国内英语资讯:Spotlight: Xi wraps up LatAm tour as Chinas regional, global role growing bigger_时事

国内英语资讯:Spotlight: Xi wraps up LatAm tour as Chinas regional, global role growing bigger

Once established, the FTAAP, the largest free trade area in the world,can unleash much greater economic vigor than other regional trade arrangements and add an estimated 2.4 trillion U.S. dollars of output to the global economy.

"We have an obligation to continue the core agenda. Perhaps the first issue is the adoption of the collective strategic study, which was required by the Beijing Roadmap," Raul Salazar, APEC affairs director at the Peruvian Foreign Ministry, told Xinhua in Lima.

Economic globalization, open economy, regional inter-connectivity, and reform and innovation were key words of Xi's speech, which was encouraging under the current international situation.

As protectionism and isolationism are on the rise in Europe and North America, China's leadership grows stronger, providing commercial openness, cooperation and multilateralism, the leading Chilean newspaper El Mercurio said in its editorial release on Tuesday.

With the future of the U.S.-backed Trans-Pacific Partnership (TPP) dims under U.S. President-elect Donald Trump, the alternative Regional Comprehensive Economic Partnership (RCEP) occupied the center stage at the APEC meeting in Peru.

The 16-member RCEP, composed of the 10 member of the Association of Southeast Asian Nations plus China, Japan, South Korea, Australia, New Zealand and India, missed its negotiation deadline last year, but with the uncertainty of TPP, RCEP has regained attention at the APEC Economic Leaders' Meeting.