Members to promote free trade at APEC forum

  • We must carry on Karpal’s struggle, says Kit Siang
    We must carry on Karpal’s struggle, says Kit Siang

    A light may have gone out in the country with the sudden death of Karpal Singh but his party comrade Lim Kit Siang said the best way to honour his memory is to continue with his fight for “justice, rule of law and democracy”. The DAP adviser said Malaysians, including those who had never met Karpal, have taken his death as a personal loss,... …

  • Penang to give Karpal official send-off

    The Penang government will provide veteran lawmaker Karpal Singh an official send off.   According to Chief Minister Lim Guan Eng, the Penang flag would be used to cover Karpal's cortege.   All state agencies will fly the Penang flags at half-mast for three days until the funeral on Sunday, said Lim.   He added that a public ceremony at the Dewan Sri Pinang will be held on Sunday from 9am to 11am for the public to pay their respects.    Lim said that the state exco had decided on this during an …

  • Sarawak leaders hail Karpal’s tenacity to fight until the end
    Sarawak leaders hail Karpal’s tenacity to fight until the end

    If there is one thing that politicians on both sides of the divide in Sarawak agree on about Karpal Singh, it is his dogged tenacity “to fight until the end” to uphold his beliefs. “We may not be on the same side of the divide but I admire his unwavering stand on certain political issues which he believed in,” Sarawak Land Development Minister... …

  • Kelantan should rethink hudud plan, says Dr Mahathir – Bernama
    Kelantan should rethink hudud plan, says Dr Mahathir – Bernama

    The Kelantan government should rethink its plan to implement hudud in the state, as the basic principle that must be emphasised is justice, said former prime minister Tun Dr Mahathir Mohamad (pic). He said this was because the Kelantan government was seen as stressing more on the forms of punishment in its attempt to implement the Islamic... …

  • New phase, not abandonment of MH370 search, says Hishammuddin
    New phase, not abandonment of MH370 search, says Hishammuddin

    KUALA LUMPUR, April 17 — Searchers may be forced to adjust their hunt for Flight MH370 after fruitless forays underwater, Datuk Seri Hishammuddin Hussein said today while renewing vows to keep... …

  • Selangor MB: No need to say if consulted state economic adviser
    Selangor MB: No need to say if consulted state economic adviser

    SHAH ALAM, April 17 — Selangor Mentri Besar Tan Sri Khalid Ibrahim today said he was not obliged to declare if he consults state economic adviser Datuk Seri Anwar Ibrahim on key decisions. While... …

Beijing (China Daily/ANN) - Chinese President Hu Jintao arrived in Russia's Far Eastern city of Vladivostok yesterday for the annual economic leaders' meeting of the 21-member Asia-Pacific Economic Cooperation (APEC) slated for Saturday and Sunday.

At the meeting, Hu and other leaders of APEC members will discuss trade and investment liberalisation, regional economic integration, food security and establishment of reliable supply chains, as well as cooperation in fostering innovative growth.

Hu is scheduled to deliver a key-note speech at the APEC CEO summit.

In his speech, the president is expected to talk about China's current economic situation and economic policies, and make proposals on developing infrastructure for sustainable growth in the region.

"APEC members have made great progress in establishing free trade agreements within the region and they are boosting efforts to deepen trade and investment liberalisation, promoting the recovery of the global economy," said Wang Yusheng, a former APEC senior official.

"The focus of APEC economies should lie on their free trade goal fulfilment instead of the establishment of a tentative framework that goes beyond WTO principles, such as the Trans-Pacific Partnership, for which the negotiations include APEC members, such as Australia, New Zealand," Wang added.

"It's not right that the United States, which didn't fulfil its commitment to trade liberalisation with APEC members, has been focusing on the TPP, which is still tentative due to concerns about its feasibility," Wang said.

The 14th round of negotiations on the TPP were expected to begin yesterday in Leesburg, Virginia. The TPP is an expanded version of the Trans-Pacific Strategic Economic Partnership Agreement.

Once finalised, the TPP will be the largest trade bloc agreement in the Asia-Pacific region, and could become even larger once Canada and Mexico join the talks. Japan and the Republic of Korea could follow suit.

The nine countries that will negotiate the TPP are: Australia, Brunei, Chile, Malaysia, New Zealand, Peru, Singapore, Vietnam and the US.

The US is relying on its dominance in the TPP to pin down other large economies within the Asia-Pacific region, giving it a significant foothold in the region, Wang said.

Feng Yujun, an expert on Russian studies with the China Institute of Contemporary International Relations, said the TPP may damage the free trade mechanism that APEC has established and that the achievement of trade and investment liberalisation may be hampered.

During this year's APEC forum, Russia is attaching great importance to developing trade and investment with Asian countries, as its previous main exporting destinations - the European Union and the US - are experiencing sluggish markets, Feng said.

China and Russia plan to increase their trade value to US$100 billion by 2015, with bilateral trade expected to enter a fast-growth period.

The Pacific Economic Cooperation Council said in its latest survey released in Vladivostok that growth in the Asia-Pacific region this year is expected to increase slightly to 3.7 per cent from last year's 3.5 per cent.

China is considered the best place for growth in the Asia-Pacific region, according to the Pacific Economic Cooperation Council, an APEC observer.

China has signed 10 FTAs including those with the Association of Southeast Asian Nations, Pakistan and Peru.

Yi Xiaozhun, China's vice-minister of commerce, said earlier that China will actively advance the FTA strategy to promote the integration of Asia-Pacific economies.

Xinhua contributed to this story.

Follow @YahooMalaysia on LINE for daily news updates.

Comments on Yahoo pages are subject to our link to Comments Guidelines. You are responsible for any content that you post. Yahoo is not responsible or liable in any way for comments posted by its users. Yahoo does not in any way endorse or support comments made by its users.

  • ‘Huge’ Hindu, Buddhist statues against Islam, ex-judge says The Malay Mail Online
    ‘Huge’ Hindu, Buddhist statues against Islam, ex-judge says

    KUALA LUMPUR, April 16 — The “huge” statues at a Hindu temple in Batu Caves and Buddhist temple in Penang are an affront to Islam as the religion forbids idolatry, a retired Court of Appeals judge... …

  • My dad was in KL to see me, says Gobind The Malaysian Insider
    My dad was in KL to see me, says Gobind

    Bukit Gelugor MP Karpal Singh, who died in an accident early this morning, was in Kuala Lumpur to visit his son Gobind Singh Deo who was ill. A distraught Gobind said he was informed of the accident at 2.15am today, and he and his wife rushed to the scene where he saw his father's mangled car and his father's body. "My brother Ramkarpal was... …

  • Langkawi BN MP pokes fun at Karpal Singh’s remains The Malaysian Insider
    Langkawi BN MP pokes fun at Karpal Singh’s remains

    As the nation mourns the passing of a great politician, BN MP Datuk Nawawi Ahmad insulted the late Karpal Singh by posting a picture of the veteran politician's blood-smeared face as he lay in his Toyota Alphard following a tragic accident this morning. Along with the Facebook picture was a newspaper cutting on Karpal being opposed to the... …