Vietnam suggests APEC promote leading role in free trade

The Asia-Pacific Economic Cooperation (APEC) should carry forward its leading role in promoting free trade, said Minister of Foreign Affairs Bui Thanh Son at the 32nd APEC Ministerial Meeting held in the form of teleconference on November 8-9.
Vietnam suggests APEC promote leading role in free trade ảnh 1The 32nd APEC Ministerial Meeting held in the form of teleconference on November 8-9. (Photo: VNA)
Hanoi (VNA) – The Asia-Pacific EconomicCooperation (APEC) should carry forward its leading role in promoting free trade,said Minister of Foreign Affairs Bui Thanh Son at the 32nd APEC MinisterialMeeting held in the form of teleconference on November 8-9.

He suggested the APEC reduce measures that wouldhinder trade and cause discrimination, especially those on essential goods,expand the network of free trade agreement (FTAs), and boost an open, inclusiveand multilateral trade system that is based on rules and WTO reform.

The minister said the APEC Putrajaya Vision 2040demonstrates the resolve and commitments of APEC members to overcome difficultiesand regain sustainable and strong economic growth, for prosperity of people andfuture generations.

Vietnamese Minister of Industry and Trade Nguyen HongDien also joined Minister Son at the 32nd APEC Ministerial Meetingthat saw the attendance of representatives from 21 member economies and guestsfrom the ASEAN Business Advisory Council (ABAC), the Association of SoutheastAsian Nations (ASEAN) and the WTO.

The event was co-chaired by New Zealand ForeignMinister Nanaia Mahuta and Trade and Export Growth Minister Damien O'Connor.

The participants on November 9 compared notes onmeasures to foster cooperation towards a self-resilient and prosperous Asia-Pacific region, and stressed the need to step up measures to cope with the COVID-19pandemic, thus ensuring equal access to vaccines and treatment.

They also discussed cooperation in vaccine research,production expansion and supply, as well as investment in health care.
Vietnam suggests APEC promote leading role in free trade ảnh 2The 32nd APEC Ministerial Meeting held in the form of teleconference on November 8-9. (Photo: VNA)
The ministers said economic, trade and socialpolicies should bring about equal opportunities and jobs for all people, promotepotential of vulnerable groups, forge collaboration in climate change response and sustainable management of natural resources, and ensure food and waterresources security.

At another working session on November 8, theministers shared experience in economic recovery and exchanged views on cooperationefforts in trade and investment for regional recovery, and the APEC’scontributions to the WTO's 12th Ministerial Conference (MC12).

At the end of the event, the foreign and economicministers adopted a joint statement and two appendices on mid-term assessmentof the service competition roadmap in APEC and the APEC environmentalservices reference list./.
VNA

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