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APEC pursues multilateral trade

Leaders of APEC economies have expressed their strong commitment to the multilateral trade system in the digital age and anti-protectionism while also recognised the importance of bilateral agreements, stated Thailand’s The Nation.
APEC pursues multilateral trade ảnh 1Leaders of the 21 APEC member economies join a photo session on the ocassion of the 25th APEC Economic Leaders' Meeting (Photo: VNA)
Bangkok (VNA) - Leaders of APEC economies have expressed their strong commitment to the multilateraltrade system in the digital age and anti-protectionism while also recognisedthe importance of bilateral agreements, stated Thailand’s The Nation.

APEC members lauded the multilateral trading system and liberalisation amidchanges in the global situation, according to the English-language dailynewspaper.

It cited the joint declaration of APEC leaders which said they recommit tofight protectionism, including all unfair tradepractices, recognising the role of legitimate trade defence instruments.

Besides, the 11 members of the Trans-Pacific Partnership (TPP) held a meeting on the sidelinesof the APEC Economic Leaders’ Meeting. They agreed on core elements of thepact, which is from now on called the Comprehensive and Progressive Agreementfor Trans-Pacific Partnership (CPTPP).

In a joint statement, thosecountries agreed not to make amendments to the original text but freeze theimplementation of some clauses to ensure balance and the quality of thedocument in the new context.-VNA
VNA

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