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Vietnam president advocates economic links at APEC Summit

Friday, November 20, 2015, 15:28 GMT+7
Vietnam president advocates economic links at APEC Summit
Vietnamese State President Truong Tan Sang (L) shakes hands with U.S. President Barack Obama at the 23rd Asia-Pacific Economic Cooperation (APEC) Summit in Manila, the Philippines, on November 19, 2015.

APEC economies should further promote economic connectivity to achieve the goals of sustainable development, Vietnam’s State President Truong Tan Sang said at the 23rd Asia Pacific Economic Cooperation (APEC) Summit which opened in the Philippines on Thursday.

The summit was centered on “Inclusive Growth through Sustainable and Resilient Communities.”

President Sang stressed that inclusive growth requires innovation, especially in economic institutions, human resource development and infrastructure improvement.  

He also emphasized the need for APEC to strengthen public-private partnership and coordinate closely with other regional and international mechanisms in the implementation of the 2030 Agenda for Sustainable Development.

The president called on APEC member economies to exert more efforts to minimize disaster risks, ensure food security with climate change response, and promote sustainable agriculture through new technology application in order to achieve inclusive growth, according to the Vietnam News Agency.

President Sang welcomed the approval of the APEC Framework on Disaster Risk Reduction and the Action Plan on Food Security, saying they will contribute to the implementation of the Sendai Framework on Disaster Risk Reduction, the news agency reported.

At the summit, APEC leaders discussed the significance of human resource improvement, innovation, and gender equality in boosting community resilience and sustainability.

They also highly valued Vietnam’s initiative to organize the first APEC conference on community-based disaster risk management, according to the news agency. 

The summit concluded on the same day, after the leaders adopted the Declaration on “Building Inclusive Economies, Building a Better World: A Vision for an Asia-Pacific Community,” and endorsed the Statement on Supporting the Multilateral Trading System and the 10th World Trade Organization Ministerial Conference.

APEC is a regional economic forum established in 1989 to leverage the growing interdependence of the Asia-Pacific.

It has 21 member economies, including Australia, Canada, the U.S., China, Japan, Russia, Vietnam, and others.

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