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

 

Half Empty: Fonterra's 2017 Opening Forecast Below Expectations

Fonterra Cooperative Group raised its forecast farmgate milk payout for next season by less than expected as the world's largest dairy exporter predicts lower prices will crimp production and supply will pick up. The New Zealand dollar fell. More>>

ALSO:

Pest Control: Mouse Blitz Team Leaves For Antipodes

The Million Dollar Mouse project to rid Antipodes Island of mice is underway with the departure of a rodent eradication team to the remote nature reserve and World Heritage Area. More>>

Gongs Got: Canon Media Awards & NZ Radio Awards Happen

Radio NZ: RNZ website The Wireless, which is co-funded by NZ On Air, was named best website, while Toby Manhire and Toby Morris won the best opinion general writing section for their weekly column on rnz.co.nz and Tess McClure won the best junior feature writer section. More>>

ALSO:

Pre-Budget: Debt Focus Risks Losing Opportunity To Stoke Economy

The Treasury is likely to upgrade its forecasts for economic growth in Budget 2016 next week but Finance Minister Bill English has already signalled that more of his focus is on debt repayment than on fiscal stimulus or tax cuts... More>>

ALSO:

Fulton Hogan's Heroes: Managing Director Nick Miller Resigns

Fulton Hogan managing director Nick Miller will leave the privately owned construction company after seven years in charge. The Dunedin-based company has kicked off a search for a replacement, and Miller will stay on at the helm until March next year, or until a successor has been appointed and a transition period completed. More>>

ALSO:

Gordon Campbell: On Electricity, Executions, And Bob Dylan

The Electricity Authority has unveiled the final version of its pricing plan for electricity transmission. This will change the way transmission prices (which comprise about 10% of the average power bill) are computed, and will add hundreds of dollars a year to power bills for many ordinary consumers. More>>

ALSO:

Half Empty: Fonterra NZ, Australia Milk Collection Drops In Season

Fonterra Cooperative Group says milk collection is down in New Zealand and Australia, its two largest markets, in the first 11 months of the season during a period of weak dairy prices. More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news