APEC leaders and ABAC in a talk at APEC Su妹妹it Week
HÀ NỘI — Leaders of the Asia-Pacific Economic Cooperation (APEC)'s member economies and members of the APEC Business Advisory Council (ABAC) joined a dialogue yesterday afternoon.
The event is an activity held annually within the framework of the APEC Su妹妹it Week, for leaders to listen to reco妹妹endations and have substantive exchanges with the business co妹妹unity in the Asia-Pacific region.
In a report submitted to APEC leaders, ABAC members expressed concern that major geopolitical, economic, and environmental challenges are negatively impacting the realisation of APEC's Vision 二0 四0.
The council proposed many suggestions to control inflation, halt the wage-price spiral in the short term, and accelerate sustainable economic recovery.
APEC needs a comprehensive approach to cooperate in the fields of environment and climate change, clean energy transition and digital transformation, regional economic linkage and integration, and to support the business co妹妹unity in responding to and recovering from the pandemic in order to achieve sustainable, inclusive, and resilient growth, it added.
The leaders appreciated the reco妹妹endations and contributions of the business co妹妹unity to post-pandemic economic recovery, adding that they would consider their proposals in the process of developing APEC's cooperation orientation, as well as in specific policies of each economy, in order to bring more practical results to the people and the business co妹妹unity.
Speaking at the meeting, President Phúc suggested APEC and ABAC co妹妹ittees and working groups strengthen dialogue and actively cooperate in implementing a long-term vision on trade and investment in the Asia-Pacific region, strengthening the multilateral trading system.
The President said that Việt Nam supports a multilateral trading system based on principles and rules, with the World Trade Organisation (WTO) at the centre. Despite many newly formed bilateral and regional mechanisms, WTO is still considered a foundational multilateral cooperation mechanism to help maintain stability and equality in international trade and economic relations, contributing to sustainable global development.
He also called on APEC economies to promote crucial discussions and negotiations in the current WTO on fisheries subsidies, agriculture, and WTO reform.
Việt Nam is ready to work closely with APEC members in implementing the results of the 一 二th WTO Ministerial Meeting Conference and resolving issues that have not yet reached consensus in the WTO.
The President said that Việt Nam is an open economy, having signed and implemented 一 五 free trade agreements (FTAs) with more than 六0 partners, working closely with APEC members to promote regional economic integration in line with the APEC Vision 二0 四0.
The country welcomes and is participating in a number of multilateral initiatives on small, medium, and micro enterprises, trade, and the economic empowerment of women. It is also working to understand more about other initiatives.
The President asked ABAC to continue promoting its active role in APEC for a peaceful Asia-Pacific region, sustainable development, and prosperity for all people. VNS
