Thailand's Trade Minister Jurin Laksanavisit called for greater efforts by the economies of the Asia-Pacific Economic Cooperation Forum (APEC) to address future crises and achieve better and more inclusive economic growth in the region.
“I strongly hope that the outcome of this meeting will include a strong policy stance regarding the recovery of the regional economy after the COVID-19 pandemic, from where we must emerge stronger than ever to face future crises,” Jurin said at the APEC Meeting of Ministers Responsible for Trade held on Saturday and Sunday (May 21-22, 2022)
Thailand is hosting APEC 2022, under the theme “Open. Connect. Balance.”
The Thai official urged member economies to advance the work of the forum to deepen economic integration and consolidate the progress of the Free Trade Area of the Asia-Pacific (FTAAP).
He also reiterated the importance of resuming safe and convenient cross-border travel and promoting digital and supply chain connectivity, taking into account environmental protection and strengthening food and agricultural security to ensure the well-being of the region's population.
The meeting brought together in-person and online participants from the economies that make up APEC, who detailed their perspectives on the future of trade policy, especially to revive and strengthen regional economic integration and support the multilateral trading system.
Participants also discussed other issues such as slowing growth, supply chain disruptions and rising fuel and food prices, and efforts to advance APEC's new vision, Putrajaya Vision 2040 and the Aotearoa Action Plan.
«We need to further boost digital and e-commerce, for example, to encourage economic recovery and strengthen connectivity in all dimensions, between people, goods and services."Jurin said.
The Thai deputy prime minister also said he would like to urge all member economies to take the meeting “as an opportunity to bring the work of APEC to tangible results.”
Founded in 1989, APEC is made up of 21 economies including Australia, Brunei, Canada, China, Chile, South Korea, United States, Philippines, Hong Kong, Indonesia, Japan, Malaysia, Mexico, New Zealand, Papua New Guinea, Peru, Russia, Singapore, Taiwan, Thailand and Vietnam. (APEC Press Release)
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