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At the sidelines of the first China International Import Expo (CIIE) in Shanghai, China's Vice Commerce Minister Fu Ziying and Singapore's Minister for Trade and Industry Chan Chun Sing jointly announced the conclusion of negotiations on the upgraded China-Singapore Free Trade Agreement (CSFTA).

APEC is a pioneer in building an open global economy. As the Bogor Goals are set for 2020, we should set our sights on post-2020 cooperation and endeavor to build a free trade area of the Asia-Pacific (FTAAP). We should say no to protectionism and unilateralism, uphold the WTO-centered multilateral trading system, make economic globalization more open, inclusive, balanced and beneficial to all, and expand converging interests and share opportunities through opening-up and cooperation.

From services to manufacturing and telecommunications, more sectors will become open to foreign businesses and the investment environment will become better, Tang said, adding that the revision of two guidance catalogues for foreign investment will also be finished by the end of March.

He visited the urban management center of Pudong New Area on Tuesday afternoon and expressed hopes for Shanghai to continue exploring a new path of mega-city management with Chinese characteristics.

The meeting called on Party branches in poor villages to take the lead and mobilize the public in winning the battle against poverty.