Analysts believe that the RCEP will become the main path toward the final realization of a free trade area of the Asia-Pacific.

"We must energize trade and investment to drive growth, make free trade arrangements more open and inclusive and uphold the multilateral trading regime," said the Chinese president.

Xi's proposal was echoed by other APEC leaders, as they reaffirmed their commitment that the FTAAP should be built upon ongoing regional undertakings, and through possible pathways including the Trans-Pacific Partnership and the Regional Comprehensive Economic Partnership.

"We reiterate our commitment to the eventual realization of the Free Trade Area of the Asia-Pacific as a major instrument to further deepen APEC's regional economic integration agenda," reads the declaration after the Economic Leaders' Meeting.

"That China's push for FTAAP has won positive response from APEC members shows China's special role in the region, which will also help increase the region's part in global recovery," said Wu, the Chinese scholar.

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