APEC Economic Committee meets to promote economic growth

Saturday, 2017-08-26 11:06:20
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The APEC Economic Committee convenes its second plenary meeting on August 25 (Photo: VNA)
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NDO/VNA – The APEC Economic Committee (EC) convened its second plenary meeting and the fifth meeting of the Friends of the Chair (FotC) on August 25, discussing the drawing up of regulations and policies in order to boost development in APEC member economies.

The events are part of the third APEC Senior Officials’ Meeting (SOM 3) and related meetings in Ho Chi Minh City.

At the second plenary meeting on August 25-26, the EC is to consider a draft report on APEC’s economic policy on human resources development and structural reform. It will mull over the outcomes of a competition assessment conducted by the Organisation for Economic Cooperation and Development (OECD) and the APEC Competition Policy and Law Group.

The committee will also look into preparations for a high-level structural reform officials’ meeting.

At the FotC’s fifth meeting, delegates exchanged views on the APEC economies’ cooperation prospects and policies on investment in economic finance within the region. They were also updated on APEC’s structure and cooperation in online dispute settlements.

They discussed issues relating to the construction of economic legal frameworks to help APEC members meet the international standards of legal frameworks. Participants also looked into the efficiency of existing economic institutions and drew lessons for APEC member economies in building economic law.