cover image: PECC STATEMENT MR EDUARDO PEDROSA, SECRETARY GENERAL, PACIFIC ECONOMIC COOPERATION COUNCI APEC MINISTERS RESPONSIBLE FOR TRADE (MRT) MEETING

PECC STATEMENT MR EDUARDO PEDROSA, SECRETARY GENERAL, PACIFIC ECONOMIC COOPERATION COUNCI APEC MINISTERS RESPONSIBLE FOR TRADE (MRT) MEETING

16 May 2024

The top five issues that they selected as priorities for APEC were: Strengthening supply chain resilience; Structural reforms, good regulatory practices, standards alignment, and anti-corruption efforts; Ameliorating geopolitical and trade conflicts in the region; Updating the region’s ambitions on climate and clean energy; and Support for the multilateral trading system and the WTO. [...] This underscores the need to make progress on the mandate given at MC13 to not only make trade-rules relevant to the modern economy but also lays the foundation for an efficient system to request consultation among WTO members on the application of those rules. [...] The entry into force of agreements such as the RCEP, CPTPP and the Pacific Alliance, as well as sector-specific agreements like DEPA provide an opportunity to consider the evolving trade architecture and the role of APEC. [...] The rationale for choosing these issues is the rapid changes in our economies, the challenges that arise from them and the role of trade policy in addressing them. [...] These are the digitalization of services trade, and the role of services in, and the impact on services of, the application of artificial intelligence technologies.

Authors

Eduardo Pedrosa

Pages
3
Published in
Singapore

Table of Contents