Thursday, May 1, 2014

China pushes for rival trans-Pacific trade deal

By Agence France-Presse
Beijing (AFP) Wednesday, April 30, 2014 2:29:59 PM
Containers wait to be transported in Lianyungang, east China's Jiangsu province on April 10, 2014
/AFP/File
Containers wait to be transported in Lianyungang, east China's Jiangsu province on April 10, 2014
China is pressing for a vast Asia-Pacific free trade agreement, a senior official said Wednesday, as a rival US-led deal that excludes the Asian giant has yet to reach agreement.
Wang Shouwen, an assistant commerce minister, told reporters at a briefing that China has proposed setting up a working group to study the feasibility of an Asia-Pacific Free Trade Agreement (FTAAP).
The proposal comes ahead of a meeting in May of trade ministers from the Asia Pacific Economic Cooperation (APEC) forum, which China will host.

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