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China says trade rules should based on equal negotiation

Staff Writer |
China has ruled out seeking a leading role in regional trade arrangements and said that trade rules should be based on equal negotiation.

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"China does not seek a leading role in the Regional Comprehensive Economic Partnership (RCEP) and the Free Trade Area of the Asia-Pacific (FTAAP)," said Foreign Ministry spokesperson Geng Shuang at a press conference Friday.

Geng made the remarks while commenting on reports speculating regional countries would turn to the RCEP, and that China may write the trade rules in Asia-Pacific region, as the Trans-Pacific Partnership (TPP) led by the Unites States faces uncertainty.

The RCEP has ASEAN taking a leading role, while the FTAAP is a proposal of regional economic integration under APEC, Geng said.

China has been cooperating with all sides to push forward the RCEP on the basis of respecting ASEAN's core role, he added.

During the APEC summit held in Beijing 2014, APEC members agreed to start a joint strategic study of the FTAAP, marking the official launch of the region-wide free trade area process.

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