APEC update

 

Ministers, Officials Push for Green Growth, Economic Resilience as Meetings in Seattle Begin

Issued by the APEC Secretariat

Seattle, the United States, 29 July 2023

APEC member economies commence a major cluster of meetings in Seattle, making a broad-based push to improve economic resilience and interconnectedness, enable an innovative environment for a sustainable future and affirm an equitable future for all. 

Over the next three weeks, officials and ministers are meeting against the backdrop of a weak global economy outlook and fragmentation, persistently high inflation, as well as extreme heat caused by El Niño – all of which hamper economic recovery as the region emerges from COVID-19.

“The main focus of APEC has always been trade and investment liberalization,” said Dr Rebecca Sta Maria, APEC Secretariat Executive Director. “However, we need to broaden our work and push for a greener and more inclusive future despite differing views on geopolitical matters.”

“Contrary to perceptions, APEC member economies continue to deepen our engagement and are united on the issues of climate change and ensuring that trade and investment bring benefits to all,” Dr Sta Maria added.

“APEC provides governments the platform for robust and candid discussions, share best practices and explore policy levers to implement effective structural reforms to ensure a more resilient and inclusive economic growth.”

These goals will be reinforced as APEC ministers in charge of disaster management, food security, health, energy, women, and the economy, as well as small and medium-sized enterprises meet in Seattle this month.

US cabinet officials, including Secretary of Agriculture Tom Vilsack; Health and Human Services Secretary Xavier Becerra; and Secretary of Energy Jennifer Granholm, will host their counterparts while in Seattle, engage with local communities, and showcase the vibrant city as the center of international commerce.

“This meeting cluster builds upon work in previous meetings held in Detroit and Palm Springs where we advanced our objectives to create green jobs; shape the digital economy; and build economic resilience and recovery, which will pave the way for further cooperation among APEC economies,” said Matt Murray, United States Senior Official. 

Seattle is no stranger to APEC. In 1993, the United States hosted the first APEC Leaders’ Meeting on Blake Island in Puget Sound, off the coast of Seattle. 

Murray added that Seattle is home to top US firms in key services and manufacturing sectors, and is a major exporter of manufactured goods, agricultural products, as well as advanced technologies and services to the Asia-Pacific region, which accounts for more than 75 percent of the metro area’s trade. 

“It is thus a fitting venue to demonstrate the strong public-private partnership, which is the secret sauce of APEC’s success over the years. We will use this opportunity to highlight this relationship and strengthen our engagement with other stakeholders as well."

As part of the APEC 2023’s Digital Pacific Agenda, this cluster of meetings will also include a series of events and activities focused on digital innovation, technology and entrepreneurship, called APEC Digital Month: Building a Digital Pacific for All.

Seattle is an appropriate setting for this final cluster of technical meetings before the culmination of the US host year when APEC economic leaders meet in San Francisco in November.

 

For further details, please contact:

Masyitha Baziad +65 9751 2146 at mb@apec.org
Michael Chapnick +65 9647 4847 at mc@apec.org