Media Release - 25 June 2025 The New Zealand International Business Forum (NZIBF) is pleased to announce the appointment of Felicity Roxburgh as its...
APEC Leaders, Ministers in Lima to Confront Globalization Concerns

Issued by the APEC Secretariat
Lima, Peru, 15 November 2016 – The Leaders and Ministers of the 21 APEC members, the world’s largest regional economic group, are convening this week in Lima to re-shape globalization and trade policy as concerns over its capacity to deliver more inclusive socio-economic progress escalate in the Pacific Rim and beyond.
Tackling stagnant trade-driven growth and rising skepticism of globalization will be a core agenda focus, to culminate on Sunday with the 2016 APEC Economic Leaders’ Meeting chaired by Peru President Pedro Pablo Kuczynski. The aim is to expand economic opportunities for groups that have reaped fewer benefits from open, integrated markets in the past, improving growth and living standards for the 3 billion people of a region that accounts for half of trade and 60 per cent of GDP worldwide.
“There is a firm belief across APEC in the enduring power of globalization and trade to build prosperity in the region,” said Ambassador Luis Quesada, 2016 Chair of APEC Senior Officials, who concluded technical discussions on Tuesday. It sets the stage for Ministers to round out new measures to this end on Thursday and Friday. “The advantages of these forces must be more evenly felt to sustain public confidence in them,” Ambassador Quesada added.
Actions on the table center on advancing regional economic integration and quality growth. This includes bolstering the underpinnings of next generation trade agreements and the ultimate realization of an APEC-wide Free Trade Area of the Asia-Pacific, e-commerce and other emerging services sectors, and the cultivation of the regional food market amid increasing demand and climate change-related threats.
They also prioritize the establishment of conditions that make participation in cross-border trade and supply chains easier for small businesses, which account for more than 97 per cent of all firms and the majority of employment in the region. Support for more business-compatible, productive work forces through education reform and enhanced skills development and career training is a further emphasis.
Representatives of the APEC Business Advisory Council will present their own policy recommendations to the region’s Leaders and Ministers over the course of the week. The 2016 APEC CEO Summit on Friday and Saturday, a conference organized alongside the official APEC member economy meetings, will feature an exchange of views on the region’s policy priorities with a large number of APEC Leaders.
“The need for a new, progressive direction for globalization and trade that opens up job creation, enhances social mobility and increases wages is up against a diminishing appetite for policies that could foster this outcome,” explained Dr Alan Bollard, Executive Director of the APEC Secretariat.
“APEC’s voluntary, incentive-driven approach differentiates it from other, legally binding economic integration mechanisms that may raise red flags over sovereignty issues and incite domestic anxiety,” Dr Bollard continued. “In the current environment, the region’s soft approach to globalization and trade could be the best way forward. It offers incremental, yet significant change that is not just tolerated but actually welcomed by all corners of society,” he concluded.
REGISTER WITH TRADE WORKS
Register to stay up to date with latest news, as well as saving and discussing articles you’re interested in.
Latest News
Felicity Roxburgh Appointed Executive Director of the New Zealand International Business Forum
Media Release - 25 June 2025 The New Zealand International Business Forum (NZIBF) is pleased to announce the appointment of Felicity Roxburgh as its new Executive Director. She will officially take up the role on 7 July 2025. Felicity brings nearly two decades of...
EXECUTIVE LEADERSHIP CHANGE AT NZ INTERNATIONAL BUSINESS FORUM
Media release, 4 June 2025 Long-time trade advocate Stephen Jacobi will retire from the New Zealand International Business Forum (NZIBF) on 30 June 2025. “Stephen has made a major contribution to New Zealand’s economy and our trade interests through his articulate,...
ADDRESS TO THE 56TH ONE STOP UPDATE FOR THE ACCOUNTANT IN BUSINESS
CHRISTCHURCH AND AUCKLAND, MAY 2025 STEPHEN JACOBI, EXECUTIVE DIRECTOR GLOBAL MACRO-ECONOMIC AND TRADE UPDATE My thanks as always to Brightstar for the invitation to be with you today. As some of you will know I have been a serial attender at these events, normally...
