Wellington, Nov 13 : The Asia-Pacific Economic Cooperation (APEC) on Saturday launched the Aotearoa (New Zealand) Plan of Action towards achieving the Putrajaya Vision 2040 for future cooperation in the Asia-Pacific region.Wellington, Nov 13, : On Saturday, the Asia-Pacific Economic Cooperation launched the Aotearoa Plan of Action towards achieving Putrajaya Vision 2040.This plan will help to foster future cooperation in the Asia-Pacific region. Launched at the ongoing 28th APEC Economic Leaders’ Meeting, the Aotearoa Plan of Action aims for an “open, dynamic, resilient and peaceful Asia-Pacific community by 2040, for the prosperity of all our people and future generations”, reports Xinhua news agency.
The Aotearoa Plan of Action was launched at the 28th APEC Economic Leaders Meeting.It aims to create an “open, dynamic and resilient Asia-Pacific community by 2040 for the prosperity of all of our people and future generations,” reports Xinhua news agency.
It set out individual and collective actions on three economic drivers, namely trade and investment; innovation and digitalisation; as well as strong, balanced, secure, sustainable and inclusive growth.It outlined individual and collective actions to address three economic drivers: trade and investment, innovation, and digitalisation.
The APEC member economies reaffirmed support for agreed upon rules of the World Trade Organization (WTO) in delivering a well-functioning multilateral trading system and promoting the stability and predictability of international trade flows.The APEC member countries reaffirmed their support for the WTO rules in delivering a functioning multilateral trading system that promotes stability and predictability of international trade flows.
They will implement APEC’s Connectivity Blueprint, including by strengthening connectivity and resilient supply chains within APEC, according to the plan.According to the plan, they will implement APEC’s Connectivity Blueprint.
This includes strengthening connectivity and resilient supply chain within APEC.
They also vowed to promote sustainable growth across sectors and the development of cost effective low and zero emissions technologies, sustainable finance and, if appropriate, carbon pricing mechanisms, while ensuring energy security, access, reliability and resilience through energy transition.
They also pledged to promote sustainable growth across all sectors, the development of cost-effective low and zero emission technologies, sustainable finance, and, if necessary, carbon pricing mechanisms while ensuring energy access, reliability, and resilience through the energy transition.
On digitalisation, the APEC member economies will strengthen digital infrastructure, accelerate digital transformation, narrow the digital divide, as well as cooperate on facilitating the flow of data and strengthening consumer and business trust in digital transactions.
The APEC member countries will work together to facilitate the flow of data, strengthen consumer and business trust, and digitalize their economies.
In a bid to “embrace continuous improvement of APEC as an institution”, APEC also plans to explore ways to discuss the possibility of expanding APEC members and observers, according to the plan.
According to the plan, APEC plans to look into ways to talk about the possibility of expanding APEC observers and members in order to “embrace continual improvement of APEC” as an institution.
New Zealand Prime Minister Jacinda Ardern said on Saturday that the APEC members are more determined than ever to work together to defeat Covid-19, accelerate the region’s economic recovery, respond to climate change, and build growth that is inclusive of all people.
Jacinda Ardern, the Prime Minister of New Zealand, stated on Saturday that APEC members are more determined than ever before to work together to defeat Covid-19 and accelerate the region’s economic recovery.She also said that they will respond to climate change and build inclusive growth.
“APEC has united the region in a coordinated response to the biggest economic downturn in 75 years.”.”APEC has unified the region to respond to the largest economic downturn since 75 years.”
The leaders of the 21 APEC members concluded their meeting by adopting a declaration, which highlighted policy actions designed to respond to Covid-19 and laid out commitments in accelerating economic recovery and achieving sustainable and inclusive growth, including further actions in tackling climate change, empowering groups with untapped economic potential, supporting the region’s micro, small and medium enterprises and addressing the digital divide.Leaders of 21 APEC member countries adopted a declaration at the conclusion of their meeting.It highlighted policies that were taken to address Covid-19, and set out commitments to accelerate economic recovery and achieve sustainable and inclusive growth.
Noting the pandemic continues to take lives and impact livelihoods, which will create ongoing uncertainty and an uneven economic recovery across the Asia-Pacific region, the APEC members said it is a top priority in 2021 to ensure growth rebounds quickly and boost the global economic recovery.The APEC members noted that the pandemic continues and is affecting lives and livelihoods.
This will cause ongoing uncertainty and uneven economic recovery in the Asia-Pacific region.They stated that it is a priority for 2021 to ensure rapid growth and boost global economic recovery.
The APEC members vowed to continue work to support global efforts to share vaccines equitably and expand vaccine manufacture and supply, including through the voluntary transfer of vaccine production technologies on mutually agreed terms, and through voluntary reduction of the cost of COVID-19 vaccines and related essential Covid-19 medical goods.The APEC members pledged to continue their support for global efforts to share vaccines equitably, expand vaccine manufacture, and supply, through voluntary transfer of vaccine production technology on mutually acceptable terms and voluntary reduction in the cost of COVID-19 and other essential Covid-19 medical products.
They also supported deeper regional and international collaboration on Covid-19, according to the declaration.According to the declaration, they also supported greater regional and international cooperation on Covid-19.
Saying structural reform will also be a critical tool for promoting economic recovery, they welcomed the Enhanced APEC Agenda for Structural Reform, which provides for collaboration on growth-focused reforms designed to be inclusive, resilient, sustainable and innovation-friendly.They also stated that structural reform is a key tool to promote economic recovery and welcomed the Enhanced APEC agenda for structural reform, which allows for cooperation on growth-focused reforms, designed to be inclusive.
Stressing trade should be a pillar for the development and future prosperity of all their people, the APEC members said the rules-based multilateral trading system, with the WTO at its core, can play an important role in economic recovery.The APEC members stressed that trade should be a pillar of development and future prosperity for all their people.
They said that the rules-based multilateral trading system with the WTO as its core can play an important part in economic recovery.
They also promised to advance economic integration in the region and the APEC Free Trade Area of the Asia-Pacific (FTAAP) agenda, to contribute to high quality and comprehensive regional undertakings.
They also pledged to promote economic integration in the region, and the APEC Free Trade Area of the Asia-Pacific agenda (FTAAP), to help contribute to high-quality and comprehensive regional undertakings.
The APEC members also said they would continue to implement the APEC Connectivity Blueprint to further improve physical, institutional and people-to-people connectivity, and to work together to support energy resilience, access, and security in the region.
The APEC members stated that they will continue to implement the APEC Connectivity Blueprint in order to improve physical, institutional, and people-to person connectivity and to collaborate to increase energy resilience, accessibility, and security within the region.
Thailand will take over as host of APEC in 2022.
In 2022, Thailand will be the host country for APEC #APEC #unveils #AsiaPacific
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