accordance with the principles of self-determination, voluntariness, flexibility and pragmatism, Hu said.
China is at a critical stage of reform and development, with priorities given to the shift of government functions and deepening of reform of the corporate system, financial system, taxation system, the banking system, etc, he said.
China will speed up the process of improving its system of a socialist market economy, in order to form systems and mechanisms advantageous to the shift of ways of economic development and promotion of sustainable development in an all-round way, he said.
The Chinese president said his country will continue to participate actively in APEC cooperation on structural reforms.
In the afternoon session, APEC leaders listened to the reading of the Sydney declaration, entitled "Strengthening our community, building a sustainable future," and adopted a declaration on the WTO's Doha Round negotiations.
Hu arrived in Sydney from Canberra on Wednesday to attend the annual APEC Economic Leaders Meeting.
The Chinese president, who also paid a state visit to Australia, left here for home on Sunday after attending the APEC meeting.
The two-day Economic Leaders Meeting is the culmination of this year's annual APEC meetings, which also include the Ministerial Meeting, Senior Officials' Meeting and a business summit.
Since its inception in 1989 in response to growing interdependence among Asia-Pacific economies, APEC has played a vital role in making the Asia-Pacific region a driving force for world economic growth.
APEC currently has 21 members: Australia, Brunei, Canada, Chile, China, China's Hong Kong, Chinese Taipei, Indonesia, Japan, Malaysia, Mexico, New Zealand, Papua New Guinea, Peru, the Philippines, Russia, Singapore, South Korea, Thailand, the United States and Vietnam. The chairmanship rotates among its members.
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