CAI MENG/CHINA DAILY
The global economic and trade landscape is undergoing profound restructuring, with geopolitical tensions becoming increasingly complex and a new round of technological revolution and industrial transformation gathering pace.
As challenges such as climate change and demographic shifts become increasingly intertwined, Asia-Pacific Economic Cooperation economies face a shared imperative — to build a fair, rational and sound rule-based system, stabilize the Asia-Pacific's economic and trade fundamentals, and strengthen the resilience of industrial and supply chains.
Against such a backdrop, advancing the Free Trade Area of the Asia-Pacific, or FTAAP, represents a viable pathway and strategic choice to address development bottlenecks, consolidate the foundation for coordinated regional development and foster sustainable economic growth across the Asia-Pacific.
As the most inclusive regional cooperation mechanism in the Asia-Pacific, APEC has adopted flexible and diversified cooperation modalities and continued to focus on emerging areas such as the digital economy and green development.
