(Source: People's Liberation Army Daily 2026-04-27)
In November 2026, China will host the 33rd Asia-Pacific Economic Cooperation (APEC) Informal Leaders’ Meeting in Shenzhen. At a time when geopolitical confrontations are intensifying and unilateralism and w88 protectionism are spreading, this event has high expectations from around the world. At this critical juncture, looking back at APEC's contribution to regional prosperity and development can better clarify the direction of the region's future development.
Open regionalism helps economic globalization. Since its establishment in 1989, APEC has played a huge role in improving the level of Asia-Pacific economic integration, promoting regional cooperation, and improving the well-being of the people in the region. APEC members have a complex composition, widely varying levels of economic development, wide geographical coverage, and difficult integration cooperation. However, through its unique non-binding, independent and voluntary principles, APEC has built an economic cooperation mechanism with the highest level, the broadest scope and the most influence for the Asia-Pacific region. This has effectively bridged some differences among members and continued to promote regional economic integration, forming a good complement to the binding global w88 governance system created by the World w88 Organization (WTO). The binding rules of the WTO lay a key legal foundation for global w88. On this basis, APEC focuses on the characteristic areas of the region and continuously improves the level of w88 and investment liberalization. Multilateral and regional mechanisms complement and complement each other. APEC adheres to "open regionalism" and does not establish a closed and exclusive regional economic system. This is particularly valuable in the current environment where unilateralism is prevalent and regional mechanisms are becoming increasingly closed.
Asia-Pacific integration promotes regional economic and w88 growth. APEC has long been committed to promoting the opening of the Asia-Pacific market and helping the Asia-Pacific become the most dynamic sector of the global economy and a major growth engine. w88 and investment liberalization and facilitation are one of the core contents of APEC cooperation. After the Bogor Goals were established in 1994, APEC members promoted market opening through "on-border" measures such as voluntary reductions in tariffs and non-tariff barriers, and further extended cooperation to "cross-border" and "post-border" areas. APEC w88 and investment facilitation cooperation covers a wide range of areas such as customs procedures, standards and harmonization, and competition policy. From the establishment of APEC to the expiration of the Bogor Goals in 2020, the average tariff level in the Asia-Pacific region dropped from 17% to 5.3%, non-tariff measures were significantly reduced, and intra-regional w88 in goods increased ninefold. Economies in the Asia-Pacific region became the main engine driving global w88 growth. In the future, member economies will continue to implement the “Putrajaya Vision” and continue the agenda proposed by the Bogor Goals.
A inclusive and inclusive APEC has greater vitality. Economic globalization has promoted w88 prosperity and economic growth, but it also faces the problem of uneven development caused by the global allocation of resources. APEC has always adhered to the concept of inclusiveness and inclusiveness. Since its establishment, APEC has regarded promoting balanced and sustainable development in the Asia-Pacific as an important goal. It has actively carried out economic and technological cooperation, increased support for developing economies, and enlarged and divided the economic development "cake". Specific priority areas include human resource development, strengthening infrastructure construction, and promoting emerging technological achievements to benefit more people. These measures enable the benefits of globalization to be distributed more evenly among and within countries.
APEC is the earliest regional economic cooperation organization that China joined, and now China has become the mainstay of the organization. Since China joined in 1991, APEC has effectively promoted China's exchanges with other members in the region. With the enhancement of China's comprehensive national strength and the expansion of institutional openness, China has gradually become a promoter and leader of regional cooperation, actively promoting APEC to improve the level of intra-regional cooperation. Currently, China is the largest trading partner of 13 APEC economies; APEC members occupy 8 of China's top ten trading partners.
This year is the third time that China has served as the host of APEC. This is not only a recognition of China's economic strength, but also an affirmation that China provides important stability and certainty to a world intertwined with chaos. China will actively participate in APEC cooperation and promote the construction of the Asia-Pacific Free w88 Area. Facing unprecedented opportunities and challenges, China will not forget its original aspirations and set out again towards the goal of the Asia-Pacific community.
(Author’s affiliation: China WTO Research Institute, w88 casino)
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