APEC Advances Sustainability, Innovation and Inclusion

Jakarta (ANTARA) – The APEC 2021 Ministerial Meeting, in its second day, aims to address the challenges of collective investment in inclusion, sustainability, innovation and digitization.

APEC ministers are considering ways to support the economic contributions of women, indigenous peoples, vulnerable communities and youth as one of the main drivers of economic recovery in Asia-Pacific, according to a written statement released by the APEC Secretariat and received here. Wednesday.

The APEC 2021 Ministerial Meeting is co-chaired by New Zealand Foreign Minister Nanaia Mahuta and Minister of Trade and Export Growth Damien O’Connor.

The decisions of the trade and foreign ministers will be known at the APEC economic leaders’ meeting on Friday.

“Our discussions continue as we move forward on our agenda to ensure a secure and prosperous trade platform that will support our people and our environment for future generations,” Minister Nanaia Mahuta said as she opened the meeting on Tuesday (November 9th).

“While we had an in-depth discussion on how APEC can use trade as a tool to accelerate our economic recovery, today we will turn our attention to economic and technical cooperation and how we can harness opportunities in this space to accelerate our recovery, ”she said. added.

Recognizing the role APEC must play in tackling climate change, ministers will hear from the Executive Secretary of the United Nations Framework Convention on Climate Change, Patricia Espinosa, on the real-time challenges of decarbonization within a few days of COP26.

Related news: APEC ministers strive to accelerate recovery through trade policy

While APEC accounts for 60 percent of global gross domestic product (GDP), the same percentage is also true for emissions, according to APEC’s latest regional trends analysis.

Over the past 30 years, emissions per capita in APEC have trended upward, although the rest of the world has remained stable on this measure.

Ministers will also discuss measures to pursue green growth and sustainable development, as well as improving access to goods and services that support low-emission and climate-resilient economies.

These measures include reducing tariffs on a wider range of environmentally friendly goods and services that will help the environment and lower barriers to trade.

“I want to recognize the spirit of collaboration and focus that APEC ministers bring to the virtual table. I am happy to see that we are united in our approach to address some of the greatest challenges of our generation, ”said Minister Mahuta.

“We have worked together, learned from each other and strengthened our ties to ensure that the Asia-Pacific region is going through the pandemic stronger than it was before,” she concluded.

Related News: Jacinda Ardern to Chair 2021 APEC Economic Leaders Virtual Meeting

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