APEC NEWS RELEASE: Issued by The APEC Business Advisory Council (ABAC) Ha Long, 29 July 2022 – Asia-Pacific business leaders in the APEC Business...
Shared problems need shared solutions – starting now, say Asia-Pacific business leaders
Working together – as APEC Economic Leaders demonstrated recently – to find coherent, timely
solutions to complex global challenges are the only way the region will continue to thrive, the APEC
Business Advisory Council (ABAC) declared today during their third virtual meeting for the year.
Rachel Taulelei, Chair of ABAC for 2021, said that the Council had finalized its annual Letter and Report
to APEC Economic Leaders at the meeting.
“Our key message to Leaders is that a prosperous, peaceful, and resilient future will only be achieved
through our collective efforts. The challenges we face are profound – but they are also shared. The
pandemic is the most urgent problem, but we also need to navigate climate change, faltering economic
growth, and digital disruption. Standing alone and turning inwards is not the right strategy in a deeply
interconnected world,” said Ms. Taulelei.
The New Zealand Prime Minister, the Rt Hon Jacinda Ardern, opened the meeting. “We were honoured
to have the opportunity to share some of our thinking directly with PM Ardern and we were able to
congratulate her on hosting the first-ever mid-year, Informal Meeting of APEC Leaders,” said Ms. Taulelei.
“It is clear that there is considerable common ground with ABAC. We look forward to our annual
Dialogue with APEC Leaders in November.”
Rachel Taulelei explained that ABAC had made a broad set of recommendations in its Report, reflecting
the range of complex issues facing the region.
“A collective response to the pandemic is the most critical priority. If we want to put COVID behind us,
we need faster, more equitable, and universal vaccination, complemented by freeing up trade in vaccines,
essential medical supplies, and services. Vaccination is also key to the safe and seamless reopening of
borders, when the time is right, which will, in turn, enable economic recovery. APEC should develop a
coherent regional framework for this,” she said.
Ms. Taulelei recalled that ABAC’s theme for 2021 was ‘People, Place and Prosperity’, or ‘Tāngata, Taiao me
te Taurikura’. Taking a holistic view on how those priorities could be integrated and amplified had
informed ABAC’s recommendations.
“The well-being of our people must be at the heart of all that we do – so we have recommended capacity building and structural reform to help empower small businesses, women, and Indigenous communities.
We also call for a digitally-enhanced and trade-friendly food system: ensuring people are adequately
nourished is fundamental to achieving all other objectives.
“When it comes to place, we are committed to ensuring that sustainability underpins and drives all of
APEC’s economic activity going forward. To that end, we have agreed a set of Climate Change Leadership
Principles and a framework for trade in renewable energy which we want to see adopted more broadly.
“As for prosperity, APEC can demonstrate real leadership here, as it has done so effectively in the past – by
championing a credible and relevant World Trade Organisation, putting in place some of the building
blocks towards the eventual Free Trade Area of the Asia-Pacific, and ensuring that we leverage the
potential of the digital economy through greater capacity-building, more accessible infrastructure and
making sure that digital trade can flow seamlessly across the region.
Ms. Taulelei commented that there was a need for urgency.
“The time for action is now. “History shows that a crisis often generates new creativity and new
momentum. Our key takeaway for Leaders is that we need to start seeing results in all of these areas.
“This will help us kickstart the implementation of the Putrajaya Vision 2040 that Leaders agreed last
November, which is obviously important. But even more importantly, it will enable us to look to 2022
with a greater sense of optimism about the future,” Ms. Taulelei concluded.
REGISTER WITH TRADE WORKS
Register to stay up to date with latest news, as well as saving and discussing articles you’re interested in.
Asia-Pacific Business Leaders to APEC Leaders: Speed up economic recovery and regain growth momentum
APEC NEWS RELEASE: Issued by The APEC Business Advisory Council (ABAC) Ha Long, 29 July 2022 – Asia-Pacific business leaders in the APEC Business Advisory Council (ABAC), meeting this week in Ha Long, Viet Nam, expressed deep concern about the unprecedented crises...
