The Asia-Pacific Economic Cooperation (APEC) Leaders’ Week, themed “Creating a Resilient and Sustainable Future for All,” culminated in an economic leaders’ meeting that concluded on Friday with the adoption of the Golden Gate Declaration.
The declaration emphasized bringing “resiliency, sustainability, interconnection, innovation and inclusion” into regional priorities and working together to respond to the most pressing economic challenges.
It covers a wide range of policy areas, extending from trade and investment facilitation, economic integration, and energy transition, to the digital economy.
Business leaders have expressed their recognition of the huge potential of the Asia-Pacific region, as well as the positive role of the APEC meeting.
The Asia-Pacific region is a powerhouse of manufacturing, trade and innovation, Kawal Preet, president of FedEx Express Asia-Pacific, Middle East and Africa, told CGTN. She said that economies in the region are on track to deliver two-thirds of the global growth in 2023.
PwC Global Assurance Leader James Chalmers considers the APEC Economic Leaders’ Meeting as a catalyst for a more expansive and collaborative global economy.
Notably, many have also voiced confidence in the growth of China as a leading economy in the region. Kevin Ali, co-chair of APEC CEO Summit, said China is emerging as a hub of innovation and a major destination for investment, in an interview with CGTN.