Full coverage: Xi Visits Ecuador, Peru and Chile, Attends APEC Summit

President Xi is calling for a concerted effort to establish the Free Trade Area of the Asia-Pacific. He describes this pact as a strategic choice for the region's long-term prosperity.

"The establishment of the FTAAP is a strategic initiative critical for the long-term prosperity of the Asia-Pacific region, and it's regarded by the business community as the APEC Dream," he said.

"We should firmly pursue the FTAAP and provide an institutional mechanism for ensuring an open economy in the Asia-Pacific. We must energize trade and investment to drive growth. We must make free trade arrangements more open and inclusive, and safeguard the multilateral trading system."