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APEC symposium to focus on reigniting growth and planning for recovery

8 December

This week, New Zealand, incoming host of the Asia-Pacific Economic Cooperation (APEC) forum, will focus member economies on a collaborative approach to reigniting growth and setting a plan for recovery from the economic impacts of COVID-19.

New Zealand’s APEC host year begins on Wednesday, 9 December, with representatives of the 21 member economies attending a symposium and the APEC Informal Senior Officials’ Meeting hosted virtually from Wellington.

“Bringing APEC officials together provides an important opportunity to set expectations and prioritize the work that will take place throughout the following APEC year,” said Dr Rebecca Sta Maria, Executive Director of the APEC Secretariat.

“New Zealand will host APEC in the wake of the unprecedented health and economic crisis caused by COVID-19,” she added. “This means that much of the focus for the upcoming meeting will be on COVID-19 and supporting the region’s economic response and recovery.”

APEC’s Economic Leaders agreed to the 2020 Kuala Lumpur Declaration last month and stand united in their determination to enable the Asia-Pacific region to successfully recover from the COVID-19 pandemic and its economic impacts. APEC Leaders also agreed to the APEC Putrajaya Vision 2040, a shared vision of the forum for the next 20 years.

“In the year ahead, APEC will not only be charting the course through the current economic crisis, but will also be agreeing a detailed plan of action to implement the new vision,” Dr Sta Maria explained. “This will also be an important task for the year and a core focus for New Zealand as host.”