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APEC leaders confirm adherence to free trade, investments

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13th-Nov-2017       
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TASS, Da Nang :
Leaders of the APEC economies adhere to development of free trade and investments in the Asia-Pacific Region, the meeting's joint declaration reads.
"We determined to take bolder and sustained collective actions to inject new dynamism into APEC cooperation to promote sustainable, innovative and inclusive growth, deepen regional economic integration, realize the full potential of the business sector, particularly micro, small and medium-sized enterprises (MSMEs), and enhance food security and sustainable agriculture," the document, published on Saturday, reads. "We emphasize the importance of innovation, science and technology as key drivers for economic growth and international trade and investment in the APEC region."
"We are committed to strengthening human resources development, including through education and life-long learning, technical and vocational education and training (TVET), and up-and re-skilling to increase workers' employability, mobility and preparedness for the digital age; and ensure that active labor market policies can better match the needs of the labor market with various aspects of skills training and development," the APEC leaders said. "We are committed to carrying out further actions to promote an enabling and conducive environment for investment in the Asia-Pacific region."
"We are committed to further actions to increase APEC's competitiveness in the services sector by 2025 and intensifying our efforts to address barriers that inhibit our businesses from competing or trading in services markets," the Declaration reads. "We note the importance of bilateral, regional and plurilateral agreements, and commit to working to ensure they complement the multilateral trade agreements."
"We reaffirm our commitment to build a seamless and comprehensively connected and integrated Asia-Pacific by 2025. In this regard, we welcome economies' efforts in promoting cooperation to advance policy collaboration, trade facilitation, connectivity, financing, and people-to-people exchanges.

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