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Asia-Pacific region trade ministers made "a series of important agreements" at their two-day meeting, including finalizing a road map for the creation of a free trade area, senior officials said on Sunday.

"We recognize the importance of demonstrating the Asia-Pacific Economic Cooperation's leadership and commitment to regional economic integration, and developing a pragmatic guide to advance work toward a free trade area of the Asia-Pacific (FTAAP) in a step-by-step approach," said the Qingdao Statement, released at the conclusion of the meeting.

"We agree on the development of the road map for APEC's contribution to the realization of an FTAAP. We instruct officials to finalize the road map in 2014."