The APEC ministers responsible for trade, who met in Viña del Mar, Chile on May 17 and 18, affirmed in their joint statement the importance of transparency and non-discrimination rules agreed upon in the World Trade Organisation (WTO), which can enhance market predictability, enable business confidence and allow trade to flow.

The APEC ministers responsible for trade meet in Viña del Mar, Chile on May 17 and 18.

They said that APEC members should reach consensus on measures to improve the efficiency of operation as well as promote the open and constructive engagement of business community so that the firms can continue support for the multilateral trade system.

The trade representatives also agreed priority on digital society, sustainable growth, and enhancing the participation of women to realise the inclusive growth target.

Furthermore, they committed to attaining the Bogor Goals of achieving free and open trade and investment in the Asia-Pacific through collective and individual efforts. They welcomed the progress that has been made and recognised that more work remains to be done.

APEC gathers 21 member economies that make up 40 percent of the global population, 60 percent of the global gross domestic product and 50 percent of the world’s total trade revenue.

Achievements in APEC’s three cooperation pillars

 

 

Vietnam – active member of APEC

  

 

Vietnam takes part in 2018 APEC CSOM in Papua New Guinea

A delegation of Vietnam attended the Concluding Senior Officials’ Meeting (CSOM) of the Asia-Pacific Economic Cooperation (APEC), which took place in Port Moresby, Papua New Guinea on November 12-13.

 

Vietnamese startup EzQ wins two prizes at APEC meet

A Vietnamese startup has won the top prize at a regional contest with a win-win business model for vendors and customers.

 

Chile wants to learn Vietnam’s experience in hosting APEC Year

As the host of the APEC Year 2019, Chile wants Vietnam to share its experience in organising the APEC Year after the Southeast Asian country had successfully held the similar event in 2017, said outgoing Chilean Ambassador to Vietnam Claudio Andres De Negri Quintana.

 

Source: VNA