APEC Innovation Needs Cohesion Consensus

Asia-Pacific Economic Cooperation (APEC) informal leadership meeting of the Eighteenth concluded in Yokohama, Japan. The Conference issued a declaration and other leaders of the four outcome documents, through the development of relevant guidelines and action plan for the development of the Asia Pacific region after the financial crisis indicate a new direction to determine the new guidelines, describes the new blueprint.

APEC as a regional trade and investment liberalization has been further strengthened the role of facilitator.

The General Assembly assessed the "Bogor Goals" The first phase of compliance status, through the "leader of the review of the Bogor Goals on the political statement" that the members of the 13 eligible, made significant progress, but there is still room for improvement. The General Assembly also called for further enhancing trade and investment freedom, the Doha Round negotiations, warning protectionism.

In promoting the technical aspects of trade liberalization, the meeting focused on strengthening economic and technical cooperation, improve the business environment, supply chain connectivity and other facilitation measures. APEC was established 21 years ago, the average tariffs within the region fell by more than 70%. APEC meeting in Singapore last year to undertake what the "border", "border", "cross-border" trade facilitation, the three levels of system construction, Yokohama session, 2015, the international logistics costs and further reduced by 10%.

APEC Asia-Pacific region's economic growth, the status of strategic planning are highlighted.

Conference adopted the "leaders of the growth strategy," and proposed "balanced, inclusive, sustainable, innovative, safe," the economic growth orientation. This is the first time in the history of APEC leaders released the name of growth strategy, and in 2015 the progress of the new strategy report to the APEC leaders.

This meeting, participants reached a consensus that Asia Pacific will continue for some time in the future as the driving force of the global economy and growth center, but face new global challenges and uncertainties. How to follow the situation, while avoiding disadvantages, a higher level at a higher level to achieve sound and rapid economic development of Asia-Pacific region, APEC members is a challenge.

The Conference adopted the "Establishment of the Asia-Pacific free trade area may be way", trying to help the 10 ASEAN countries and China, Japan, Korea and other regional free trade arrangements, and gradually build the Asia-Pacific free trade zone, a regional economic integration new impetus.

Consensus needed for innovation, requires action to implement the blueprint. Asia-Pacific region as a mechanism for the most complete, highest-level Economic Cooperation Forum, APEC Asia-Pacific based advantage, moving steadily, the unity of knowledge and the Asia-Pacific region will continue to inject new vitality into the global economy.

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