Friday 27th of November 2020

Follow Us

Breaking News

APEC leaders call for closer cooperation for post-pandemic recovery

The leaders of the 21 Asia-Pacific Economic Cooperation (APEC) members vowed to strengthen cooperation during and after the COVID-19 pandemic, as they tele-met on Friday during the 27th APEC Economic Leaders' Meeting.

 

Under the theme of "Optimizing Human potential towards a Resilient Future of shared Prosperity. Pivot. Prioritise. Progress.," the leaders discussed collective regional actions to accelerate economic recovery, with one focus on boosting more inclusive economic growth.

 

"As a grouping whose economies constitute about 60 percent of the global economy, APEC assumes a central role in spearheading post-pandemic economic recovery," Prime Minister Muhyiddin Yassin of Malaysia, the host of this year's APEC meetings, said during his opening remarks at the virtual meeting.

 

"It goes without saying that our priority is to pool efforts in countering the coronavirus," Russian President Vladimir Putin said in his speech.

 

 

 "Russia is ready to cooperate with all the interested countries, including, of course, its APEC partners, as closely as possible," he added.

 

Chilean President Sebastian Pinera on Friday called on the APEC economies to continue to cooperate and work closely with international organizations, the private sector and civil society.

 

He highlighted the importance of jointly fighting the COVID-19 pandemic and underscored the importance of a multilateral trading system, reaffirming his country's commitment to carrying out necessary reforms of the World Trade Organization.

 

Peruvian Interim President Francisco Sagasti proposed universal, timely and balanced access to treatments and vaccines against COVID-19 at the conference.

 

He also underscored the necessity of promoting structural economic reforms to benefit all economic agents, in order to facilitate access to credit, technology and training.

 

At the end of the meeting, Muhyiddin handed over the APEC chairmanship to Jacinda Ardern, prime minister of New Zealand, which holds the next year's chairmanship.

 

In a brief address, Ardern said New Zealand as the host is committed to fostering an inclusive, sustainable and innovative future for the Asia-Pacific region.

 

In a declaration issued after the virtually-held meeting, APEC leaders announced their commitment to combatting and mitigating the impacts of COVID-19, improving the narrative of trade and investment, inclusive economic participation through the digital economy and technology, driving innovative and inclusive sustainability, and strengthening stakeholder engagement, during "one of the most challenging health and economic crises of our times."

 

The Kuala Lumpur Declaration is one of two important documents that came out of this year's APEC meeting, with the other being the "APEC Putrajaya Vision 2040," which will chart the future of the region and replace the Bogor Goals that expires this year.

 

The APEC is a regional economic forum established in 1989 to leverage the growing interdependence of the Asia-Pacific. The members aim to create greater prosperity for the people of the region by promoting balanced, inclusive, sustainable, innovative and secure growth and by accelerating regional economic integration. Enditem

Related World News

Chinese Premier Li Keqiang to attend the 19th SCO Heads of Govt meet hosted by India on 30th Nov

 NEW DELHI:China today announced that Premier Li Keqiang will attend the 19th meeting of the Council of Heads of Govt. of Shanghai Cooperation Organization (SCO) member states to be held under India's chairmanship on Nov. 30th. This is the first time after joining the SCO in 2017 that India has....

Xi stresses military training to raise capability of winning wars

 BEIJING : -- Chinese President Xi Jinping on Wednesday ordered the armed forces to strengthen training under real combat conditions and raise their capability of winning wars.   Xi, also general secretary of the Communist Party of China Central Committee and chairman of the Central Milit....

2020 Global Terrorism Index: Deaths from terrorism reach five-year low, but new risks emerge

 LONDON:Globally deaths from terrorism fell for the fifth consecutive year in 2019 to 13,826, a 15 per cent decrease from the prior year The 2020 Global Terrorism Index (GTI) has found that deaths from terrorism fell for the fifth consecutive year since peaking in 2014. The number of deaths h....

Bus,truck collide head on, killing 40 in Brazil

 PARIS: A doubledecker bus transporting textile factory workers collided head on with a truck in southeastern Brazil's Sao Paulo state on Wednesday, killing 40 people, the regional Fire Department reported.   The roadway accident, one of the year's deadliest in Brazil, occurred short....

France registers 2,170,097 COVID-19 cases,50,618 deaths

 PARIS:France on Wednesday registered 16,282 new COVID-19 cases and 381 deaths in a 24-hour span, while pressure on the country's health services continued to ease, health authorities said.   Since the start of the pandemic, 2,170,097 people have been infected with the virus, and 50,618 o....

Links
Contact
Editor :
Jagadananda Pradhan
Email :
fastmailcc@gmail.com
news@fastmail.news
Ph : (+91)6764295999
Contact Us
© 2020 Fast Mail Media Pvt Ltd. All Rights Reserved.
Developed by : FM Media Pvt Ltd.