Tuesday, 23 January 2018 09:56 GMT

S. Korean leader urges APEC free trade

(MENAFN) South Korean President Moon Jae-in encouraged attempts to promote free trade in the Asia-Pacific region, pledging support for the early termination of a regional trade deal known as the Regional Comprehensive Economic Partnership (RCEP).

Moon said: "Over the past 30 years, APEC realized outstanding development. It has become the focal point of economic cooperation in the Asia-Pacific region while the region's trade volume increased by more than 7 percent each year."

He cited that APEC symbolizes the biggest market in the world with its member economies making up 60% of international gross domestic product and 45% of international trade.

He added: "The path APEC walks will be the path of the global economy, I suggest that APEC set an example by being the first to expand free trade and realize inclusive growth."


  Most popular stories  

Day | Week | Month