Officials support Vietnam’s priorities for APEC 2017

Thursday, 2017-03-02 15:23:57
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The Vietnamese delegation at SOM1 in Nha Trang. (Credit: VNA)
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NDO/VNA—Senior officials from APEC member economies have evaluated highly and reaffirmed their support for the theme and priorities proposed by the host country, Vietnam, for APEC Year 2017.

At the ongoing first APEC Senior Officials Meeting (SOM1) in the south-central province of Khanh Hoa, Nha Trang, the delegates also emphasised the importance of and need to enhance interactions with APEC’s finance and business cooperation channel.

They highlighted the APEC Business Advisory Council (ABAC)’s important role in helping senior officials grasp shortcomings in the business and investment environment, as well as the APEC business community’s aspirations to promote inclusive growth, especially in dealing with practical issues like removing non-tariff barriers, creating favourable conditions for micro-, small and medium-sized enterprises (MSMEs) and fostering the economic empowerment of women.

Not only is this the need of businesses, but it also brings fair benefits to all people and prosperity to the entire society, they noted.

In the afternoon session, the delegates discussed and endorsed the reports of the Economic Committee (EC) and the Committee on Trade and Investment (CTI).

Many initiatives and specific measures were put forth and discussed by the senior officials with the aim of accelerating the implementation of the priority tasks for 2017, particularly promoting sustainable and inclusive growth, regional economic integration and MSMEs.

On March 3, the meeting will hear and discuss topics within the framework of the SOM Steering Committee on Economic and Technical Cooperation (SCE) and the Budget and Management Committee (BMC).

SOM1 will also continue discussions to concretise the proposed priorities of APEC Year 2017 and initially set out cooperation plans for the forum from now to the APEC Economic Leaders Week slated for November in central Da Nang.