APEC SOM1 continues agenda with series of meetings

Delegates from 21 APEC member economies continued attending the Economic Committee (EC) Meeting, the Policy Partnership on Food Security (PPFS) Meeting, the Ocean and Fisheries Working Groups (OFWG) Meeting, the Committee on Trade and Investment (CTI) Meeting and the Budget and Management Committee (BMC) – SOM Steering Committee on ECOTECH (SCE) Joint Meeting.

Meanwhile, the Ad Hoc Steering Group on the Internet Economy (AHSGIE) Meeting and the Ocean and Fisheries Working Group (OFWG) – Policy Partnership on Food Security (PPFS) Joint Meeting began their first working day.  

Scheduled to take place from February 18 to March 3, the APEC SOM1 and related meetings comprises 56 meetings, workshops and dialogues of 38 APEC committees and working groups.

Under the theme of “Creating New Dynamism, Fostering a Shared Future,” delegates are expected to discuss and reach consensus on priorities and their contents for the 2017 APEC Year on promoting sustainable, innovative and inclusive growth, regional economic connectivity, competitiveness of small-and medium-sized enterprises and micro-enterprises in the digital era, food security, and climate change adaptation.

The APEC forum includes 21 members - 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, Chinese Taipei, Thailand, the United States and Vietnam - which account a combined 39 percent of the world’s population and make up 59 percent of the world’s gross domestic product (GDP) and 48 percent of the global trade.

The forum focuses on three cooperation pillars, namely trade and investment liberalisation, business facilitation and economic – technological cooperation.