1st LD: APEC launches Post-2020 Vision for future cooperation in Asia-Pacific

Source: Xinhua| 2020-11-21 00:07:51|Editor: huaxia

KUALA LUMPUR, Nov. 20 (Xinhua) -- The Asia-Pacific Economic Cooperation (APEC) on Friday launched a Post-2020 Vision, the bloc's new long-term blueprint for future cooperation following a virtual APEC leaders' meeting hosted by Malaysia.

The "APEC Putrajaya Vision 2040", named after Malaysia's administration center of Putrajaya, envisions "an open, dynamic, resilient and peaceful Asia-Pacific community by 2040, for the prosperity of all our people and future generations."

In the new vision document to replace the 1994 Bogor Goals, APEC economies are committed to achieving the vision by three economic drivers, namely Trade and Investment, Innovation and Digitalization, as well as Strong, Balanced, Secure, Sustainable and Inclusive Growth.

Among the pledges in the new vision, APEC members are committed to continuing the work to deliver a free, open, fair, non-discriminatory, transparent and predictable trade and investment environment. They also pledge to promote economic policies, cooperation and growth which support global efforts to comprehensively address all environmental challenges, including climate change, extreme weather and natural disasters, for a sustainable planet. Enditem