It won’t come as a surprise to many people to hear that we remain in a very challenging situation when it comes to global business. Our exporters are operating in an environment that is difficult to navigate due to continuing uncertainties – the seemingly endless...
A new report, commissioned by the NZ International Business Forum (NZIBF) and prepared by Adrian Macey, former Climate Change Ambassador and World Trade Organization (WTO) Lead Negotiator, shows that trade policy and actions to address climate change can be...
TRADE AND CLIMATE CHANGE: STATE OF PLAY. A discussion paper prepared for the NZIBF by Adrian Macey, June 2022. Download here.
In which we like the good parts of the NZ EU FTA…. Who remembers the curate’s egg? It’s when the nervous Curate, asked by the Bishop, if everything is ok with his boiled egg, replies “It’s good in parts, my Lord”. So too the recently concluded NZ/EU FTA, which has...
ADDRESS TO THE FONTERRA ALUMNI GOVERNANCE DEVELOPMENT WORKSHOP AUCKLAND, 29 JUNE 2022 STEPHEN JACOBI EXECUTIVE DIRECTOR NZ INTERNATIONAL BUSINESS FORUM THE GLOBAL GOVERNANCE CHALLENGE Thanks to my friend Janine Smith for inviting me to speak to you today....
Reacting to the overnight conclusion of negotiations for a free trade agreement between New Zealand and the European Union, the NZ International Business Forum (NZIBF), which brings together a cross section of major exporters, said the outcome was mixed in terms of...
As negotiations accelerate to conclude an ambitious free trade agreement between New Zealand and the European Union, the NZ International Business Forum (NZIBF), representing a cross section of major exporters, urges the Government and its negotiators to hold out for...
Media release, 19 June 2022 The NZ International Business Forum (NZIBF) welcomes the outcome of the World Trade Organization (WTO) 12th Ministerial Council meeting in Geneva and congratulates Trade Minister O’Connor and officials. “It’s great to see the WTO back in...
ADDRESS TO THE 50TH ONE STOP UPDATE FOR THE ACCOUNTANT IN BUSINESS CHRISTCHURCH, WELLINGTON, AUCKLAND, MAY 2022 STEPHEN JACOBI EXECUTIVE DIRECTOR NZ INTERNATIONAL BUSINESS FORUM ONE STOP GLOBAL ECONOMIC UPDATE Thanks to Brightstar for once again inviting me to...
ABAC NEW ZEALAND REMARKS TO ABAC-MINISTERS RESPONSIBLE FOR TRADE DIALOGUE 21 MAY 2022 RACHEL TAULELEI ABAC NZ Chair, Ministers The Free Trade Area of the Asia Pacific (FTAAP) remains the preeminent economic priority for the Asia-Pacific business community. It...
Deepening ECONOMIC INTEGRATION and EQUIPPING BUSINESS FOR DYNAMIC, INCLUSIVE and SUSTAINABLE GROWTH ARE KEY to ECONOMIC RECOVERY, say business leaders
Vancouver, 28 April 2022 –Asia-Pacific business leaders in the APEC Business Advisory Council (ABAC), meeting this week in Vancouver, affirmed their determination to continue to work closely together to respond to the challenge of sustaining the region’s growth...
The US idea of an Indo Pacific Framework (IPEF) continues to gain traction but is not without complication. Aotearoa-New Zealand is a great joiner - from the very beginning of the United Nations to the important economic institutions like the WTO, APEC, CPTPP and...
NZ INTERNATIONAL BUSINESS FORUM REMARKS TO THE FOREIGN AFFAIRS, DEFENCE AND TRADE COMMITTEE INTERNATIONAL TREATY EXAMINATION OF THE NZ/UK FREE TRADE AGREEMENT 17 MARCH 2022 STEPHEN JACOBI EXECUTIVE DIRECTOR Madam Chair, Members of the Committee Thank you for the...
INTERNATIONAL TREATY EXAMINATION OF THENEW ZEALAND UNITED KINGDOM FREE TRADE AGREEMENT MARCH 2022 Introduction and Summary 1. This submission is made on behalf of the New Zealand International Business Forum (NZIBF) whose members are listed at Annex A 1 . NZIBF is a...