Stephen Jacobi, NZIBF Executive Director, speaks to the Confederation of Indian Industry Partnership Summit in New Delhi about The Future of Multilateralism.
Shared problems need shared solutions – starting now, say Asia-Pacific business leaders
Working together – as APEC Economic Leaders demonstrated recently – to find coherent, timely
solutions to complex global challenges are the only way the region will continue to thrive, the APEC
Business Advisory Council (ABAC) declared today during their third virtual meeting for the year.
Rachel Taulelei, Chair of ABAC for 2021, said that the Council had finalized its annual Letter and Report
to APEC Economic Leaders at the meeting.
“Our key message to Leaders is that a prosperous, peaceful, and resilient future will only be achieved
through our collective efforts. The challenges we face are profound – but they are also shared. The
pandemic is the most urgent problem, but we also need to navigate climate change, faltering economic
growth, and digital disruption. Standing alone and turning inwards is not the right strategy in a deeply
interconnected world,” said Ms. Taulelei.
The New Zealand Prime Minister, the Rt Hon Jacinda Ardern, opened the meeting. “We were honoured
to have the opportunity to share some of our thinking directly with PM Ardern and we were able to
congratulate her on hosting the first-ever mid-year, Informal Meeting of APEC Leaders,” said Ms. Taulelei.
“It is clear that there is considerable common ground with ABAC. We look forward to our annual
Dialogue with APEC Leaders in November.”
Rachel Taulelei explained that ABAC had made a broad set of recommendations in its Report, reflecting
the range of complex issues facing the region.
“A collective response to the pandemic is the most critical priority. If we want to put COVID behind us,
we need faster, more equitable, and universal vaccination, complemented by freeing up trade in vaccines,
essential medical supplies, and services. Vaccination is also key to the safe and seamless reopening of
borders, when the time is right, which will, in turn, enable economic recovery. APEC should develop a
coherent regional framework for this,” she said.
Ms. Taulelei recalled that ABAC’s theme for 2021 was ‘People, Place and Prosperity’, or ‘Tāngata, Taiao me
te Taurikura’. Taking a holistic view on how those priorities could be integrated and amplified had
informed ABAC’s recommendations.
“The well-being of our people must be at the heart of all that we do – so we have recommended capacity building and structural reform to help empower small businesses, women, and Indigenous communities.
We also call for a digitally-enhanced and trade-friendly food system: ensuring people are adequately
nourished is fundamental to achieving all other objectives.
“When it comes to place, we are committed to ensuring that sustainability underpins and drives all of
APEC’s economic activity going forward. To that end, we have agreed a set of Climate Change Leadership
Principles and a framework for trade in renewable energy which we want to see adopted more broadly.
“As for prosperity, APEC can demonstrate real leadership here, as it has done so effectively in the past – by
championing a credible and relevant World Trade Organisation, putting in place some of the building
blocks towards the eventual Free Trade Area of the Asia-Pacific, and ensuring that we leverage the
potential of the digital economy through greater capacity-building, more accessible infrastructure and
making sure that digital trade can flow seamlessly across the region.
Ms. Taulelei commented that there was a need for urgency.
“The time for action is now. “History shows that a crisis often generates new creativity and new
momentum. Our key takeaway for Leaders is that we need to start seeing results in all of these areas.
“This will help us kickstart the implementation of the Putrajaya Vision 2040 that Leaders agreed last
November, which is obviously important. But even more importantly, it will enable us to look to 2022
with a greater sense of optimism about the future,” Ms. Taulelei 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.
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...