Trade and Tribulations – APEC’s Agenda in an Uncertain World

TL;DR

APEC focuses on connecting people, building the future, and has priorities to improve the digital economy, enhance connectivity, and increase women's participation in the labor force.

Transcript

thank you good morning good morning everyone here in the audience of course and also to the viewers on our life webcast we are live from the World Economic Forum on a Saiyan in Hanoi Vietnam and this is our second press conference of the day and we have the honor to have two special guests with flown in to the region and one I believe from very far... Read More

Key Insights

• 🌏 APEC is focused on promoting trade growth, economic integration, and inclusive development in the Asia Pacific region.
• ✳️ The ongoing trade tensions between the US and China have resulted in uncertainties and potential risks for the region.
• ♿ The ratification of the CP TPP and other trade agreements can provide opportunities for economic growth and increased market access.
• 🌐 Exploring alternative partnerships and deepening bilateral ties is crucial for countries like Chile and Vietnam to navigate the uncertainties of the global trade landscape.
• 🖐️ ASEAN and APEC play vital roles in fostering regional cooperation and pursuing shared goals of improving living standards and promoting economic prosperity.
• 🤩 The digital economy, connectivity, and women's participation in the labor force are key areas of focus for APEC in 2019.
• 👯 The ultimate aim of APEC's agenda is to benefit real people and regions by promoting inclusive trade and economic growth.

Questions & Answers

Q: What are the main priorities for APEC in 2019?

APEC aims to improve the digital economy, enhance connectivity, and increase women's participation in the labor force. These priorities will support innovation, inclusive trade, and economic growth in the region.

Q: How do ongoing trade tensions between the US and China impact Vietnam and the Asia Pacific region?

The trade tensions may lead to more investment being directed towards Vietnam as an alternative to China. However, overall, the trade tensions are likely to slow down economic growth in the region and negatively impact trade integration.

Q: What is the progress of ratifying the CP TPP in Chile, and can it provide an additional economic boost?

Chile is optimistic about the ratification of the CP TPP and expects it to come into force next year. The agreement aims to reduce trade barriers and promote economic growth. Chile is also exploring other mechanisms to mitigate the impact of protectionism.

Q: How are Chile and Vietnam strengthening their bilateral economic relationship?

Chile and Vietnam have a long-standing relationship and are working to deepen their economic ties. Several agreements have been signed, and both countries are committed to supporting each other and exploring new areas of collaboration.

Summary & Key Takeaways

• The press conference at the World Economic Forum discussed the agenda for the Asia Pacific Economic Community (APEC) in 2019, with a focus on trade and economic growth in the region.

• The Minister of Foreign Affairs of Chile emphasized the importance of free trade and the challenges faced in a time of rising protectionism.

• The Director-General of APEC highlighted the need to address trade barriers and improve economic integration in the Asia Pacific region.