Full text: Statement on the 25th anniversary of APEC (3)

8. We are pleased to note that the overall development of the Asia-Pacific region has been sound and steady. With multiple efforts to reform and promote innovative development, the Asia-Pacific region is consolidating its leading role as an engine of global economic growth. We are full of confidence in the bright future of the Asia-Pacific region.

9. At the same time, we are facing grave challenges in various aspects. We also realize that in a world of burgeoning global and regional economic cooperation institutions, APEC must constantly pursue new and innovative ways to achieve its objectives and continue to keep up with the global economic trends to play its leading and coordinating role. APEC is expected to consolidate and advance regional economic integration, support the multilateral trading system, resist protectionism in all its forms, and guard against the risks of fragmentation.

10. It is therefore imperative for member economies to find new areas and driving forces for growth in the post-crisis era. To this end, APEC economies are committed to redoubling efforts to achieve breakthroughs on bottlenecks and work to ensure that enhanced connectivity and infrastructure development will meet the growing needs of the member economies.

Shaping the Future through Asia-Pacific Partnership

11. Today, we gather to celebrate our successes and also look ahead, envisioning the future prospect and direction of the long-term development of the Asia-Pacific. We are fully committed to maintaining APEC's profile as the premier forum for supporting sustainable economic growth and prosperity and advancing free and open trade and investment in the Asia-Pacific.

12. We commit ourselves to building upon APEC's historical achievements, carrying forward the spirit of cooperation, and shaping the future through an Asia-Pacific partnership that is built on mutual respect and trust, inclusiveness, and win-win cooperation.

13. We are committed to jointly building an open economy in the Asia-Pacific that is based on innovative development, interconnected growth, and shared interests.

14. Building on its proud tradition of leadership in advancing WTO process, we shall continue to work together to safeguard and strengthen the strong and vibrant multilateral trading system, so as to enhance the leading role of WTO in the global economic governance.