Whither APEC post-2020?
Centre stage for New Zealand
Keywords:value proposition, pandemic, economic recovery, regional integration, inclusion, sustainability, digital economy
As APEC marks its third decade, a priority for the 21 member economies is to agree upon where the agency’s purpose and work programmes should focus over the next 20 years. APEC is the undisputed leading institution promoting Asia-Pacific economic growth. It is not a negotiating body but draws strength from its ‘value proposition’ built on members’ support for consultation, consensus and collaboration. The review of APEC’s future is occurring in the context of a global pandemic that has disrupted regional commerce, travel and community well-being. The preoccupation of APEC members is with economic recovery and renewed growth. The challenge for New Zealand as APEC chair in 2021 will be to gather collective commitment to further measures of regional economic integration, inclusivity and sustainability designed to stimulate recovery, and identify how a digitally enabled regional economy could contribute to that goal.
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