Vietnam vows continued support for APEC to strengthen regional links

Vietnam will continue to work with APEC member economies in order to step up regional cooperation and consolidate the position of the APEC forum, Vietnam’s representative confirmed.
Vietnam will continue to work with APEC member economies in order tostep up regional cooperation and consolidate the position of the APECforum, Vietnam’s representative confirmed at the 26th APEC Foreignand Economic Ministerial Meeting which commenced in Beijing onNovember 7.

Addressing the first plenary session,Deputy Prime Minister and Foreign Minister Pham Binh Minh spoke highlyof the forum’s development process, which was actively driving globaleconomic growth and increasing the position of the Asian-Pacific region.

He called on member economies to strengthencooperation on sustainable development, narrowing development gaps andensuring social welfare, poverty eradication, gender equality, andcollective responses to global challenges.

It wasalso necessary to concentrate on economic and technical affiliation andenhance the capacity of developing economy members as well as take intoconsideration the development level of member economies in cooperation,he added.

The Deputy Prime Minister and ForeignMinister suggested member economies continue to actively support thesub-regional and regional collaboration programmes, including theestablishment of the ASEAN Community in 2015, implementing the masterplan on ASEAN connectivity, and narrowing development gaps within thebloc and the Greater Mekong Sub-Region.

Addressingthe opening ceremony, Chinese Foreign Minister Wang Yi highlighted thespecial meaning of this year’s conference, which marks the 25thfounding anniversary of APEC and the 20th anniversary of the Bogorgoals of liberalising and facilitating trade and investment.

Ministers agreed that it was important to enhance multilateralcooperation to maintain peace and stability in the region, based on thespirit of mutual trust and shared benefits.

Theyalso proposed a number of measures to increase comprehensive links,develop infrastructure, and respond to global challenges, such asnatural disasters and corruption.

APEC was foundedin 1989 and has 21 members, namely Australia, Brunei, Canada, Chile,China, Hong Kong (China), Indonesia, Japan, the Republic of Korea,Malaysia, Mexico, New Zealand, Papua New Guinea, Peru, the Philippines,Russia, Singapore, Taiwan (China), Thailand, the US and Vietnam.

Representing approximately 40 percent of the world’s population, 55percent of global economic output and 44 percent of total trade, APECaims to boost sustainable economic growth built on the three pillars oftrade and investment liberalisation, business facilitation, andeconomic-technological cooperation.

Vietnam joined APEC in 1998, and since then the country has played an active role in a number of initiatives.

Last September, the 6th APEC Ministerial Meeting on Human Resources Development was successfully held in Hanoi.

Vietnam is actively preparing for the APEC Year, which the country will host in 2017.-VNA

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