At the closing ceremony after three working days, President of Vietnam Chamber of Commerce and Industry (VCCI) and Chair of the APEC CEO Summit 2017 Vu Tien Loc touched upon the issues agreed by delegates at this meeting.
“We all agree that globalisation, integration and free trade are the most important means for sustainable and inclusive economic development and poverty reduction. We have to do our best to achieve these goals,” he said.
According to him, globalisation and free trade should be considered carefully to help APEC economies attain economic inclusion, with the most important being the development of micro-, small- and medium-sized enterprises and high-quality human resources.
President Donald Trump delivers a speech at the APEC CEO Summit in 2017. |
Mr. Vu Tien Loc officially handed over the chairmanship of APEC CEO Summit 2018 to Papua New Guinea.
Minister Responsible for APEC Justin Tkatchenko congratulated Vietnam on successfully organizing the APEC CEO Summit 2017 and said his nation welcomes delegates to Papua New Guinea in 2018.
Papua New Guinea is set to host the APEC CEO Summit 2018 and the APEC Economic Leaders’ Week next year, he said, while expecting CEOs to come to his nation to witness and experience the unique culture and traditions and natural wonders.
The APEC CEO Summit from November 8-10 focused on new trends of globalization, technological revolution, business linkage, dialogues on business and government roles in ensuring healthy and well-trained labors, promoting the dynamism and creativity of the business community to seize new opportunities in the region, boosting economic cooperation and realizing the potential of trade and investment presented by APEC.
Chinese President Xi Jinping speaks at CEO Summit 2017. |
Delegates said technology is a factor that will continue to be mentioned in the region's overall economic picture for many years to come as it affects employment as well as the size of each economy and regional trade connectivity.
In addition, top business leaders shared the perception towards green growth, in other words, promoting economic growth without harming the environment.
The APEC Economic Leaders’ Week from November 6-11 is seeing the participation of around 10,000 delegates from the 21 APEC member economies.
Established in 1989, APEC comprises Australia, Brunei, Canada, Chile, China, Hong Kong (China), Indonesia, Japan, the Republic of Korea, Malaysia, Mexico, New Zealand, Papua New Guinea, Peru, the Philippines, Russia, Singapore, Chinese Taipei, Thailand, the US, and Vietnam.It represents 39% of the world population, 57% of the world GDP and 47 % of the total trade.