The APEC (Asia-Pacific Economic Cooperation) CEO Summit 2014 will be hold from November 8 to 10, 2014, in Beijing, China. Today, member economies together account for about 40% of the world’s population, 50% of global trade and 60% of total gross domestic product. Leaders, Ministers and Senior Officials from the 21 APEC member economies will meet in Beijing to take forward a series of new measures to reinvigorate trade, productivity and sustainable development.
Today, Asian-Pacific region has become an important part of the global economy and I believe it will be the most important region in the future. So the decisions made on the APEC must have profound influence on the economy development in Asian-Pacific region and create a new macro environment. For example, the proposal of Free Trade Area of Asian-Pacific (FTAAP) will have ground-breaking work. If the FTAAP is achieved, it must be a milestone. Asian-Pacific economic integration construction will be more successful in the future and Asian-Pacific will form a larger market, so that Asia-Pacific can really become the engine of world economic development. Other actions like fighting the corruption also focus on the problems should be solved as soon as possible. So I think the summit will be significant for the region cooperation, economic development and sustainable development.