(VOVworld) - The first plenary session of the 23rd APEC Summit opened in Manila, the Philippines on Thursday. Addressing the opening session, host country’s President Benigno Aquino emphasized on the theme “Inclusive growth through regional economic integration” and APEC commitment to sustainable development.
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APEC leaders were committed to achieving the Bogor Goals in 2020 towards the establishment of the Free Trade Agreement of the Asia-Pacific (FTAAP) and developing the region as a driving force of regional and global connectivity. Speaking in the plenary session, President Truong Tan Sang said Vietnam is committed to working hand in hand with other members of the Asia-Pacific Economic Cooperation (APEC) forum in enhancing regional economic integration towards the prosperity of the Asia-Pacific region. He called on APEC member economies to continually foster regional economic integration towards sustainable development goals and focus closer cooperation on reducing poverty, development gap and disaster risk; ensuring food security; and developing sustainable agriculture and green tourism.
The APEC economies also need to bolster economic and technical cooperation and support for improved capability of developing members, particularly in new-generation economy and trade. President Truong Tan Sang: “APEC members and enterprises should become more involved in sub-regional and regional integration schemes, notably the ASEAN and Mekong. APEC members prioritize structural reform towards open market, competitiveness and transparency, promoting social inclusion in the market for sustainable welfare system. Vietnam agrees on the new APEC agenda on structural reform.”
Highlighting Vietnam's contributions to fostering APEC and regional economic integration, President Sang said Vietnam has learnt major lessons from 30 years of the “Doi moi” (Renewal) process, which show economic growth is fueled by greater integration while the determinant of sustainable and inclusive growth is reform, particularly reforms of economic system, human resources and infrastructure.
During the closing session, APEC members approve two declarations on inclusive economic growth, multilateral trade support and APEC strategy on quality growth. The 24th APEC summit will take place in Peru next year.