Asia-Pacific Economic Cooperation (APEC) Business Advisory Council SME and entrepreneurial spirit of the Working Group Chairman, 2011APEC Chairman Yang Yunsong SME Summit held recently in Beijing "2011A PEC SME Summit press conference," said the Asia-Pacific free trade area involving the economic body complex of interests, put forward at this stage is still in the preliminary stage.

FTA complexity of interests involved in the economy

APEC is the Asia-Pacific region the highest level of inter-governmental economic cooperation mechanism. The financial crisis, the Asia-Pacific economic integration is more frequently put on the agenda of the APEC summit after sessions of the A PEC informal leadership summit, Chinese President Hu Jintao were that "speed up the Asia-Pacific economic integration" process.

Yangyun Song said, as the A PEC Economic Cooperation forum in recent years become an increasing emphasis on China and the U.S. and other major countries, the business community and hope that through channels such as the Business Advisory Council to pass the business community's voice to the leaders of the economies of some countries are A PEC promote the world's largest free trade zone, is now the Trans-Pacific Partnership (TPP) as preparatory work for the organization, but he also said, free trade involves the complex interests of the economies, free trade zone at this stage in the proposed initial stage, is still far from real progress.

Focus on financing SME Summit

According to A PEC SME Service Alliance at the press conference announcement, "2011APEC SME Summit" will be held August 29 to 31 in Chengdu, the summit will focus on SME financing.

The summit will focus on "growing power" as the theme,Issues involved in "open and sharing," "innovation gene", "The consumer market", "the driving force of industrial upgrading", "mobile Internet", "Women play power", "SMEs financing", etc. According to Service Alliance Executive Secretary Chiang Lee, currently has nearly 400 different industries from more than 600 representatives have signed business summit, including from the United States, Japan, Korea, Russia and other countries or regions SME representatives. The summit will focus on SME financing issues to explore through product innovation and policy support for SMEs and financial burdens of the road.

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