During the APEC Economic Leaders’ Meeting, members of the forum outlined the strategy to realise regional connectivity by 2025. At a press conference Chinese President Xi Jinping asserted there was unanimity in investing at full scale to enhance physical, institutional and people-to-people connectivity. Particular focus will initially be given to raise more funds to build a reliable infrastructure in all his aspects including: energy, transportation, logistic and access to ICT. In addition to this there is the idea to cure the financial bottleneck by encouraging partnerships between public and private sector. To strengthen cooperation, the community will launch new initiatives so to foster cross-border business travels, tourism and educational exchanges. Countries’ economies in this area will benefit of an APEC Multi-Year Project with the purpose of doing business in a cheaper, faster and easier way. The implementation of the blueprint will be actively monitored by APEC economies’ ministers and officials that have scheduled yearly and mid-term reviews. APEC meeting was also the occasion for President Xi Jinping to publicly announce 40 billion US dollars contribution to set up a Silk Road Fund and kick off financial assistance to China’s neighbours countries. gLAWcal Team LIBEAC project Monday, 17 November 2014 (Source: Global Times)

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