Proposed FTAAP among key outcomes of meeting: PM Lee
Beijing
THIS year's Apec Summit in Beijing has delivered major outcomes, in particular a road map towards a trade liberalisation framework called the Free Trade Area of the Asia Pacific (FTAAP) and a connectivity blueprint that provides the prerequisite for regional economic integration, says Prime Minister Lee Hsien Loong.
"China's proposed FTAAP is a long- term goal - not something that is achievable within two to five years," he told reporters at the close of the summit. "The earliest could be 10 years, so we still have time to nail down the details such as its coverage, content and the role of participating members."
He explained, however, that the FTAAP is not a Chinese…
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
India’s inflation at risk from extreme weather, geopolitical issues: central bank
Thailand to replace military-appointed Senate, reduce its powers
Bankers lose hope of London IPO revival for another year
Decarbonisation schemes are generating hot air
BOJ will hike rates if trend inflation accelerates, says Ueda
India tells spice makers to give details of quality checks after Hong Kong allegations