2025 APEC Ministers Responsible for Trade Joint Statement
Jeju, Republic of Korea | 16 May 2025 Read the original post here 1.We, the Asia-Pacific Economic Cooperation (APEC) Ministers Responsible for Trade (MRT), met in Jeju, Republic of Korea, from 15-16 May 2025, under the chairmanship of H.E. Inkyo Cheong, Minister of...
REMARKS TO LOCAL GOVERNMENT NZ RURAL AND PROVINCIAL SECTOR MEETING
2 MAY 2025 STEPHEN JACOBI, EXECUTIVE DIRECTOR IMPACT OF TRADE WARS ON NZ My thanks to Local Government NZ for the invitation to be with you today. As a resident of Napier I am all the more pleased to contribute to this rural and provincial sector meeting. Whether you...
SUBMISSION TO THE MINISTRY OF FOREIGN AFFAIRS AND TRADE ON A COMPREHENSIVE FREE TRADE AGREEMENT WITH INDIA
April 2025 Introduction This submission is being made on behalf of the New Zealand International Business Forum (NZIBF), whose members are listed at Annex A[1]. NZIBF is a group of senior business leaders working together to promote New Zealand’s engagement in the...
LAMENTATION DAY
When President Trump spoke in the White House Rose Garden to launch his wrecking-ball “fair and reciprocal tariffs”, there were some in the audience wearing hard hats. While this was doubtless to show support for the move amongst hard-working Americans, maybe...
BUSINESS FORUM DEEPLY DISAPPOINTED WITH UNJUSTIFIED US TARIFFS
Media release, 4 April 2025 The New Zealand International Business Forum (NZIBF) has reacted with deep disappointment to the news that the United States will implement an additional 10 percent ad valorem tariff on New Zealand exports. “The United States is a close and...
Bull in a China Shop: Market Price Support in the Dairy Industry
Market price support policies (aka as “subsidies”) in the agriculture sector are a classic example of what is meant by 'beggar thy neighbour'. One country attempts to improve its own economic situation by intervening in the market on behalf of its producers, at the...
BUSINESS FORUM WELCOMES INDIA FTA NEGOTIATIONS
Media release, 17 March 2025 The NZ International Business Forum (NZIBF) welcomes the launch of free trade negotiations with India, announced in Delhi, and is particularly pleased that these will proceed on a comprehensive basis. “There is enormous value to be gained...
Playing the long trade game with India
Prime Minister Luxon is at last making his visit to India with a large business and community delegation. We wish them well in expanding and deepening the relationship with India. The reasons for doing so we have explained previously. Our Government’s...
SUBMISSION TO THE MINISTRY OF FOREIGN AFFAIRS AND TRADE
PROPOSED GREEN ECONOMY JOINT WORKING GROUP WITH CHILE AND SINGAPORE MARCH 2025 Introduction This submission is made on behalf of the New Zealand International Business Forum (NZIBF), whose members are listed at Annex A[1]. NZIBF is a forum of senior business leaders...
PRESENTATION TO APEC BUSINESS ADVISORY COUNCIL: ADDRESSING PROTECTIONISM AND NON TARIFF BARRIERS
BRISBANE, 24 FEBRUARY 2025 STEPHEN JACOBI, EXECUTIVE DIRECTOR, NZIBF My thanks to Anna Curzon and Stephanie Honey for giving me one last opportunity to speak to ABAC. I want to talk today about rising protectionism and proliferating non tariff barriers. It’s not a new...
Business Leaders Sound Alarm on Global Economic Uncertainty: Call for Unified APEC Action
Brisbane, Australia, 25 February 2025 - Among rising global economic tension, the APEC Business Advisory Council met in Brisbane this week to reaffirm its support for the value of trade and cooperation, and the original APEC commitment to free, fair, open and...
REMARKS TO FOREIGN AFFAIRS, DEFENCE AND TRADE COMMITTEE – 20 FEBRUARY 2025
RATIFICATION OF NEW ZEALAND-UAE COMPREHENSIVE ECONOMIC PARTNERSHIP AGREEMENT (CEPA) STEPHEN JACOBI, EXECUTIVE DIRECTOR, NZIBF Thank you Chair for the opportunity to appear before the Committee today. I do so on behalf of the members of the NZ International Business...
0 Comments