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Recalling that APEC leaders made a historic step in 2014 in Beijing by launching FTAAP process, he called for concerted efforts to boost the openness of the Asia-Pacific economy and safeguard multilateral trade systems.

For his part, Sharif termed the friendship with China as a cornerstone of Pakistan's foreign policy. He thanked China's huge support to Pakistan in areas of infrastructure, energy development and building-up of national defence.

Meanwhile, Park believed that Japan, China and South Korea are now avoiding "decisive confrontation" and are gradually preparing a functional cooperation mechanism.

Over the past three decades some 700 million rural residents across China shook off poverty. China was the first developing country to meet the Millennium Development Goals target of reducing the population living in poverty by half ahead of the 2015 deadline.

On maritime cooperation, he urged the two sides to properly deal with and control their differences, gradually accumulate consensus and expand common interests through bilateral negotiations, and strive to achieve the common goal of joint exploitation.