Prime Minister Nguyen Xuan Phuc (second from right) at the meeting of APEC and Pacific Islands leaders (Source: VNA) Port Moresby (VNA) – Prime Minister Nguyen Xuan Phuc is leading a high-ranking Vietnamesedelegation to the 26th APEC Economic Leaders’ Week in Port Moresby, Papua NewGuinea at the invitation of his Papua New Guinea counterpart PeterO’Neill.
Following a welcome ceremony for APEC leadershosted by the Papua New Guinea PM, PM Phuc attended a dialogue between APECleaders and the APEC Business Advisory Council (ABAC), during which ABACmembers and corporate representatives from Asia-Pacific offered importantrecommendations on promoting regional economic connectivity, supportingmultilateral trade system, developing digital economy, facilitating theparticipation of micro, small and medium-sized enterprises in global supplychains, stepping up inclusive development and building the APEC Vision beyond2020.
APEC leaders promised to consider thesuggestions in the building of APEC cooperation orientations and developmentpolicies of economies.
After the plenary session, PM Phuc together withthe Indonesian President, the Australian PM and the head of the Taiwan (China)delegation co-chaired a dialogue with ABAC businesses.
Participants voiced their specific concern aboutopen and free trade, digital and cyber economy, sustainable and inclusivedevelopment, and the equal sharing of trade liberalization for all. Many ABACmembers congratulated Vietnam on its recent ratification of the Comprehensiveand Progressive Agreement for Trans-Pacific Partnership (CPTPP), describing it asa great opportunity for foreign enterprises to increase their presence in thecountry.
PM Phuc, for his part, said the Vietnameselegislature’s adoption of the CPTPP affirms Vietnam’s determination to continuewith comprehensive reform, active and proactive integration into the world, andsupport open and rule-based trade and investment with high standards.
He said the pact creates a driving force for thecountry to accelerate institutional reform, economic restructuring, improvementof business climate and labour output, thus offering businesses moreopportunities to join deeper into global value and production chains.
The PM noted that with the ratification of theCPTPP and the upcoming signing and ratification of the European Union – VietnamFree Trade Agreement (EVFTA), Vietnam will join a network of 16 FTAs withnearly 60 partners, which account for 61 percent of the world’s gross domesticproduct and 68 percent of the global trade volume.
About Vietnam’s preparations for digitaleconomic development, Phuc said Vietnam is actively preparing infrastructurefor the digital economy, specifically building an e-government and smartcities. The country also issued a number of important policies for the effort.
Later, the PM attended a dialogue between APECleaders and leaders from 14 Pacific island states, namely Cook Islands,Federated States of Micronesia, Kiribati, Marshall Islands, Nauru, NewCaledonia, Niue, Fiji, French Polynesia, Tonga, Tuvalu, Vanuatu, Samoa andSolomon Islands.
Themed “Partnership for Inclusive DigitalFuture”, the dialogue focused on the partnership between APEC and the islandstates to fuel regional growth and economic connectivity, cope with commonchallenges, especially climate change, towards an inclusive and sustainabledigital area.
Speaking at the event, PM called for furthercollaboration between APEC and the Pacific islands to promote sustainable,transparent and highly resilient economic connectivity.
He thanked Asia-Pacific countries, including thePacific islands, for supporting Vietnam’s bid to run for a non-permanent seatin the United Nations Security Council for the 2020-2021 tenure. He wished toreceive more of their support in the near future.-VNA
Following a welcome ceremony for APEC leadershosted by the Papua New Guinea PM, PM Phuc attended a dialogue between APECleaders and the APEC Business Advisory Council (ABAC), during which ABACmembers and corporate representatives from Asia-Pacific offered importantrecommendations on promoting regional economic connectivity, supportingmultilateral trade system, developing digital economy, facilitating theparticipation of micro, small and medium-sized enterprises in global supplychains, stepping up inclusive development and building the APEC Vision beyond2020.
APEC leaders promised to consider thesuggestions in the building of APEC cooperation orientations and developmentpolicies of economies.
After the plenary session, PM Phuc together withthe Indonesian President, the Australian PM and the head of the Taiwan (China)delegation co-chaired a dialogue with ABAC businesses.
Participants voiced their specific concern aboutopen and free trade, digital and cyber economy, sustainable and inclusivedevelopment, and the equal sharing of trade liberalization for all. Many ABACmembers congratulated Vietnam on its recent ratification of the Comprehensiveand Progressive Agreement for Trans-Pacific Partnership (CPTPP), describing it asa great opportunity for foreign enterprises to increase their presence in thecountry.
PM Phuc, for his part, said the Vietnameselegislature’s adoption of the CPTPP affirms Vietnam’s determination to continuewith comprehensive reform, active and proactive integration into the world, andsupport open and rule-based trade and investment with high standards.
He said the pact creates a driving force for thecountry to accelerate institutional reform, economic restructuring, improvementof business climate and labour output, thus offering businesses moreopportunities to join deeper into global value and production chains.
The PM noted that with the ratification of theCPTPP and the upcoming signing and ratification of the European Union – VietnamFree Trade Agreement (EVFTA), Vietnam will join a network of 16 FTAs withnearly 60 partners, which account for 61 percent of the world’s gross domesticproduct and 68 percent of the global trade volume.
About Vietnam’s preparations for digitaleconomic development, Phuc said Vietnam is actively preparing infrastructurefor the digital economy, specifically building an e-government and smartcities. The country also issued a number of important policies for the effort.
Later, the PM attended a dialogue between APECleaders and leaders from 14 Pacific island states, namely Cook Islands,Federated States of Micronesia, Kiribati, Marshall Islands, Nauru, NewCaledonia, Niue, Fiji, French Polynesia, Tonga, Tuvalu, Vanuatu, Samoa andSolomon Islands.
Themed “Partnership for Inclusive DigitalFuture”, the dialogue focused on the partnership between APEC and the islandstates to fuel regional growth and economic connectivity, cope with commonchallenges, especially climate change, towards an inclusive and sustainabledigital area.
Speaking at the event, PM called for furthercollaboration between APEC and the Pacific islands to promote sustainable,transparent and highly resilient economic connectivity.
He thanked Asia-Pacific countries, including thePacific islands, for supporting Vietnam’s bid to run for a non-permanent seatin the United Nations Security Council for the 2020-2021 tenure. He wished toreceive more of their support in the near future.-VNA
VNA
