World Video | Defence | Foreign Affairs | Natural Events | Trade | NZ in World News | NZ National News Video | NZ Regional News | Search

 


APEC China 2014 commences in Ningbo

Ningbo, China, 22 Feb 2014 - The curtain has risen on APEC China 2014 in the eastern port city of Ningbo where member economies are gathered to strengthen regional integration and trade flows needed to capture greater consumption-based growth.

Building support for comprehensive, high quality trade agreements, and the next steps towards realizing APEC economies’ goal of a Free Trade Area of the Asia-Pacific, or FTAAP, are among the issues that Senior Officials and technical specialists will seek to take forward here through the coming week.

This is in line with the framework and priorities of cooperation within APEC during China’s year as host economy. They include “Advancing Regional Economic Integration,” “Promoting Innovative Development, Economic Reform and Growth” and “Strengthening Comprehensive Connectivity and Infrastructure Development.”

“Experience over the last 25 years has shown to the world the progress APEC economies can achieve when we bring our markets closer together,” said Li Baodong, Vice Foreign Minister of China and Chair of APEC Senior Officials in 2014. “It’s essential that we break new ground to keep growth headed in the right direction and jointly tackle the economic and social challenges of development.”

“Part of the equation is building our capacity to ensure the kind of access businesses need to better trade and invest in each other’s markets,” Vice Minister Li explained. “It’s also figuring out how advancements in the regional architecture, which cooperation within APEC has been instrumental in delivering, can position us to achieve our long-term objectives like an FTAAP.”

APEC Senior Officials will meet on 27-28 February, after a cluster of APEC working group meetings now underway in Ningbo to address the technical aspects of trade development and greater economic integration. This weekend, Trans Pacific Partnership negotiations in Singapore conclude as well.

“The future of growth rests, to a large extent, on freer markets and lower barriers at and behind-the-border as demand for goods and services in the Asia-Pacific rises,” said Dr Alan Bollard, the APEC Secretariat’s Executive Director. “APEC economies are leading efforts to address “next generation” trade issues that a future FTAAP could contain and which are starting to catch hold within the WTO as we saw with the Bali Package and its parallel focus on customs simplification.”

“The collaboration taking place in Ningbo is critical to ensuring that APEC economies successfully implement their commitments to reduce tariffs on a list of environmental goods, build the reliability of supply chains and improve the ease of doing business in the region by next year,” Dr Bollard added. “Following through will provide an additional boost to the global trading system and support our pursuit of more ambitious measures to achieve higher quality growth.”

APEC economies are furthermore moving ahead with the formulation of a blueprint for enhancing seamless connectivity in the region and implementation of a complementary multi-year plan on infrastructure development and investment that was endorsed by APEC Leaders in Bali. Work to establish a new Public-Private Partnership Center, to be based in Indonesia, is a component of this initiative and will help to strengthen the infrastructure financing landscape.

APEC Finance Deputies explored the issue of sustainable financial resources for connectivity and infrastructure development recently in Bo’ao, China and laid the foundation for action.

Other points of emphasis include improving mobility in the region through the expansion and improvement of the APEC Business Travel Card program by immigration, customs and security authorities. Education officials are also positioning member economies to raise the number of intra-APEC university level students per year to one million by 2020, a target that was introduced last year and would represent an estimated 25 percent jump.

ENDS

© Scoop Media

 
 
 
 
 
World Headlines

 

As Health Needs Rise In Somalia, Funding Hits New Low

As health needs rise in Somalia, funding hits new low, cutting off 1.5 million from care – UN More>>

Need To End Violence Against Children In Conflict

‘We should be outraged’ more not being done to end violence against children in conflict – UNICEF chief More>>

On Mandela Day, UN Joins Call To Promote Community Service

Nelson Mandela, then Deputy President of the African National Congress of South Africa, raises his fist in the air while addressing the Special Committee Against Apartheid in the General Assembly Hall. UN Photo/P. Sudhakaran More>>

Some $3.2 Billion Needed For Ebola Recovery Efforts

Some $3.2 billion needed for Ebola recovery efforts in Guinea, Liberia and Sierra Leone – UN More>>

World Day: UN Spotlights Plight Of Vulnerable Populalations

Syrian refugees fleeing the fighting near the Syrian city of Kobani wait in a holding area before boarding buses in Turkey (September 2014). Photo: UNHCR /I. Prickett More>>

Afghanisatan: Direct Talks Between Government And Taliban

The United Nations Security Council has welcomed the recently held direct talks between Afghan Government and Taliban representatives as a step towards “peace and reconciliation” in the region. More>>

Eradicating World Hunger By 2030

Agriculture workers collect carrots on a farm in Chimaltenango, Guatemala. Photo: World Bank/Maria Fleischmann More>>

Bangladesh: Flood Leads To UN Agency Providing Food Relief

Anwar Hossain unloads cartons of High Energy Biscuits from a pickup truck and transfers them to a distribution center in Kawar Khop union, Ramu upazila, Cox’s Bazar, Bangladesh. Photo: WFP/Kamrul Mithon More>>

Ban Says World Must Act Now To Curb Climate Change

Alarmed by melting glacier in Norway, Ban says world must 'act now' to curb climate change More>>

UN Spotlights Data And Technology As Key To Sustainability

The importance of quality data and cutting edge information communication technologies (ICTs) is increasingly critical to the shaping of the future sustainable development agenda, the head of the United Nations Development Programme ( UNDP ) confirmed today. More>>

Get More From Scoop

 
 
 
 
 
World
Search Scoop  
 
 
Powered by Vodafone
NZ independent news