s for countries， the developing countries in particular， in their development and hampers global economic recovery and growth. given such a situation， apec members should renew their commitment to the bogor goals， and at the same time， work together to reject trade protectionism， remove trade barriers and resolve whatever trade disputes they have through dialogues and consultations. a fair and open multilateral trading system serves steady growth of trade at both regional and international levels， contributes to sound economic expansion around the world and conforms with the interests of all parties the 5thwto ministerial conference last month failed to achieve the anticipated progress. the main reason was that the negotiations were not balanced enough to reflect the interests of all parties， particularly the concerns of the developing countries. i hope all parties will demonstrate their political will， take a flexible and pragmatic approach and move ahead the new round of talks to an early fruition. this， in my view， serves the common interests of all.
as the region's important forum for economic cooperation， apec has done much work and achieved much success in promoting common development. the annual meetings of economic leaders have provided an important venue for leaders to meet regularly and hold in-depth discussions on important issues bearing on regional and global development. chinahas all along committed itself to asia-pacific economic cooperation and activ
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