APEC business leaders say common problems require common solutions

APEC business leaders say common problems require common solutions

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Wellington, August 4 (Xinhua)-APEC Business Advisory Board says working together to find coherent and timely solutions to complex global challenges is the only way the region can continue to thrive. The Association (ABAC) declared at its third virtual conference on Tuesday night for a year.

Rachel Taureley, chair of ABAC in 2021, said the council completed the annual letter at the meeting and reported it to APEC (Asia-Pacific Economic Cooperation) Economic Leaders.

“Our important message to leaders is that a prosperous, peaceful and resilient future can only be achieved through our collective efforts. Although the challenges we face are serious. Pandemics are the most urgent issue, but we too can overcome climate change, impede economic growth and lead to digital turmoil. In a deeply interrelated world, independently within. Orientation is not the right strategy, “says Taureley.

Taulelei explained that ABAC has made a wide range of recommendations in its report, reflecting the range of complex issues facing the region.

“A collective response to a pandemic is a top priority. If you want to put off COVID, it’s faster, more equitable and universal, complemented by freeing trade in vaccines, essential medicines and services. Immunization is needed. Immunization is also important. Towards a safe and seamless border reopening in time, it will in turn enable economic recovery. APEC is a coherent area for this. A framework should be developed. “

Taulelei recalled that the theme of the 2021 ABAC was “People, Places, Prosperity” or “Tangata, Taurikura”. A holistic view of how these priorities can be integrated and amplified provided information to the ABAC recommendations.

“Our people’s well-being needs to be at the heart of everything we do, so we encouraged capacity building and structural reforms to empower small businesses, women and indigenous communities, and digitally. We are also looking for enhanced trade. Friendly food system: Ensuring that people are well-nourished is fundamental to achieving all other goals.

“When that happens, we promise to ensure that sustainability supports and promotes all future APEC economic activities. To that end, we have a set of climate change leadership principles. We have agreed on a framework for the trade of renewable energy that we want to see more widely adopted.

“In terms of prosperity, APEC seems to have done so effectively in the past by defending its credible and relevant World Trade Organization and introducing some components towards the final free trade region of Asia. In Allows you to take advantage of the possibilities of.

Taulelei commented that urgency is needed.

“Now is the time to act.” History shows that crises often create new creativity and new momentum. The important point for leaders is that they need to start seeing results in all these areas.

“This will help leaders begin implementing Putrajaya Vision 2040, which they agreed to last November. This is clearly important, but more importantly, a more optimistic view of the future in 2022. It’s about being able to look at, “concludes Taureley. ..

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