5 key issues to discuss at the APEC economic leaders meeting

The five points that Abac is about to put on the agenda are: regional economic integration; digital infrastructure; sustainable practices of micro, small and medium enterprises (MSMEs); sustainability; and finance and economics.

Abac Chairman Kriengkrai Thiennukul said on Tuesday that discussion of the items will also touch on issues of inflation, food insecurity, import-export restrictions and climate change.

He said Abac’s goal is to promote a rules-based global trading system and an Asia-Pacific free trade area as well as an ecosystem that supports economic growth.

“All of these actions are fundamental to ensuring our region is seamless, vibrant, resilient and sustainable for all, including the disadvantaged and underserved,” he said.

He added that Apec leadership and decisive action are needed to accelerate economic recovery from the fallout from Covid-19.

Kriengkrai, who also chairs the Federation of Thai Industry, said Abac is looking for opportunities to facilitate trade and investment, as well as integration into a wider regional market. He added that the council is also focusing on carbon credit and future food, which will soon become new sources of income for people.

“We also call on Apec to facilitate the reopening of borders to accelerate regional recovery, especially for MSMEs who have been affected by Covid-19 restrictions,” he said.

He added that Abac will continue to focus on developing and implementing a regional framework to facilitate business operations and tourism in the post-Covid era.

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