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Ambassador Wu Xi attends the Summit of Tripartite Economic Alliance and delivers a speech
2019/05/20

On May 20th, Ambassador Wu Xi attended the 2019 Guangzhou-Auckland-Los Angeles Tripartite Economic Alliance Summit held in Auckland and delivered a speech. Guangzhou Party Secretary Zhang Shuofu, Auckland Mayor Phil Goff, and Los Angeles Deputy Mayor Jeff Gorell attended the summit with economic and trade delegations from three cities.

In her speech, Ambassador Wu noted that connectivity is the foundation for cooperation that works for everyone. This is also well aligned with the spirit and idea of the Belt and Road Initiative. Guangzhou has promoted the development of the Pearl River Delta by boosting connectivity with surrounding areas. By joining the Tripartite Economic Alliance, Guangzhou has sought to extend this connectivity from Asia to Oceania and North America to generate prosperity, boost development, and raise the quality of life for millions of people.

Ambassador Wu pointed out that over the last 40 years, China has joined the world community, embracing free trade and multilateral cooperation. History has amply proved that globalization and multilateralism are in line with the trend of the times, and cooperation is the only correct way to address challenges. However, today, with protectionism and unilateralism on the rise, the environment for free trade is becoming less certain, and less stable. Recent moves by the United States to raise barriers to trade undermine China's interests, contradict the rules and spirit of free trade, and generate risks to the global economy. Ultimately, they will undermine the interests of the United States, too.

Ambassador Wu stressed that China remains committed to peaceful development, and working towards new forms of international relations grounded in mutual respect, mutual benefits, justice and fairness. China will also continue to deepen reform and further open up. A more open and prosperous China means greater opportunities for all the countries in the world, including New Zealand and the United States.

Ambassador Wu noted that the Pacific Ocean is a bridge connecting the pacific rim countries. She hopes that all the delegates could join hands and reap the benefits of cooperation by building greater connectivity across the Pacific - in trade, policy, infrastructure, finance, and people-to-people exchange.

Guangzhou, Auckland and Los Angeles are sister cities to each other, and the three cities established the Tripartite Economic Alliance in 2014 to boost and extend economic, trade and investment cooperation. Tripartite Economic Summits are held on a rotational basis between the three cities to discuss and push forward concrete projects.

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