Chinese President Xi Jinping on Friday called on members of the Asia-Pacific Economic Cooperation (APEC) to jointly safeguard the multilateral trading system.
“We must practice true multilateralism, and enhance the authority and effectiveness of the multilateral trading system with the World Trade Organization at its core,” Xi said while addressing the first session of the 32nd APEC Economic Leaders’ Meeting in Gyeongju, the Republic of Korea.
The Chinese president put forward a five-point proposal for promoting a universally beneficial and inclusive economic globalization and building an Asia-Pacific community.
In addition to calling for safeguarding the multilateral trading system, Xi also urged joint efforts to build an open regional economic environment, maintain the stability and smooth flow of industrial and supply chains, promote digitalization and greening of trade, and promote universally beneficial and inclusive development.
