s， some apec members，chinaincluded， have readjusted their economic structures and achieved notable results in expanding the home market， reforming the financial system and improving the corporate governance of their enterprises. these measures have enhanced the members' ability to grow the economy at their own initiative and consolidated the foundation for economic recovery in the region. apec members should do still a better job in exchanges and communication among themselves for the purpose of drawing on the collective advantages in economic development.
greater economic development in all members requires that they continue to promote trade and investment liberalization， remove trade barriers of one kind or another and create a fair and equitable environment of competition. i would like to emphasize here that an open， rule-based multilateral trading system serves the common interests of all apec members. though thedoharound of wto talks suffered some setbacks， so long as all parties persist in consultation on an equal footing in the spirit of seeking common ground while shelving differences， it will be successful in the end. apec can play an active role to this end by keeping up its efforts towards the bogor goals. in making bilateral or intra-regional free trade arrangements， efforts should be made to ensure their consistency with the wto rules and apec principles， so that they can contribute to greater trade and investment in the region， faster economic develop
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