Stephen Jacobi, NZIBF Executive Director, speaks to the Confederation of Indian Industry Partnership Summit in New Delhi about The Future of Multilateralism.
Ministers Responsible for Trade Virtual Meeting Joint Statement 2020
Kuala Lumpur, Malaysia 25 July 2020
We, the Asia-Pacific Economic Cooperation (APEC) Ministers Responsible for Trade (MRT) recall the APEC MRT Statement on COVID-19 issued on 5 May 2020, and reaffirm our commitment to effectively mitigate the economic impact of the COVID-19 pandemic, and promptly navigate the region towards a path of resilient, sustainable, inclusive and expedited economic recovery. We recognise the efforts being undertaken across the region for the wellbeing of our people and to optimise human potential towards a resilient future of economic prosperity.
We acknowledge the importance of a free, open, fair, non-discriminatory, transparent and predictable trade and investment environment to drive economic recovery at such a challenging time. We also note key APEC work programmes and initiatives that support the WTO’s work. We affirm the importance of transparent and non-discriminatory, agreed upon rules in the WTO, which enhance market predictability and enable business confidence, as well as allowing trade to flow. Recognising the WTO’s role in this regard, we agree that action is necessary to improve its functioning, and support the necessary reform of the WTO. We are committed to ensure that emergency measures designed to tackle COVID-19 are targeted, proportionate, transparent, temporary, do not create unnecessary barriers to trade or disruption to global supply chains, and are consistent with WTO rules.
We are pleased with the Declaration on Facilitating the Movement of Essential Goods which is a clear indication of the region’s continued support for WTO work. While we acknowledge that Economies may need to implement emergency measures designed to address COVID-19 challenges, we reiterate our commitment to work to facilitate the flow of essential goods and services, enhance connectivity by strengthening supply chains resilience, and minimise disruptions to trade in medical goods, food and agriculture products, in order to fight the pandemic. We also recognise the need for discussions to reduce non-tariff barriers which restrict trade in essential goods. We reaffirm our commitment to share and explore ways to facilitate essential movement of people across borders, without undermining the efforts to prevent the spread of the virus. To this end, we are encouraged by the Proposal to Review Measures Facilitating Essential Movement of People across Borders.
We welcome the work being undertaken by all Economies to pivot APEC efforts towards operationalising the APEC MRT Statement on COVID-19, while maintaining the momentum on core work. We commend the ongoing efforts to establish a coordinated approach to collect and share best practises and information on policies and measures undertaken by APEC Economies in response to the COVID-19 pandemic. We urge Senior Officials to prioritise the work in this area with a view to establish a digital platform for information exchange and we look forward to an early realisation of this platform.
We reiterate our concern about the impact of COVID-19 on vulnerable developing economies. We also recognise the critical need of those most impacted by the COVID-19 pandemic and to empower all sectors of the community, including MSMEs, to participate in economic recovery. We welcome the varied and continued efforts as well as the contribution of additional resources across APEC to combat the pandemic and support workers and sectors through the economic recovery process.
We note the recommendations in the APEC Business Advisory Council (ABAC) report on COVID-19on how to mitigate the immediate impact of the pandemic, accelerate economic recovery and build resilience in the longer-term, including by pursuing an open market for goods, services and investment, supporting MSMEs, and leveraging on digital connectivity. We recognise ABAC’s call for APEC to continue supporting the multilateral trading system. We encourage continued constructive engagement on WTO issues, including in the lead-up to the 12th WTO Ministerial Conference.
We encourage Economies to collaborate and adopt digital solutions that will strengthen supply chain resilience as well as enable seamless cross-border business, including through e-commerce. In harnessing the opportunities of digital economy, we acknowledge the importance of cooperation on facilitating the flow of data and strengthening consumer and business trust in digital transactions.
We direct our Senior Officials to accelerate work towards delivering a concise, relevant, meaningful and achievable, Post-2020 Vision. We look forward to the launch of the Post-2020 Vision by the Leaders at the end of the year.
Annex A: Declaration on Facilitating the Movement of Essential Goods by the APEC Ministers Responsible for Trade (MRT)
For further details, please contact:
Masyitha Baziad +65 9751 2146 at email@example.com
Michael Chapnick +65 9647 4847 at firstname.lastname@example.org
More information on APEC meetings, events, projects and publications can be found on www.apec.org. You can also follow APEC on Twitter and join us on Facebook, LinkedIn and Instagram. You can also visit https://www.myapec2020.my
This news release can also be viewed on the APEC website: https://www.apec.org/Press/News-Releases/2020/0725_VMRT
Read the original post on the APEC website here.
REGISTER WITH TRADE WORKS
Register to stay up to date with latest news, as well as saving and discussing articles you’re interested in.
