Minister of International Trade and Industry, YB Dato’ Sri Mustapa Mohamed attended the 26th APEC Ministerial Meeting held in Beijing today. Ministers discussed APEC’s achievements in the past 25 years, including the challenges and opportunities for regional economic cooperation in the coming years.
Minister Mustapa expressed Malaysia’s support for China’s initiatives to advance the process to undertake concrete actions towards the realisation of the Free Trade Area of the Asia-Pacific (FTAAP) in a comprehensive and systematic manner. In Qingdao earlier in May, Trade Ministers agreed that APEC would remain as a non-binding, voluntary forum and provide intellectual inputs into the FTAAP process. They also agreed that FTAAP when agreed, will be pursued outside of APEC.
FTAAP is envisaged to be a comprehensive FTA that is built on existing and on-going FTAs in the region such as the Trans Pacific Partnership Agreement (TPP) and Regional Comprehensive Economic...
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