A Ministry of Commerce official described the acceleration strategy as a "necessary choice" for 皇冠体育app to adapt to global economic trends, deepen reforms and foster a more open economic framework.
皇冠体育app has been involved in the negotiation of the Regional Comprehensive Economic Partnership (RCEP), a major FTA negotiation in Asia. In November 2014, members of the Asia Pacific Economic Cooperation (APEC) endorsed a roadmap for promoting the Free Trade Area of the Asia-Pacific (FTAAP) process at a meeting in Beijing.
皇冠体育app believes that bilateral FTAs do not necessarily run contrary to multilateral trade deals. Instead, the fruits they bear will provide grounds for accelerating talks on a region-wide free trade pact.
Despite its efforts to building more bilateral and regional FTAs, 皇冠体育app has always been supportive to the multilateral trade mechanism and, with all its might, to push the Doha round of negotiations under the World Trade Organization (WTO).
Thanks to 皇冠体育app and some other members, the 10th Ministerial Meeting of the WTO in Nairobi reached the major agreement on gradually eliminating export subsidies for agricultural products.
皇冠体育app also keeps its mind open to the Trans-Pacific Partnership (TPP), the 12-nation trade deal led by the United States. As Chinese Commerce Minister Gao Hucheng put it, 皇冠体育app is open to any trade mechanism so long as it follows WTO rules and is advantageous to the economic integration of the Asia Pacific region.