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Metro Manila (CNN Philippines, October 26) – Malaysia, the host country, announced Monday that it will convene the 2020 Asia Pacific Economic Cooperation (APEC) Economic Leaders Meeting on November 20 by virtual means.
This will be the first time that the annual meeting between economic leaders of the 21 APEC member economies will be held online due to the COVID-19 pandemic.
“APEC officials are hard at work, continuously engaging and collaborating digitally in eight different time zones. We look forward to the first virtual leaders meeting and the important and relevant results to be announced in November,” said the Executive Director of the APEC Secretariat. Dra. Rebecca Sta. María in a statement.
Under this year’s theme of “Optimizing Human Potential Towards a Resilient Future of Shared Prosperity: Pivot. Prioritize. Progress,” APEC economic leaders are expected to produce a statement that will guide the future work of the forum in the decades ahead. of the Bogor deadline. Goals this year.
Adopted during the 1994 APEC Economic Leaders Meeting in Indonesia, the Bogor Goals aim to achieve free and open trade and investment among industrialized economies by 2010 and among developing economies by 2020.
Malaysia successfully hosted the first series of APEC 2020 technical meetings in Putrajaya in February this year.
Before the Economic Leaders Meeting begins, the 21 APEC Foreign and Trade Ministers will meet for the annual APEC Ministerial Meeting on November 16. The APEC Business Advisory Council Meeting will take place on November 18, while the APEC CEO Dialogues will take place on November 19-20.
Malacañang has not yet issued a statement on whether President Rodrigo Duterte will attend the first virtual edition of the annual event of the 21 heads of state of APEC member economies.
The 2019 APEC Economic Leaders Meeting scheduled in Chile was canceled due to widespread protests in the country.
APEC is a regional economic forum established in 1989 to promote free trade and economic integration throughout the Asia-Pacific region. Apart from the Philippines, the other APEC member economies are Australia, Brunei Darussalam, Canada, Indonesia, Japan, South Korea, Malaysia, New Zealand, Singapore, Thailand, United States of America, Taiwan, Hong Kong, China, Mexico, Papua New Guinea, Chile, Peru, Russia and Vietnam.
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