APEC business advisory council chief hopes APEC Economic Leaders' Meeting highlights multilateralism

Source: Xinhua| 2020-11-19 16:16:01|Editor: huaxia

The ongoing COVID-19 pandemic and its impact on world economy have highlighted the importance of multilateralism, Chair of APEC Business Advisory Council (ABAC) Rohana Mahmood said in Kuala Lumpur. Rohana made the remarks in an interview with Xinhua ahead of the virtual Asia-Pacific Economic Cooperation (APEC) Economic Leaders' Meeting. Rohana said no economies could face challenges alone, and the only way forward is multilateralism and international cooperation. Malaysia is to host the virtual APEC Economic Leaders' Meeting this week and the meeting is expected to launch a Post-2020 Vision to replace Bogor Goals which expires by the end of this year. In its annual report, ABAC called for the Post-2020 Vision to ensure free and open trade and investment, continue to promote sustainable and inclusive growth and move towards a Free Trade Area of the Asia-Pacific (FTAAP).