The Asia-Pacific Economic Cooperation (APEC) Senior Officials Meeting discussed this Wednesday (27.05.2020/XNUMX/XNUMX) about How to formulate a possible coordinated approach to collecting and sharing information on policies and measures related to Covid-19 and its economic effects.
In his welcoming remarks, the chairman of the senior officials' meeting, Hairil Yahri Yaacob, said that there was five proposals, including the establishment of a platform for information exchange, the implementation of the Ministers Responsible for Trade (MRT) declaration to facilitate the flow of essential goods, and a checklist of instructions for APEC committees and sub-forums.
"Despite the difficult times we are currently facing, Work in APEC must continue, through virtual meetings like this one, or through other mechanisms between sessions.
APEC's broader work in other areas, such as trade and investment, business mobility, tourism, food security, sustainable development, customs procedures, standard setting and intellectual property rights, will play a crucial role in the recovery of our regionn"he said today during the first ever Virtual Extraordinary SOM on Covid-19.
The virtual meeting was attended by all APEC economies, the APEC Business Advisory Council (ABAC), as well as selected observers from international and regional organizations.
He said the pandemic had affected nearly five million people and resulted in hundreds of thousands of human losses necessitating lockdown and social distancing to contain the spread of the virus.
However, The resulting economic slowdown has the potential to cause long-term damage to lives. and the livelihoods of millions more.
He noted that earlier this month, APEC MRT issued a joint statement on the Covid-19 pandemic, which acknowledged that while stopping the spread of the virus remained the top priority of each economy,, Remedying economic challenges must also receive a specific focus.
"Our ministers have reaffirmed the great importance of collaboration at all levels and keeping markets openThey have committed to ensuring that the flow of essential goods and services throughout the region remains uninterrupted.
"If the region continues to strengthen the spirit of cooperation among its economies, APEC will emerge from this crisis better and more resilient.""He added.
APEC is a regional economic forum established in 1989 to take advantage of the growing interdependence of Asia-Pacific, with 21 members.
Which countries are part of APEC?
In total, there are 21 nations: Chile, Peru, Russia, United States, China, Hong Kong, Australia, Brunei Darussalam, Canada, Indonesia, Japan, South Korea, Malaysia, Mexico, New Zealand, Papua New Guinea, Philippines, Singapore, Chinese Taipei, Thailand and Vietnam.
Watch the opening remarks of the APEC 2020 Senior Officials' Chair, Hairil Yahri Yaacob, at the Virtual Extraordinary Senior Officials' Meeting on COVID-19. #MyAPEC2020 pic.twitter.com/ER4Ca6Yf5k
— APEC Secretariat (@APEC) May 27, 2020
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