Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 


Ensure Economic Progress Is Equitable And Inclusive


Ensure Economic Progress Is Equitable And Inclusive: Stakeholders
Issued By The APEC Secretariat

Singapore, 25 Feb 2013 - APEC is intent on ensuring that its capacity building efforts better enable member economies to realize free trade and investment while promoting inclusive growth that benefits the small businesses and people of the region.

Stakeholders worked to identify avenues for this during a two-day dialogue on laying pathways for resilient and inclusive growth organized by the Pacific Economic Cooperation Council, an official observer of APEC.

In remarks to delegates via teleconference, Indonesia’s Tourism and Creative Economy Minister Mari Pangestu described the trends that are guiding the region’s ability to liberalize trade and address facilitation.

“The way we do trade has changed tremendously with the fragmenting of production and the global value chain which elevates the need to address supply constraints and improve goods and services access,” said Pangestu.

“This is encouraging us to expand our work to reduce tariffs and impediments at-the-border to include more focus on behind-the-border measures, and explore how we can make capacity building more integrated and effective.”

Since 1994, APEC Leaders have embraced capacity building and continue to guide the region’s officials in implementing an economic and technical cooperation regime to meet the needs of the global economy. This has shaped the way trade agreements seek to incorporate capacity building components, noted Pangestu.

In total, APEC has administered more than 2,000 projects valued at US$140 million. With the goal to promote sustainable growth with equity, APEC aims to help the people of the region reach their full potential.

“More attention is being paid to fostering the development of our small and medium enterprises and promoting growth that ensures that gains are equitable and inclusive,” said Luky Eko Wuryanto, Indonesia’s Deputy Minister for Infrastructure and Regional Development. This includes focus on financial inclusion and women’s role in the economy; boosting food security; identifying a sustainable healthcare system model; and improving environmental sustainability.

“APEC’s capacity building work around the region is helping member economies practically address technical barriers and institutional and regional issues,” said Dr Alan Bollard, APEC Secretariat Executive Director. “This is happening at the working group level up and prompting us to more closely evaluate the role of projects.”

Particular emphasis is on ensuring that a return is being delivered on the resources going into these projects which currently number about 100, on par with last year’s total.

“As we shape our capacity building mechanisms, we have to engage the interests of the entire region to bring us closer to achieving our goals,” Dr Bollard concluded.

ENDS

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

SOE Results: TVNZ Lifts Annual Profit 25% On Flat Ad Revenue, Quits Igloo

Television New Zealand, the state-owned broadcaster, lifted annual profit 25 percent, ahead of forecast and despite a dip in advertising revenue, while quitting its stake in the pay-TV Igloo joint venture with Sky Network Television. More>>

ALSO:

Insurers Up For More Payouts: Chch Property Investor Wins Policy Appeal In Supreme Court

Ridgecrest NZ, a property investor, has won an appeal in the Supreme Court over insurance cover provided by IAG New Zealand for a Christchurch building damaged in four successive earthquakes. More>>

ALSO:

Other Cases:

Royal Society: Review Finds Community Water Fluoridation Safe And Effective

A review of the scientific evidence for and against the efficacy and safety of fluoridation of public water supplies has found that the levels of fluoridation used in New Zealand create no health risks and provide protection against tooth decay. More>>

ALSO:

Scoop Business: Croxley Calls Time On NZ Production In Face Of Cheap Imports

Croxley Stationery, whose stationery brands include Olympic, Warwick and Collins, plans to cease manufacturing in New Zealand because it has struggled to compete with lower-cost imports in a market where the printed word is giving way to electronic communications. More>>

ALSO:

Prefu Roundup: Forecasts Revised, Surplus Intact

The National government heads into the election with its Budget surplus target broadly intact, delivering a set of economic and fiscal forecasts marginally revised from May to reflect weaker commodity prices and a lower tax take. More>>

ALSO:

Convention Centre: Major New SkyCity Hotel And Laneway For Auckland

Today SKYCITY Entertainment Group Limited revealed plans to build a new hotel and pedestrian laneway of bars, restaurants and boutique shopping on land it owns in the Nelson and Hobson Streets block, expanding the SKYCITY Entertainment Precinct. More>>

ALSO:

Get More From Scoop

 
 
Computer Power Plus

Standards New Zealand

Standards New Zealand
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news