Deputy Foreign Minister Bui Thanh Son (Photo: VNA)
Hanoi (VNA) – The APEC 2017 Second Senior OfficialsMeeting (SOM2) officially opened in Hanoi on May 17. Opening the meeting, Deputy Minister of Foreign Affairs BuiThanh Son, who is APEC 2017 SOM Chair, said the outlook for the Asia-Pacificremains the strongest in the world, with momentum picking up, as showed in thelatest IMF World Economic Outlook. However, the report also pointed out that near-term outlookis clouded with significant uncertainties and challenges, which call forindividual economy actions to be supported by multilateral cooperation, as wellas policies to support growth while boosting structural reforms, resilience andinclusiveness.
“Therefore, the cluster of SOM2 and related meetings, especiallyour meeting today and tomorrow is critical to executing the adoptedpriorities, advancing new initiatives, preparing for the Meeting of MinistersResponsible for Trade, and starting to shape the agenda and identify possibledeliverables for the Leaders’ Week,” he stressed.
During the meeting, the APEC senior officials will note theprogress of developing the APEC Framework on Cross-border E-commerceFacilitation and discuss recent developments of FTAs/RTAs in the region and theimplementation of Lima Declaration on the Free Trade Area of the Asia-Pacific(FTAAP).
They will also discuss how APEC can support the multilateral trading system(MTS) and contribute to the 11th WTO Ministerial Conference as well as othertrade and investment issues, including regulatory cooperation, supply chainconnectivity and global value chains cooperation.
The officials are scheduled to look into the progress in the development of theStrategy on Green, Sustainable and Innovative micro, small and mediumenterprises (MSMEs) and the Action Plan on Food Security, SustainableAgriculture and Food Security and Inclusive Growth through the PolicyPartnership on Food Security (PPFS).
They will also discuss efforts to enhance women’s economic empowerment as wellas the progress in the development of the proposal on “Bridging Gap in EconomicDevelopment and Integration of Remote Areas for Sustainable Growth in the APECRegion.”-VNA
The APEC 2017 Second Senior Officials Meeting (SOM 2) and related meeting continued the fourth working day on May 12 with a series of meetings and workshops hosted by APEC working groups and subcommittees.
APEC economies will establish a common framework to manage the issue of labour mobility in the region, said Tran Viet Thai, Director of the Vietnam APEC Study Centre under the Foreign Ministry.
The APEC 2017 Second Senior Officials Meeting and related meeting continued the fifth working day on May 13 with more than 10 meetings and workshops hosted by APEC working groups and subcommittees.
A workshop on developing the methodology for measuring and realising the sustainability of cities in the APEC region took place in Hanoi on May 13 as part of the APEC 2017 Second Senior Officials Meeting (SOM2) and related meetings.
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The forum featured two in-depth discussion sessions, engaging representatives from governments, think tanks, and businesses from both ASEAN and China, on how to forge closer ties for a common future.
The new FIFA Hub in Jakarta will not only support football development in Indonesia but also serve as a coordination centre for 21 football associations across Southeast and East Asia.
Minister Counselor Nguyen Hoang Nguyen reaffirmed Vietnam’s principled and consistent stance on the Palestine issue, calling for an immediate and lasting ceasefire across the entire Gaza Strip.
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The Ministry of Commerce reported that imports also rose 18% to 29.9 billion USD during the same period, resulting in a trade surplus of 1.1 billion USD. In May alone, Thailand posted a 4.6 billion USD trade surplus with the US and a 4.1 billion USD trade deficit with China.
The World Bank will provide a 2.1 billion USD financing package for Indonesia, focusing oncreating jobs, stimulating economic growth, and enhancing access to clean energy across the country.