Remarks to Confederation of Indian Industry Partnership Summit, New Delhi, 15 March 2023
"The Future of Multilateralism" by Stephen Jacobi, NZIBF Executive Director Namaskar Tēnā koutou katoa – greetings to you all in the language of the Māori people of Aotearoa New Zealand. It is an honour for me to speak to such a distinguished gathering today....
AMIDST THE STORM: ABAC MEETS IN AUCKLAND
Perhaps a cyclone was after all a fitting backdrop for the meeting of the APEC Business Advisory Council (ABAC) which was held in Auckland on 12-14 February – the global environment against which the meeting took place is decidedly stormy. In the event the wind...
Asia-Pacific business leaders call for action on climate and economic inclusion
APEC NEWS RELEASE Issued by The APEC Business Advisory Council (ABAC) Auckland, 14 February 2023 - Members of the APEC Business Advisory Council (ABAC) met in Auckland, New Zealand this week to develop a work plan that calls on policymakers to leverage trade and...
ASIA-PACIFIC BUSINESS LEADERS GATHERING IN AUCKLAND, 12-14 FEBRUARY 2023
Media Release - 8 February 2023 Equity, sustainability and opportunity are key themes of one of the largest gatherings of senior Asia-Pacific business leaders held in New Zealand for some time. The APEC Business Advisory Council (ABAC) is due to meet in Tāmaki...
A YEAR FOR RECONNECTING
As I write this end of year dispatch, NZIBF is preparing to host the first meeting for 2023 of the APEC Business Advisory Council (ABAC). We are looking forward to welcoming the 200 or so business leaders and senior officials from APEC member economies across the...
MAJOR GATHERING OF ASIA-PACIFIC BUSINESS LEADERS TO BE HELD IN AUCKLAND, 12-14 FEBRUARY 2023
Media Release - 14 December 2022 Sustainability, digitalisation and resilient, inclusive trade will be key themes of a major gathering of senior Asia-Pacific business leaders to be held in Auckland early next year – the first such event to be held in New Zealand...
NZ Herald: Time to lift our game in India
Following his recent visit to India our Executive Director Stephen Jacobi penned this article advocating a more strategic approach to the further development of the relationship. The article was published by the NZ Herald on 9 December.
APEC Rolls out Priorities for 2023
Issued by the Informal Senior Officials’ Meeting - Honolulu, The United States, 13 December 2022 Aiming to provide tailwinds for member economies to strengthen recovery and resilience, as well as advance broad-based economic growth, the United States rolled out its...
NZIBF 2022 Chair Report
ANNUAL GENERAL MEETING 2022 CHAIR’S REPORT I am pleased to present my second report on the activities and achievements of the NZ International Business Forum (NZIBF) for 2022-23, our fifteenth year of operations. At the outset I would like to thank Members for...
APEC Leaders Issue 2022 Declaration and the Bangkok Goals on the Bio-Circular-Green Economy
Issued by the APEC Economic Leaders' Meeting Bangkok, Thailand, 19 November 2022 The Leaders of the 21 APEC member economies issued the 2022 Leaders’ Declaration following the 29th APEC Economic Leaders’ Meeting chaired by the Prime Minister of Thailand,...
NZ BUSINESS LEADERS AT APEC 2022
New Zealand business will be represented at the APEC Leaders’ Week in Bangkok, commencing 13 November, by members of the APEC Business Advisory Council (ABAC). New Zealand’s three members – Rachel Taulelei, Malcolm Johns and Anna Curzon – supported by Stephen Jacobi...
Submission to the Ministry of Foreign Affairs and Trade: Re-Development of the Framework for Integrating Labour Standards and Trade Agreements
Submission by NZIBF – October 2022 This submission is made on behalf of the NZ International Business Forum (NZIBF), whose members are listed at Annex A. NZIBF is a forum of senior business leaders working together to promote New Zealand’s engagement in the global...
Address to the 51st One Stop Update for The Accountant In Business, 25 October 2022
ADDRESS TO THE 51st ONE STOP UPDATE FOR THE ACCOUNTANT IN BUSINESS AUCKLAND, 25 OCTOBER 2022 STEPHEN JACOBI EXECUTIVE DIRECTOR NZ INTERNATIONAL BUSINESS FORUM GLOBAL ECONOMIC UPDATE Thanks to Brightstar for inviting me back to address this conference once again. When...
Submission to MPI on Modernising Our Export Assurances Systems: Legislative Options
Submission by Export NZ and NZIBF - 29 September 2022 1.0 INTRODUCTION 1.1 Export New Zealand (ExportNZ) and the New Zealand International Business Forum (NZIBF) welcome the opportunity to comment on the Ministry for Primary Industries’ (MPI) Modernising Our Export...
Submission to MFAT for CPTPP Review
30 September 2022 Phil Mellor Economic Division, Ministry of Foreign Affairs and Trade, Wellington (By email) Dear Phil, Thank you for your email of 1 September, seeking our comments on the three year review of the Comprehensive and Progressive Agreement for Trans...