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APEC: PECC general meeting focuses on regional growth prospects

The 24th General Meeting of the Pacific Economic Cooperation Council (PECC) has proposed ideas for the future of the Asia-Pacific partnership which will be submitted to the APEC senior officials and ministers after one day of working in Hanoi.
APEC: PECC general meeting focuses on regional growth prospects ảnh 1Scene at the 24th General Meeting of the Pacific Economic Cooperation Council (PECC) in Hanoi on May 15. (Photo: VNA)

Hanoi (VNA) – The 24thGeneral Meeting of the Pacific Economic Cooperation Council (PECC) has proposedideas for the future of the Asia-Pacific partnership which will be submitted tothe APEC senior officials and ministers after one day of working in Hanoi.

Under the theme “Visionfor an Asia-Pacific Partnership for the 21st Century", the event on May 15 comprisedfour sessions on prospects of the Asia-Pacific’s partnership and of theregion’s growth and trade connectivity, new development driving forces, and theregional agenda on digital economy.

Former director of theWorld Trade Organisation Pascal Lamy analysed emerging trends in the globaltrade which he said require governments to cooperate closer to harmonise policies,regulations and help people better understand open trade and related socialsecurity policies.

Participants highlighteddemand for forming more partnerships and seeking driving forces for the liberationof trade, regional connectivity, and inclusive, sustainable and innovative growth.

They valued the role ofmicro-, small- and medium-sized enterprises, and services and investment in theregional economy.

A number of opinionsfocused on new trends arising from the third wave of globalization in thedigital age/internet economy, where data and information are resources for anddriving forces of growth.

Participants said with theprinciples of win-win cooperation and flexible dialogue mechanism, APEC and thePECC have built a favourable framework for regional economies to discuss newcooperation contents.

They praised APEC collaborationwith regional and international organisations, asking regional cooperationmechanisms to push ties toward inclusive and sustainable development and builda vision for the Asia-Pacific partnership.

The Pacific EconomicCooperation Council is consisted of an international secretariat based inSingapore and a network of 23 official member committees, mostly from APEC economies. 

Vietnam joined the councilin September 1995.-VNA
VNA
#Pacific Economic Cooperation Council #PECC #General Meeting #Asia-Pacific partnership #growth prospects #APEC #World Trade Organisation #Pascal Lamy #open trade #liberation of trade #regional connectivity #inclusive and sustainable growth Ha Noi
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