APEC supports CSR programmes to maintain investment

Asia-Pacific Economic Cooperation (APEC) is supporting corporate social responsibility (CSR) programmes conducted by private parties in its efforts to sustain investment in the region.
The Asia-Pacific Economic Cooperation (APEC) is supporting corporatesocial responsibility (CSR) programmes conducted by private parties inits efforts to sustain investment in the region.

"CSR is no longer considered as a charity event. It can be productivefor the company and help improve the investment climate,” Antara newsagency quoted Rizar Indomo Nazaroedindi, Director for RegionalCooperation from Indonesia`s Investment Coordinating Board (BKPM), assaying.

CSR can help manage the supply chain for the company andencourage it to continue operating in a country for a long time, headded.

APEC economies should focus not only onderegulation and efforts to reduce investment barriers in the region,but also on how to sustain their current investments, he told reportersafter attending the recent Senior Official Meeting of APEC in Jakarta.

"Maintaining investment in the region is becomingincreasingly important today as the global economic slowdown continues,"he noted.

Indonesia is hosting the APECmeeting for the second time since the inception of the organisation. In1994, Indonesia hosted the APEC Summit in Bogor, West Java, whereAPEC leaders adopted the Bogor goals. The goals involved free andopen trade and investment in the Asia-Pacific region by 2010 forindustrialised economies, and by 2020 for developing economies.

In order to achieve the Bogor goals, APEC focused on three areas:trade and investment liberalisation, business facilitation, and economicand technical cooperation.

In 2013, the APEC meeting will focus on the expansion of trade and investment, as well as on structural reforms.

Established in 1989, APEC consists of 21 Pacific rim economies.-VNA

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