8. Free-trade pacts strengthen bilateral ties with nations
November saw the leaders of the 21 economies of the Asia-Pacific Economic Cooperation forum meet in Beijing, with accelerating economic ties across the region topping the agenda. In a historic step, the meeting endorsed a China-backed roadmap for a vast free-trade area across the region, known as the "Free Trade Area of the Asia-Pacific". A two-year study into the establishment of the FTAAP has now been launched.
China also completed two further bilateral free-trade agreements with Asia-Pacific partners in November. The first was with South Korea signed on the sidelines of the APEC meeting on Nov 10. A week later, a trade agreement with Australia, which had been in discussion for close to a decade, was signed during President Xi Jinping's visit to the country.
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263 Registration Number: 130349 
