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.


© Scoop Media

Business Headlines | Sci-Tech Headlines


DIY: Kiwi Ingenuity And Masking Tape Saves Chick

Kiwi ingenuity and masking tape has saved a Kiwi chick after its egg was badly damaged endangering the chick's life. The egg was delivered to Kiwi Encounter at Rainbow Springs in Rotorua 14 days ago by a DOC worker with a large hole in its shell and against all odds has just successfully hatched. More>>


Trade: Key To Lead Mission To India; ASEAN FTA Review Announced

Prime Minister John Key will lead a trade delegation to India next week, saying the pursuit of a free trade agreement with the protectionist giant is "the primary reason we're going" but playing down the likelihood of early progress. More>>



MYOB: Digital Signatures Go Live

From today, Inland Revenue will begin accepting “digital signatures”, saving businesses and their accountants a huge amount of administration time and further reducing the need for pen and paper in the workplace. More>>

Oil Searches: Norway's Statoil Quits Reinga Basin

Statoil, the Norwegian state-owned oil company, has given up oil and gas exploration in Northland's Reinga Basin, saying the probably of a find was 'too low'. More>>


Modern Living: Auckland Development Blowouts Reminiscent Of Run Up To GFC

The collapse of property developments in Auckland is "almost groundhog day" to the run-up of the global financial crisis in 2007/2008 as banks refuse to fund projects due to blowouts in construction and labour costs, says John Kensington, the author of KPMG's Financial Institutions Performance Survey. More>>


Health: New Zealand's First ‘No Sugary Drinks’ Logo Unveiled

New Zealand’s first “no sugary drinks logo” has been unveiled at an event in Wellington... It will empower communities around New Zealand to lift their health and wellbeing and send a clear message about the damage caused by too much sugar in our diets. More>>


Get More From Scoop

Search Scoop  
Powered by Vodafone
NZ independent news