APEC Singapore

CGTN: China Outlines Four-point Proposal for the Future of APEC

Saturday, November 21, 2020 - 4:05pm

Established in 1989, APEC has become an important platform to facilitate economic cooperation among 21 economies in the Asia-Pacific region.

Key Points: 
  • Established in 1989, APEC has become an important platform to facilitate economic cooperation among 21 economies in the Asia-Pacific region.
  • The Chinese president outlined a four-point proposal for the future of Asia-Pacific cooperation.
  • The FTAAP proposal was initiated in 2004 and written into the declaration of the APEC meeting in 2006.
  • At the virtual meeting hosted by Malaysia, APEC launched a Post-2020 vision the APEC Putrajaya Vision 2040, which is the bloc's new long-term blueprint for future cooperation.