Business

NZ to host Apec 2021 virtually

Jacinda Ardern says country looks forward to playing host

Updated 5 years ago · Published on 21 Nov 2020 11:48AM

NZ to host Apec 2021 virtually
New Zealand Prime Minister Jacinda Ardern says the new Vision launched by Apec leaders will serve as the group's guiding mandate for the coming decades. – Facebook pic, November 21, 2020

WELLINGTON – New Zealand Prime Minister Jacinda Ardern took over the rotating chairmanship of the Asia-Pacific Economic Cooperation (Apec) forum today when she joined leaders from the 21 Apec economies virtually for the final 2020 meeting.

Receiving the mantle of Apec chairmanship from her Malaysian counterpart, Tan Sri Muhyiddin Yassin, Ardern said her country is looking forward to hosting the next virtual Apec next year, reported China’s Xinhua news agency.

Ardern said that delivering an innovative and well-run virtual Apec will demonstrate New Zealand's digital and creative capabilities, along with its commitment to continued and effective diplomacy, which is more important now than ever in a Covid-19 world.

"As chair, New Zealand will build on Malaysia's work and ensure Apec focuses on making a difference for all our people. This will include continuing Apec's critical work in leading a collaborative regional response to the economic impact of Covid-19," she said.

While Apec 2021 is not an in-person meeting, it will be one of the most important international events New Zealand hosts in decades.

"Working together, we will show the value of Apec to New Zealand and the broader region in driving economic recovery and enabling sustainable and inclusive economic growth," said Ardern.

She highlighted the new Vision launched by Apec leaders, which will serve as the group's guiding mandate for the coming decades.

The Vision aspires to "an open, dynamic, resilient and peaceful Asia-Pacific community by 2040, for the prosperity of all our people and future generations" based on three drivers of growth: Trade and Investment; Innovation and Digitalisation; and, Strong, Balanced, Secure, Sustainable and Inclusive Growth.

It succeeds Apec's 1994 Bogor Goals, which set an ambitious objective of free and open trade in the Asia-Pacific region by 2020.

"New Zealand will have the privilege of leading the development of an action agenda during our host year to achieve this new Vision. This will shape Apec’s work for decades to come," said Ardern.

The first Apec meeting hosted by New Zealand will be the Informal Senior Officials' Meeting from December 9 to 11, followed by the first formal gathering of officials next February. – Bernama, November 21, 2020

Related News

Malaysia / 3mth

Malaysian doctor couple saves passenger from allergic shock mid-flight

Malaysia / 9mth

Anwar wins hearts of G-Dragon fans, shares K-Pop superstar’s performance on social media

Malaysia / 9mth

Trump still singing praise of Anwar, Malaysia on role in Thailand Cambodia conflict at APEC platform

Malaysia / 2y

Anwar happy Malaysia making its Palestine views heard at Apec meet

Malaysia / 2y

Gaza conflict: Anwar urges US to be fair, not avoid discussions on topic

Business / 2y

Investment mission to US generated RM8.33 billion, says Tengku Zafrul

Spotlight

Malaysia

Private university CFO charged over alleged RM6.56m CBT

World

Unleashed 60kg dog in Hong Kong mauls poodle, bichon frise to death (video)

Malaysia

Three family members killed after Immigration truck runs red light

Malaysia

Woman, believed to be foreigner, allegedly causes disturbance at KLIA (video)

Opinion

Has DAP chosen the path to a slow death?

Malaysia

Three years of bullying at school puts 15-year-old at risk of hearing loss

By Alfian Z.M. Tahir

Malaysia

Police officer's wife cries, pleads for leniency after misusing disabled child's account

Malaysia

Organised cybergroups likely behind rise in racial hate on social media

You may be interested

Business

Tey Por Yee and four others ordered to pay RM103.75m in SC civil suit

Business

Independent review needed, not blind denial, to address US claims – maritime expert

Business

FMM urges input tax credits as government reviews GST features for SST

Business

Oil prices hold above US$84 as Middle East tensions persist

Business

Oil prices surge as US-Iran standoff, Ukraine strikes rattle global energy markets