China committed to Asia-Pacific economic integration
"China will forge ahead with the negotiation of the Regional Comprehensive Economic Partnership (RCEP) and the construction of the Free Trade Area of the Asia-Pacific (FTAAP) so as to add new impetus to regional and global economic development," said Foreign Ministry spokesperson Hua Chunying at a daily press briefing.
US President Donald Trump Monday signed a memorandum ordering withdrawal from the Trans-Pacific Partnership (TPP).
The TPP, a free trade pact between 12 Asia-Pacific countries, was formally signed by ministers last February after more than five years of negotiation. China is not a member of the TPP.
Hua said that China had always called for an open, transparent and mutually beneficial regional free trade arrangement and believed trade rules should be made through neogtiation with all parties on an equal footing.
"The Asia Pacific region should continue to exert its role as the engine of global economy under the current economic downturn and establish an open economy," said Hua. ■