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Vietnam Today

APEC Study Centres Consortium Conference opens in Hanoi

Released at: 16:46, 12/05/2017 APEC Viet Nam 2017

APEC Study Centres Consortium Conference opens in Hanoi

Photo: APEC2017.vn

Two-day conference opens on May 12 and is part of SOM2 and related meetings.

by Long Van

Addressing the APEC Study Centres Consortium (ASCC) Conference 2017, which opened in Hanoi on May 12, Deputy Minister of Foreign Affairs Bui Thanh Son said that over the last three decades APEC has asserted itself as the leading economic mechanism in the region and the world, taking the lead in the liberalization of trade and investment as well as promoting multi-layer cooperation trends. 

The conference is part of the ongoing APEC 2017 Second Senior Officials Meetings (SOM2) and related meetings, hosted by Vietnam.

Mr. Son, who is also Vice Chairman of the National Committee for APEC 2017, was quoted by the Vietnam News Agency as further saying that in the future, APEC will play an indispensable role in the evolving regional architecture, coordinating and connecting regional linkage mechanisms.

Deputy Foreign Minister Bui Thanh Son (Photo: APEC2017.vn)

APEC represents 39 per cent of the global population, Mr. Son told those in attendance, and contributes 57 per cent of GDP and 47 per cent of trade and now plays an important role in Vietnam’s multilateral foreign policy. The country has set up strategic and comprehensive partnerships with 13 APEC member economies and also signed and joined free trade agreements with 18 members.

APEC cooperation in promoting the liberalization of trade and investment, developing quality human resources, facilitating the operations of micro, small and medium-sized enterprises (MSMEs), responding to disasters, and enhancing connectivity contribute substantially to Vietnam’s socioeconomic development, he added.

He urged participants to work to identify emerging trends in Asia-Pacific that have a major impact on APEC cooperation, promote the role of APEC in the new context, and propose measures to boost sustainable and inclusive growth, develop human resources, encourage innovation, enhance regional linkages, and increase the competitiveness of MSMEs.

In an interview with the Vietnam News Agency, Ms. Nguyen Nguyet Nga, Senior Advisor to Vietnam’s APEC 2017 National Secretariat, spoke highly of the role played by policy researchers in fostering understanding and connectivity among APEC members, especially when the region enters its fourth decade of development in 2019.

Researchers must be pioneers in creating policies, laying the basic foundations for policy makers to build subsequent programs and plans, she noted, adding that they should pay more attention to strengthening APEC collaboration in a practical manner and promoting sustainable growth and intensive regional connectivity.

During the two-day conference, delegates will discuss new trends and challenges and the outlook for the Asia-Pacific region, the relevance and dynamism of APEC in the new context, and the development of an APEC Labor Mobility Framework.

They will also focus on measures to promote resilience and sustainable and inclusive growth among APEC member economies, human resources development and technological innovation in the region, and deepen regional economic integration and enhance the capacity and competitiveness of MSMEs.

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