What are the key commitments in the 2022 Apec Leaders’ Declaration?

Question

Accepted Answer

Key Commitments in the 2022 Apec Leaders’ Declaration

The 2022 Apec Economic Leaders’ Declaration reaffirms the bloc's commitment to enhancing the health and well-being of Asia-Pacific populations and elevating living standards across the region. It also underscores the importance of advancing sustainability objectives in a comprehensive manner, building upon existing frameworks like the Putrajaya Vision 2040 and the Aotearoa Plan of Action.
Advancing Sustainability Objectives

Apec leaders committed to pursuing sustainability goals in a bold, responsive, and comprehensive way. This commitment is further solidified by the endorsement of the Bangkok Goals on the Bio-Circular-Green (BCG) Economy. This framework is designed to guide Apec's efforts in sustainability, with an emphasis on balanced, inclusive, and sustainable growth.
Fostering Economic Recovery and Inclusivity

The declaration highlights the role of Apec in facilitating global economic recovery, particularly through support for micro, small, and medium enterprises (MSMEs). Leaders recognized the need for Apec to act as an incubator of ideas to achieve this, complementing existing international trade efforts. Structural reform and digitalization were identified as crucial drivers for achieving inclusive economic growth and improving the livelihoods of people in the region.
Reaffirming Health and Well-being

A central theme of the declaration is the collective effort to improve the health and well-being of people within the Asia-Pacific region. This commitment aims to address post-pandemic challenges and promote a more resilient population, contributing to the overall elevation of the standard of living.
Embracing the BCG Economy Model

The 2022 Apec Economic Leaders’ Meeting specifically focused on the Bio-Circular-Green (BCG) Economy concept as an anchor for balanced, inclusive, and sustainable growth. This approach is seen as a means to integrate Environmental, Social, and Governance (ESG) elements into economic activities, thereby fostering ethical business practices and attracting sustainable investments.

Reading history

Hide →

This history is cleared when the page is closed.

What are the key commitments in the 2022 Apec Leaders’ Declaration?

Loading

Was this article helpful?

Helpful

Not helpful

Report an issue

1

0

0

Share with friends