APEC focused 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.
Scene at the 24th General Meeting of the Pacific Economic Cooperation Council
|
Under the theme “Vision for an Asia-Pacific Partnership for the 21st Century", the event on May 15 comprised four sessions on prospects of the Asia-Pacific’s partnership and of the region’s growth and trade connectivity, new development driving forces, and the regional agenda on digital economy.
Former director of the World Trade Organisation Pascal Lamy analysed emerging trends in the global trade which he said require governments to cooperate closer to harmonise policies, regulations and help people better understand open trade and related social security policies. Participants highlighted demand for forming more partnerships and seeking driving forces for the liberation of trade, regional connectivity, and inclusive, sustainable and innovative growth.
They valued the role of micro-, small- and medium-sized enterprises, and services and investment in the regional economy. A number of opinions focused on new trends arising from the third wave of globalization in the digital age/internet economy, where data and information are resources for and driving forces of growth.
Participants said with the principles of win-win cooperation and flexible dialogue mechanism, APEC and the PECC have built a favourable framework for regional economies to discuss new cooperation contents. They praised APEC collaboration with regional and international organisations, asking regional cooperation mechanisms to push ties toward inclusive and sustainable development and build a vision for the Asia-Pacific partnership.
The Pacific Economic Cooperation Council is consisted of an international secretariat based in Singapore and a network of 23 official member committees, mostly from APEC economies. Vietnam joined the council in September 1995.
01:01, 2025/01/28
Fireworks light up Vietnam’s sky on Lunar New Year’s Eve
People across Vietnam are excited to see fireworks on Lunar New Year’s Eve – the biggest celebration for Vietnamese.
22:28, 2025/01/24
Vietnam news in brief - January 25
Read the Hanoi Times to keep up with the latest developments in Vietnam.
20:47, 2025/01/22
Vietnam news in brief - January 22
Stay up to date with the latest news from The Hanoi Times.
20:53, 2025/01/21
Vietnam news in brief - January 21
Read The Hanoi Times for more updates about Vietnam and its capital.
08:58, 2025/01/21
Vietnamese leaders congratulate President Donald Trump on inauguration day
Vietnamese leaders expressed confidence that, under Trump's leadership, the partnership would continue to grow based on mutual respect for independence, sovereignty, and political systems.
23:10, 2025/01/20
Vietnam, Czech Republic issue Joint Statement on elevating ties to Strategic Partnership
Prime Minister Pham Minh Chinh and Prime Minister of the Czech Republic Petr Fiala have issued a Joint Statement, upgrading Vietnam-Czechia relations to a Strategic Partnership during the Vietnamese Prime Minister's official visit to the Czech Republic, from January 18 to 20.
- Vietnam news in brief - January 20
- President calls for overseas Vietnamese to join hands in nation-building efforts
- General Secretary acknowledges overseas Vietnamese’ contributions
- Vietnam news in brief - January 19
- Homeland Spring 2025: Overseas Vietnamese explore investment opportunities
- PM calls for Polish businesses to seize opportunities in Vietnam’s market