The speaker: APEC countries are exploring the possibility of creating a free trade zone

The speaker: APEC countries are exploring the possibility of creating a free trade zone

MANILA (Philippines), 16 Nov. The Ministers of economies of the Asia-Pacific economic cooperation (APEC) consider the prospective establishment of the free trade zone, told journalists the head of Ministry of economic development Alexei Ulyukayev following the meeting with the Minister of trade of Indonesia Thomas Trication Lembongan and the Minister of economy, trade and industry of Japan, Hayashi Motoo on the eve of the APEC summit.

“In the APEC framework considering the Chinese proposal to establish a free trade area in the Asia-Pacific region, there would be no country restrictions in contrast to TTP and cover if desired all of the country. Now a research group which is considering this issue. Regarding the speech of Ministers, my colleagues, felt that the hope for progress in this direction”, — said the Minister.

Possible creation of an FTA in Manila was not raised, the Minister added. “Such details on the Ministerial meeting was not discussed because the regulation gives 6 minutes. Therefore, concerned General issues. It’s probably more the experts will work out, but I think that these are the years of course” — said Ulyukayev.

According to the Minister, in meetings with colleagues also raised the questions of formation of favorable investment environment for development, including for development of integration associations.

“Much is said about the specific efforts of the country in important areas such as support for small and medium business, the appropriate road map there,” continued the speaker. The issues of protection of intellectual property rights, easier access to commodity markets are also the subject of discussion by Ministers of economy, trade and inostrannyh Affairs of APEC economies, he concluded.